REG - Balfour Beatty PLC - Notification of Repurchase of Convertible Bonds <Origin Href="QuoteRef">BALF.L</Origin>

Balfour BeattyAnnouncement

14/02/2018 15:10

RNS Number : 9123E
Balfour Beatty PLC
14 February 2018
Balfour Beatty plc: Notification of Repurchase of Convertible Bonds
Balfour Beatty plc
LEI: CT4UIJ3TUKGYYHMENQ17
Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State of the EU.
14 February 2017
Notification of Repurchase of Convertible Bonds
Balfour Beatty plc (the "Company")announces that it has (via its wholly owned Jersey-incorporated subsidiary Balfour Beatty Finance No.2 Limited) repurchased 39,000,000 in aggregate principal amount of the 252,700,000 1.875 per cent. Convertible Bonds due 2018 issued by Balfour Beatty Finance No. 2 Limited and guaranteed by the Company (the "Convertible Bonds"). 
Following this purchase, 213,700,000 in aggregate principal amount of the Convertible Bonds remains outstanding.
The Company may look to make further repurchases from time to time, subject to market conditions.
The Convertible Bonds which have been purchased will either be surrendered by the Company to the issuer for cancellation or be held until their maturity date.
This notification complies with LR 12.5.2 in relation to the repurchase of 15.4% of the principal amount of the Convertible Bonds initially issued. Further announcements will be made in accordance with the Listing Rules in the event that more Convertible Bonds are purchased.
This notification does not constitute or form part of an offer to sell or purchase, or a solicitation of an offer to sell or purchase, the Convertible Bonds or any other securities.
ENDS

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