REG - Kuwait ProjectCo SPC - Launch of Tender Offer

Standard CharteredAnnouncement

Yesterday 12:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250902:nRSB6679Xa&default-theme=true

RNS Number : 6679X  Kuwait Projects Co SPC Limited  02 September 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO
ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. NEITHER THE TENDER OFFER
MEMORANDUM NOR ANY RELATED DOCUMENT HAS BEEN FILED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION, NOR HAS ANY SUCH DOCUMENT BEEN FILED WITH
OR REVIEWED BY ANY STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY OF ANY
COUNTRY. NO AUTHORITY HAS PASSED UPON THE ACCURACY OR ADEQUACY OF THE TENDER
OFFER MEMORANDUM OR ANY RELATED DOCUMENTS, AND IT MAY BE UNLAWFUL AND A
CRIMINAL OFFENSE TO MAKE ANY REPRESENTATION TO THE CONTRARY.

2 September 2025

KUWAIT Projects Company (Holding) K.S.C.P. ("KIPCO" and the  "Offeror")
hereby announces that it is separately inviting Noteholders of the outstanding
U.S.$500,000,000 4.229 per cent. Notes due 2026 (ISIN: XS2071383397) (the
"2026 Notes")  and U.S.$500,000,000 4.500 per cent. Fixed Rate Notes due 2027
(ISIN: XS1567906059) (the "2027 Notes" and, together with the 2026 Notes, the
"Notes") each issued by Kuwait Projects Co SPC Limited and irrevocably
guaranteed by KIPCO, to tender their Notes for purchase by KIPCO for cash
(such invitation being, in respect of each series of Notes, an "Offer" and
together, the "Offers") on the terms and subject to the conditions set out in
the Tender Offer Memorandum, including the Offer and Distribution
Restrictions, dated 2 September 2025, and in the related Notice of Guaranteed
Delivery.

Capitalised terms used in this announcement and not otherwise defined have the
meanings given to them in the Tender Offer Memorandum, which is available,
subject to eligibility confirmation and registration, on the Transaction
Website (the "Transaction Website"): https://projects.sodali.com/kipco
(https://projects.sodali.com/kipco) .

 Description of Notes                                        ISIN          Aggregate Principal Amount Outstanding  Purchase Price per U.S.$1,000 in principal amount 1  (#_ftn1)  Amount Subject to Offer
 U.S.$500,000,000 4.229 per cent. Notes due 2026             XS2071383397  U.S.$500,000,000                        U.S.$970.00                                                    Any and all

(the "2026 Notes")
 U.S.$500,000,000 4.500 per cent. Fixed Rate Notes due 2027  XS1567906059  U.S.$500,000,000                        U.S.$972.50

(the "2027 Notes")

Introduction to and Rationale for the Offers

The purpose of the Offers is to optimise the debt structure of KIPCO and its
subsidiaries.

Notes repurchased by KIPCO pursuant to the Offers will be cancelled and will
not be re-issued or re-sold. Notes which have not been validly submitted and
accepted for purchase pursuant to the Offers will remain outstanding.

Details of the Offers

Each Offer commences on 2 September 2025 and will expire at 11:00 New York
City Time on 9 September 2025 (such date and time, as the same may be
extended, the "Expiration Deadline").

Notes tendered may be withdrawn by holders at or prior to 11:00 New York City
Time on 9 September 2025 (such date and time, as the same may be extended, the
"Withdrawal Deadline") or at any time after the 60(th) business day after the
commencement of the relevant Offer if, for any reason, the relevant Offer has
not been consummated by then but, except as otherwise provided, not
thereafter.

KIPCO reserves the right, in its sole and absolute discretion, to extend,
re-open, withdraw or terminate either Offer and to amend or waive any of the
terms and conditions of either Offer at any time following the announcement of
the Offers, as described in the Tender Offer Memorandum, subject in each case
to applicable laws

Purchase Consideration

Subject to the Minimum Denomination, the price payable per U.S.$1,000 in
principal amount of the 2026 Notes will be U.S.$970.00 (the "2026 Purchase
Price") and per U.S.$1,000 in principal amount of the 2027 Notes, U.S.$972.50
(the "2027 Purchase Price") (each a "Purchase Price").

