REG - William Hill Limited - Change of Control Redemption Notice

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20/09/2022 08:15

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RNS Number : 9241Z  William Hill Limited  20 September 2022

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.

 

20 September 2022

 

WILLIAM HILL LIMITED

 

(a company incorporated under the laws of England and Wales with company
number 04212563, whose registered office is at 1 Bedford Avenue, London WC1B
3AU (the "Issuer"))

 

NOTICE OF CHANGE OF CONTROL REDEMPTION

 

with respect to the £350,000,000 4.750 per cent. Guaranteed Notes due 2026
(the "Notes") Common Code: 198983381/ISIN: XS1989833816

 

We refer to the trust deed dated 1 May 2019 (the "Trust Deed") by and between
the Issuer, William Hill Organization Limited, WHG (International) Limited and
The Law Debenture Trust Corporation p.l.c. as trustee (the "Trustee"),
constituting the Notes and containing the terms and conditions of the Notes
(the "Conditions"), as amended, restated and/or supplemented from time to
time. Terms not otherwise defined herein shall have the meaning given to them
in the Trust Deed.

 

The Issuer gave notice on 29 July 2022 that pursuant to Condition 7(c) a Put
Event had occurred and that each Noteholder was entitled to require the Issuer
to redeem or (at the option of the Issuer) purchase the Notes of such holder
by giving notice to the Issuer by no later than 15 September 2022.

 

NOTICE IS HEREBY GIVEN THAT, pursuant to Condition 7(c), Noteholders in
respect of GBP 339,467,000 principal amount of Notes have given notice to the
Issuer requiring the Issuer to redeem (or at the option of the Issuer)
purchase such Notes (the "Put Option Notes"). The Issuer will redeem (or at
its option) purchase the Put Option Notes on 22 September 2022 (the "Put
Date") at a cash purchase price equal to 101 per cent. of the principal amount
of the Put Option Notes together with accrued interest to but excluding the
Put Date.

 

Important Notice

 

This notice does not constitute an offer to sell or a solicitation of a
purchase or a purchase order of securities in any jurisdiction.

 

The Notes have not been and will not be registered under US Securities Act of
1933, as amended (the "Securities Act"), or under any applicable securities
laws of any state or other jurisdiction of the United States and the Notes may
not be offered or sold within the United States, except pursuant to an
exemption from the registration requirements of the Securities Act and
applicable state or local securities laws.

 

As more particularly set out in the Conditions, copies of the Trust Deed are
available for inspection during normal business hours at the offices of the
Principal Paying Agent, amongst other transaction parties.

 

Governing law: This Notice and any non-contractual obligations arising out of
or in connection with it are governed by, and shall be construed in accordance
with, English law.

This Notice is given by:

William Hill Limited 1 Bedford Avenue London WC1B 3AU

 

Enquiries

 John Hickey   Tel: +44 207 612 3212

 Yariv Dafna   Tel: +44 7801 887 683

 

This Notice is given by:

William Hill Limited

1 Bedford Avenue

London

WC1B 3AU

 

Dated: 20 September 2022

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