REG - Bank of Montreal CPPIB Capital Inc - Pre-Stabilisation Notice - CPPIB Capital Inc

Bank of MontrealAnnouncement

28/02/2024 17:15

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RNS Number : 8505E  Bank of Montreal  28 February 2024

pre-Stabilisation Announcement

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

CPPIB Capital Inc.

Pre-Stabilisation Notice

Bank of Montreal, London Branch (contact: Edward Mizuhara; telephone: +44 20
7665 8062) hereby gives notice that the Stabilising Manager named below may
stabilise the offer of the following securities in accordance with Commission
Delegated Regulation EU 2016/1052 of 8 March 2016 supplementing Regulation
(EU) No 596/2014 of the European Parliament and of the Council with regard to
regulatory technical standards for the conditions applicable to stabilisation
measures, in each case as it forms part of retained EU law by virtue of the
European Union (Withdrawal) Act 2018.

 

 The securities:
 Issuer:                                                                    CPPIB Capital Inc.
 Guarantor (if any):                                                        N/A
 Aggregate nominal amount:                                                  GBP 600,000,000
 Description:                                                               GBP 600,000,000 4.5% Notes due 22 July 2027
 Offer price:                                                               99.680%
 Other offer terms:                                                         TBA

 Stabilisation:
 Stabilising Manager:                                                       Bank of Montreal, London Branch
 Stabilisation period expected to start on:                                 28 February 2024
 Stabilisation period expected to end no later than:                        30 days after the proposed issue date of the securities
 Existence, maximum size and conditions of use of over-allotment facility:  The Stabilising Manager may over-allot the securities to the extent permitted
                                                                            in accordance with applicable law.

In connection with the offer of the above securities, the Stabilising Manager
may over-allot the securities or effect transactions with a view to supporting
the market price of the securities at a level higher than that which might
otherwise prevail. However, there is no assurance that the Stabilising Manager
will take any stabilisation action and any stabilisation action, if begun, may
be ended at any time. Any stabilisation action or over-allotment shall be
conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This material was produced by Bank of Montreal, London Branch, a firm
authorised by the Prudential Regulation Authority and regulated by The
Financial Conduct Authority and the Prudential Regulation Authority. This
announcement and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom and persons in
the United Kingdom who have professional experience in matters related to
investments or who are high net worth persons within article 12(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in,
or the offer of the securities to which it relates is made in, any EEA Member
State before the publication of a prospectus in relation to the securities
which has been approved by the competent authority in that Member State in
accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or
which has been approved by a competent authority in another Member State and
notified to the competent authority in that Member State in accordance with
the Prospectus Regulation), this announcement and the offer are only addressed
to and directed at persons in that Member State who are qualified investors
within the meaning of the Prospectus Regulation (or who are other persons to
whom the offer may lawfully be addressed) and must not be acted on or relied
on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from registration.  There
will be no public offer of securities in the United States.

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