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Ørsted A/S (Orsted)
Tender offer for hybrid capital securities – final results
12-March-2024 / 09:08 CET/CEST
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12.3.2024 09:07:55 CET | Ørsted A/S | Investor News
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN
THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE
UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES), OR TO ANY
US PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF
1933), OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT OR THE TENDER OFFER MEMORANDUM (AS DEFINED
BELOW).
Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of
its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017
(ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all
such Securities for purchase by Ørsted for cash (such invitation, the
‘Offer’).
The Offer was announced on 5 March 2024 and was made on the terms and
subject to the conditions contained in the tender offer memorandum dated 5
March 2024 (the ‘Tender Offer Memorandum’). Capitalised terms used in this
announcement and not otherwise defined have the meaning given to them in
the Tender Offer Memorandum.
As at the Expiration Deadline for the Offer being at 17:00 CET on 11 March
2024, EUR 249,544,000 in aggregate principal amount of the Securities was
validly tendered pursuant to the Offer. It is hereby announced that Ørsted
accepts for purchase all such Securities validly tendered in full.
The Purchase Price is 98.75 % of the principal amount, and Ørsted will
also pay Accrued Interest in respect of such Securities accepted for
purchase pursuant to the Offer.
Description: EUR 500,000,000 2.25 % hybrid capital securities due on 24
November 3017:
• ISIN: XS1720192696
• Purchase Price: 98.75 %
• Final accepted aggregated principal amount: EUR 249,544,000
• Accrued Interest: EUR 6.82 per EUR 1,000 (based on Settlement on 14
March 2024
• Principal amount outstanding after Settlement Date: EUR 250,456,000
The applicable Purchase Price together with Accrued Interest will be paid
to holders whose Securities have been accepted for purchase by Ørsted.
Settlement is expected to occur on 14 March 2024.
For further information, please contact:
Global Media Relations
Carsten Birkeland Kjær
+45 99 55 77 65
1 cabkj@orsted.com
Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
2 ir@orsted.com
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted
develops, constructs, and operates offshore and onshore wind farms, solar
farms, energy storage facilities, renewable hydrogen and green fuels
facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
Change A List as a global leader on climate action and was the first
energy company in the world to have its science-based net-zero emissions
target validated by the Science Based Targets initiative (SBTi).
Headquartered in Denmark, Ørsted employs approx. 8,900 people. Ørsted's
shares are listed on Nasdaq Copenhagen (Orsted). In 2023, the group's
revenue was DKK 79.3 billion (EUR 10.6 billion). Visit 3 orsted.com or
follow us on 4 Facebook, 5 LinkedIn, Instagram, and 6 X.
Attachments
• 7 Tender offer for hybrid capital securities – final results.pdf
News Source: Ritzau
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: DK0060094928
Category Code: RTE
TIDM: Orsted
Sequence No.: 309070
EQS News ID: 1856387
End of Announcement EQS News Service
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References
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