REG-Ørsted A/S Tender offer for hybrid capital securities – final results

Oersted A/SAnnouncement

12/03/2024 08:15

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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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