REG - ENEL - Societa - Notice of Redemption

Bank Of New York MellonAnnouncement

20/07/2020 11:10

RNS Number : 4855T
  
ENEL - Societa per Azioni
  
20 July 2020
  
 

 
To:                  Noteholders
 
Copy to:        ENEL - Società per Azioni
                                                                                                                 Viale Regina Margherita 137
                                                                                                                 00198 Rome
                                                                                                                 Italy
July 20, 2020
 
Notice of Redemption: GBP 400,000,000 Capital Securities due 10 September 2075, 7.750% rate per annum and issued by ENEL - Società per Azioni (ISIN XS0954674825)
 
 
Reference is made to the Terms and Conditions of the Sterling Securities (as hereafter defined) pursuant to which ENEL Società per Azioni (the "Company") issued, on September 10, 2013,GBP 400,000,000, at a rate of 7.750% per annum (from and including) the Issue Date to (but excluding the First Reset Date) notes due 2075 (ISIN XS0954674825, the "Sterling Securities" under the Offering Circular dated September 6th, 2013, the "Offering Circular") and the Agency Agreement, dated September 10th, 2013 (the "Agency Agreement") among the Company, the Bank of New York Mellon - London Branch as Agent Bank and Principal Paying Agent (the "Paying Agent"), BNY Mellon Corporate Trustee Services Limited as Trustee (the "Trustee").
Capitalised terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Agency Agreement, the Offering Circular and the Terms and Conditions of the Sterling Securities.
 
Pursuant to clause 11 (Notice in Connection with Optional Redemption and Early Redemption) of the Agency Agreement, the Company has provided this Notice of Redemption (as hereafter defined) to the Paying Agent and the Trustee of its election to redeem all of the outstanding Sterling Securities and has requested the Paying Agent to provide this Notice of Redemption to all holders of the Sterling Securities.
Therefore, the Company - with this notice of redemption - hereby notifies you the redemption of all of the outstanding Sterling Securities (the "Notice of Redemption") according to Condition 6.2 of the Terms and Conditions of the Sterling Securities and clause 5(Notices) of the Permanent Global Security representing the Sterling Securities, as described in paragraph "Notices" of the section "Summary Of Provisions Relating To The Securities While Represented By The Global Securities" of the Offering Circular and provides the following information:
 




Redemption Date:


September 10, 2020 (being also the "First Reset Date", as already defined in the Terms and Conditions of the Sterling Securities)




 


 




Notes to be Redeemed:


GBP 400,000,000 Capital Securities due 10 September , 2075, 7.750% rate per annum and issued by ENEL - Società per Azioni 
ISIN Number: XS0954674825
Common Code: 095467482




Redemption Price:


At principal amount of the Sterling Securities to be redeemed, together with any accrued interest up to (but excluding) the Redemption Date and any outstanding Arrears of Interest.
 


 




 
 
 
 
No later than 10:00 AM, Milan time, on the Redemption Date, the Company will irrevocably deposit with the Paying Agent funds sufficient to pay the Redemption Price, and will give the Paying Agent irrevocable instructions and authority to pay the Redemption Price to the Noteholders.
When the Company makes the deposit referred to in the preceding paragraph, all rights of the Noteholders will cease, except the Noteholders' rights to receive the Redemption Price, but without interest, and the Sterling Securities Notes will be cancelled according to condition 6.8 (Cancellations) of the Terms and Conditions of the Sterling Securities and clause 13 (Cancellation of Securities, Coupons and Talons) of the Agency Agreement.
 
The Bank of New York Mellon - London Branch is the Paying Agent and has the following address:




 


By Mail
The Bank of New York Mellon - London Branch
One Canada Square
London
E14 5AL
Attention: Milan_GCS@bnymellon.com
 


 




 
A copy of this Notice of Redemption is being sent to all Noteholders of record of the Sterling Securities Notes. Questions regarding this Notice of Redemption should be directed to the Paying Agent, at milan_gcs@bnymellon.com. 
 
 
Enel S.p.A.
 
 
 
 
By: ___________________________________
 
Name:  Alessandro Canta
 
Title:    Head of Finance & Insurance of Enel S.p.A.
 
 
 
 
 
 
 
 
 
 
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 
 


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