REG - Smiths Group PLC - Notice of Optional Redemption

SmithsAnnouncement

13/01/2022 10:15

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RNS Number : 3576Y  Smiths Group PLC  13 January 2022

13 January 2022

Smiths Group plc (the Issuer)

Notice of Optional Redemption

US$400,000,000 3.625 per cent. Guaranteed Notes due 2022 fully and
unconditionally guaranteed by Smiths Group International Holdings Limited (the
Notes)

                                                 CUSIP Number  ISIN number
 Notes represented by Rule 144A Global Notes     83238PAD6     US83238PAD69
 Notes represented by Regulation S Global Notes  G82401AH6     USG82401AH63

We refer to Section 4 (Redemption) of the terms and conditions of the Notes
(the Conditions) as set out in Exhibit B-1 of the Fiscal and Paying Agency
Agreement dated 12 October 2012, whereby the Issuer may, at its option at any
time, on giving at least 30 days but not more than 60 days' notice to
Noteholders, redeem the Notes that remain outstanding in whole or in part.

Terms used but not defined in this notice have the meaning given to them in
the Conditions.

NOTICE IS HEREBY GIVEN that all of the outstanding Notes will be redeemed on
the 17 February 2022 (the Redemption Date) at the redemption price. In
accordance with the Conditions, the redemption price will be determined by the
Independent Investment Banker based on the Composite 3:30 p.m. Quotations for
US Government Notes published by the Federal Reserve Bank of New York or such
other United States Treasury selected by the Independent Investment Banker as
at 3:30 p.m., New York City time, on 14 February 2022 plus 30 basis points,
together with accrued and unpaid interest. The redemption price will be
notified to the Noteholders as soon as practicable following its
determination.

From and after the Redemption Date, if moneys for the redemption of the Notes
shall have been made available as provided herein for redemption on the
Redemption Date, the Notes shall cease to bear interest, and the only right of
a registered holder of the Notes called for redemption shall be to receive
payment of the redemption price and all unpaid interest accrued to the
Redemption Date.

The CUSIP and ISIN numbers in relation to the Notes being redeemed are as set
forth above. No representation is made as to the correctness or accuracy of
such numbers listed in this Notice of Redemption or printed on the Notes.
Reliance may be placed only on the other identification numbers printed on the
Notes.

Payment in relation to the Notes will be made in accordance with the usual
procedures of Clearstream, Luxembourg and/or Euroclear and/or DTC.

Enquiries:

 

Sacha Kenny

Group Treasury Director

+44 (0) 20 7004 1600

+44 (0) 7917 214 976

Sacha.kenny@smiths.com

 

Jemma Spalton

Investor Relations Director

+44 (0) 20 7004 1600

+44 (0) 7867 390 350

Jemma.spalton@smiths.com (mailto:Jemma.spalton@smiths.com)

 

 

This notice, which is irrevocable, is given by Smiths Group plc on 13 January
2022.

 

Legal Entity Identifier: 213800MJL6IPZS3ASA11

 

About Smiths Group

For over 170 years, Smiths Group has been pioneering progress by improving
the world through smarter engineering. We serve millions of people every year,
to help create a safer, more efficient and better-connected world, across four
major global markets:  Energy, General Industry, Security & Defence, and
Aerospace. Listed on the London Stock Exchange, Smiths employs c.14,600
colleagues in over 50 countries. For more information visit www.smiths.com
(http://www.smiths.com/)

 

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