In respect of any Notes accepted for purchase pursuant to the Offers, KIPCO
will also pay an amount equal to any accrued and unpaid interest on the
relevant Notes of each Series from, and including, the interest payment date
for the Notes immediately preceding the Settlement Date up to, but excluding,
the Settlement Date, which is expected to be 11 September 2025 (in respect of
each series of Notes, the "Accrued Interest" and together with the relevant
Purchase Price, the "Purchase Consideration").

Accrued Interest will cease to accrue on the Settlement Date, for all Notes
tendered in the Offers, including those tendered through the Guaranteed
Delivery Procedures.

No Pro Rata Scaling

If KIPCO decides to accept any validly tendered Notes for purchase pursuant to
the Offers, KIPCO will accept for purchase any and all of the Notes that are
validly tendered, with no pro rata scaling.

Guaranteed Delivery

If any Noteholder wishes to tender its Notes and such Noteholder cannot comply
with the procedures of the relevant Clearing System to deliver a valid Tender
Instruction to the Tender and Information Agent by the Expiration Deadline,
such Noteholder must tender its Notes according to the Guaranteed Delivery
Procedures.

Indicative Timetable

 

 Date                                                    Action
 2 September 2025                                        Commencement of the Offers
                                                         Offers announced by way of announcements by delivery of a news release via a
                                                         widely disseminated news service, through the Clearing Systems and via RNS.
                                                         Tender Offer Memorandum is available on the Transaction Website, subject to
                                                         eligibility confirmation and registration.
 11:00 New York City Time on 9 September 2025            Expiration Deadline and Withdrawal Deadline

                                                         Deadline for receipt by the Tender and Information Agent of all valid Tender
                                                         Instructions or Notice of Guaranteed Delivery in order for Noteholders to be
                                                         able to participate in the Offers.

                                                         Deadline for withdrawal of any validly submitted Tender Instructions or, where
                                                         applicable, Notice of Guaranteed Delivery.

                                                         If an Offer is extended, the relevant Withdrawal Deadline will be extended to
                                                         the earlier of (i) the relevant Expiration Deadline (as extended) and (ii) the
                                                         tenth Business Day after the Commencement Date. Notes may also be validly
                                                         withdrawn in the event an Offer has not been consummated within sixty (60)
                                                         Business Days after the Commencement Date.

                                                         If a Tender Instruction is properly withdrawn, the Noteholder will not receive
                                                         any consideration on the Settlement Date or the Guaranteed Delivery Settlement
                                                         Date, as applicable (unless the Noteholder validly re-tenders such Notes at or
                                                         prior to the Expiration Deadline and the Notes are accepted by the Offeror).
 As soon as reasonably practicable on 10 September 2025  Announcement of Result of the Offers

                                                         Announcement of KIPCO's decision of whether to accept valid tenders of Notes
                                                         of each Series for purchase pursuant to the Offers and, if so accepted,
                                                         details of:

                                                         (i)    the aggregate principal amount of the Notes of each Series tendered
                                                         and accepted for purchase; and

                                                         (ii)   the principal amount of the Notes of each Series that will remain
                                                         outstanding after the completion of the Offers,

                                                         distributed by way of announcements by delivery of a news release via a widely
                                                         disseminated news service, via RNS, through the Clearing Systems and the
                                                         Transaction Website.
 17:00 New York City Time on 11 September 2025           Guaranteed Delivery Deadline

                                                         Deadline for delivery of a properly completed Notice of Guaranteed Delivery,
                                                         to complete a tender of Notes by the Guaranteed Delivery Procedures.

                                                         If the Expiration Deadline is extended, the Guaranteed Delivery Deadline will
                                                         be the second Business Day after the extended Expiration Deadline.
 11 September 2025                                       Settlement Date

                                                         The expected Settlement Date for Notes validly tendered and accepted for
                                                         purchase by the Offeror.

                                                         Payment of Purchase Consideration in respect of any such Notes
 15 September 2025                                       Guaranteed Delivery Settlement Date

                                                         The expected Guaranteed Delivery Settlement Date for Notes validly tendered
                                                         and accepted for purchase by the Offeror.

                                                         Payment of Purchase Consideration in respect of any such Notes.

