REG - Urenco Finance NV - Tender Offer

Mitsubishi UFJ FinancialAnnouncement

04/04/2023 18:45

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RNS Number : 3805V  Urenco Finance N.V.  04 April 2023

Urenco Finance N.V. announces the termination of its Tender Offer for its

€500,000,000 2.375 per cent. Notes due 2024

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED
(the EUWA)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON
LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED
STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR IN ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT

4 April 2023. Further to the announcements dated 24 March 2023 and 31 March
2023, Urenco Finance N.V. (the Company) announces today that it has terminated
its invitation to holders of its outstanding €500,000,000 2.375 per cent.
Notes due 2024 (ISIN: XS1145750037) (the Notes) to tender their Notes for
purchase by the Company for cash (the Offer).

The Company has reassessed its cash deployment opportunities and determined
that pursuing the Offer no longer represents the most prudent treasury
management.

In accordance with the terms and conditions of the Offer, the Company has
therefore taken the decision to terminate the Offer today and consequently
will not accept any tenders of Notes for purchase. For the avoidance of doubt,
the Purchase Price and Accrued Interest Payment will not be paid or become
payable. Any Notes in respect of which Tender Instructions have been submitted
prior to this announcement will be unblocked in the relevant account in the
relevant Clearing System.

The Offer was made on the terms and subject to the conditions contained in the
Tender Offer Memorandum dated 24 March 2023, as amended by the announcement
dated 31 March 2023 (as amended, the Tender Offer Memorandum). Capitalised
terms used but not otherwise defined in this announcement shall have the
meanings given to them in the Tender Offer Memorandum.

BNP Paribas (Telephone: +33 1 55 77 78 94; Attention: Liability Management
Group; Email: liability.management@bnpparibas.com) and MUFG Securities
(Europe) N.V. (Telephone: +33 1 70 91 42 55; Attention: Liability Management
Group; Email: liability.management@mufgsecurities.com) acted as Dealer
Managers for the Offer and Kroll Issuer Services Limited (Telephone: +44 20
7704 0880; Attention: Harry Ringrose; Email: urenco@is.kroll.com; Offer
Website: https://deals.is.kroll.com/urenco) acted as Tender Agent.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire or sell any securities is being
made pursuant to this announcement. The distribution of this announcement and
the Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement or the Tender Offer Memorandum
comes are required by the Company, Urenco Limited, Urenco UK Limited, Urenco
Nederland B.V., Urenco Deutschland GmbH and Louisiana Energy Services, LLC in
their capacity as guarantors 1  of the Company's obligations under the Notes
(the Guarantors), the Dealer Managers and the Tender Agent to inform
themselves about, and to observe, any such restrictions.

This announcement is released by the Company and contains information that
qualified or may have qualified as inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
United Kingdom domestic law by virtue of the EUWA (UK MAR), encompassing
information relating to the Offer described above. For the purposes of UK MAR
and the Implementing Technical Standards, this announcement is made by Gerard
Tyler, Head of Group Treasury at Urenco Limited.

LEI Number: 549300424FNJMWD3CO80

 1                Pursuant to the terms and conditions of the
Notes, Urenco Enrichment Company Limited and Urenco USA Inc. resigned as
Guarantors of the Notes on 27 October 2021.

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