The above times and dates are subject to the right of KIPCO to extend,
re-open, amend, withdraw and/or terminate the Offers (subject to applicable
law and as provided in the Tender Offer Memorandum). Noteholders are advised
to check with any bank, securities broker or other intermediary through which
they hold Notes when such intermediary would require to receive instructions
from a Noteholder in order for that Noteholder to be able to participate in,
or (in the limited circumstances in which withdrawal is permitted) withdraw
their instruction to participate in, the Offers before the deadlines specified
above. The deadlines set by any such Intermediary and each Clearing System for
the submission of Tender Instructions (or, where applicable, Notices of
Guaranteed Delivery) will be earlier than the relevant deadlines specified
above.

Further Information

A complete description of the terms and conditions of the Offers is set out in
the Tender Offer Memorandum.

HSBC Bank plc, Kamco Investment Company K.S.C.P. and Standard Chartered Bank
are acting as the dealer managers (the "Dealer Managers") for the Offers.
Sodali & Co is acting as the Tender and Information Agent (the "Tender and
Information Agent").

Questions and requests for assistance in connection with the Offers may be
directed to the Dealer Managers as follows:

  HSBC Bank plc                                      Kamco Investment Company K.S.C.P.

 8 Canada Square                                     Al Shaheed Tower

 London E14 5HQ                                      Khalid Ibn Al-Waleed Street

United Kingdom

                                                   P.O. Box 28873, Safat 13149

                                                   Sharq, State of Kuwait
 Telephone: +44 20 7992 6237

 Attention: Liability Management, DCM

                                                   Telephone: +965 2233 6982
 Email: LM_EMEA@hsbc.com (mailto:LM_EMEA@hsbc.com)

                                                   Attention: Debt Capital Markets

                                                     Email: dcm@kamcoinvest.com

 Standard Chartered Bank

 7th Floor Building One, Gate Precinct

 Dubai International Financial Centre

 P.O. Box 999

 Dubai

 United Arab Emirates

 Telephone: +44 20 7885 5739 / +852 3983 8658 / +65 6557 8286

 Attention: Liability Management Group

 Email: Liability_Management@sc.com

 Questions and request for assistance in connection with the delivery of Tender
 Instructions or the Notice of Guarantee Delivery, including requests for a
 copy of the Tender Offer Memorandum, may be directed to the Tender and
 Information Agent as follows:

 Sodali & Co
 Leadenhall Building

 122 Leadenhall St City of London, EC3V 4AB

 United Kingdom

 Telephone: +44 20 4513 6933

 Email: kipco@investor.sodali.com

 Transaction Website: https://projects.sodali.com/kipco

Each Noteholder is solely responsible for making its own independent appraisal
of all matters as such Noteholder deems appropriate and each Noteholder must
make its own decision, based upon its own judgement and having obtained advice
from such financial, accounting, legal and tax advisers as it may deem
necessary, as to whether to tender any or all of its Notes for purchase
pursuant to the Offers.

None of the Dealer Managers, the Tender and Information Agent or any of their
respective directors, officers, employees, agents or affiliates makes any
representation or recommendation whatsoever regarding the Offers, and none of
the Offeror, the Dealer Managers, the Tender and Information Agent or their
respective directors, officers, employees, agents or affiliates assumes any
responsibility for the accuracy or completeness of the information concerning
the Offers contained in this announcement or in the Tender Offer Memorandum.

None of the Dealer Managers, the Tender and Information Agent, the Offeror or
any of their respective directors, officers, employees, agents or affiliates
is acting for any Noteholder, or will be responsible to any Noteholder for
providing any protections which would be afforded to its clients or for
providing advice in relation to the Offers, and accordingly none of the Dealer
Managers, the Tender and Information Agent or any of their respective
directors, officers, employees, agents or affiliates assumes any
responsibility for any failure by the Offeror to disclose information with
regard to the Offeror or the Notes which is material in the context of the
Offers and which is not otherwise publicly available.

None of the Dealer Managers, the Tender and Information Agent, the Offeror or
any of their respective directors, officers, employees, agents or affiliates
makes any representation or recommendation whatsoever regarding the Offers, or
any recommendation as to whether Noteholders should tender Notes in the
Offers.

Disclaimer

This announcement must be read in conjunction with the Tender Offer
Memorandum. The Tender Offer Memorandum contains important information which
should be read carefully before any decision is made with respect to the
Offers. If any Noteholder is in any doubt as to the contents of this
announcement or the Tender Offer Memorandum or the action it should take, it
is recommended to seek its own financial and legal advice, including in
respect of any tax consequences, immediately from its stockbroker, bank
manager, solicitor, accountant or other independent financial, tax or legal
adviser.

 

Offer and Distribution Restrictions

United Kingdom

The communication of the Tender Offer Memorandum and any other documents or
materials relating to the Offers is not being made, and such documents and/or
materials have not been approved, by an authorised person for the purposes of
section 21 of the Financial Services and Markets Act 2000 (as amended).
Accordingly, such documents and/or materials are not being distributed to, and
must not be passed on to, the general public in the United Kingdom. The
communication of such documents and/or materials as a financial promotion is
only being made to, and may only be acted upon by, those persons in the United
Kingdom falling within the definition of investment professionals (as defined
in Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Financial Promotion Order")) or
persons who are within Article 43(2) of the Financial Promotion Order or any
other persons to whom it may otherwise lawfully be made under the Financial
Promotion Order.

France

The Offers are not being made, directly or indirectly, to the public in the
Republic of France ("France"). The Tender Offer Memorandum and any other
document or material relating to an Offer have only been or shall only be
distributed to the public in France to qualified investors (investisseurs
qualifiés), as referred to in Article L.411-2 1 of the French Code monétaire
et financier and defined in Article 2(e) of the Prospectus Regulation. The
Tender Offer Memorandum and any other document or material relating to an
Offer have not been and will not be submitted for clearance to nor approved by
the Autorité des marchés financiers.

Italy

None of the Offers, the Tender Offer Memorandum or any other documents or
materials relating to an Offer have been or will be submitted to the clearance
procedure of the Commissione Nazionale per le Società e la Borsa ("CONSOB").

The Offers are being carried out in the Republic of Italy as an exempted offer
pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58
of 24 February 1998, as amended (the "Financial Services Act") and article
35-bis, paragraph 4 of CONSOB Regulation No. 11971 of 14 May 1999 (the
"Issuer's Regulation").

Holders or beneficial owners of the Notes resident and/or located in Italy can
offer Notes for purchase through authorised persons (such as investment firms,
banks or financial intermediaries permitted to conduct such activities in
Italy in accordance with the Financial Services Act, CONSOB Regulation No.
20307 of 15 February 2018, as amended from time to time, and Legislative
Decree No. 385 of September 1, 1993, as amended) and in compliance with
applicable laws and regulations or with requirements imposed by CONSOB or any
other Italian authority.

Each intermediary must comply with the applicable laws and regulations
concerning information duties vis-à-vis its clients in connection with the
Notes and the Offers.

State of Kuwait

 

The Tender Offer Memorandum and any other documents or materials relating to
the Offers are private, solely addressed to the Noteholders, confidential and
are neither intended nor approved for general circulation in the State of
Kuwait. The Offers do not constitute, and shall not be interpreted in any
circumstance as, an offer or invitation to subscribe for, or purchase, any
securities (regardless of nomenclature or type) in the State of Kuwait. The
Offers shall not constitute, and shall not be interpreted in any circumstance
as, an issuance or an offering of "Securities" (as defined in Law No. 7 of
2010 or the bylaws thereto, each as amended (the "Securities Regulations")) by
KIPCO in the State of Kuwait.

The Dealer Managers, their agents and representatives have not been
registered, licensed, or authorised to market, offer, distribute or sell
securities in the State of Kuwait where it is unlawful to make such an offer
or invitation without compliance with the registration, licensing or other
legal requirements mandated by the Securities Regulations. While the Offers do
not specifically target persons in the State of Kuwait, the Tender Offer
Memorandum and any other documents or materials in relation thereto shall only
be deemed available to persons in the State of Kuwait on a
cross-border/offshore basis. Interested Noteholders in the State of Kuwait who
solicit the Dealer Managers, their agents and representatives acknowledge the
restrictions under the Securities Regulations. No services relating to the
Offers, including the receipt of applications and/or the allotment of
interests (regardless of nomenclature or type) shall be rendered and/or be
considered to have been rendered within the State of Kuwait by the Dealer
Managers, their agents and representatives.

The participation in the Offers as contemplated in the Tender Offer Memorandum
by investors in the State of Kuwait is not governed by the laws of the State
of Kuwait as all the related contractual instruments will be entered into, or
deemed to have been entered into, outside the jurisdiction of the State of
Kuwait. Investors from the State of Kuwait shall be precluded from the
disclosure or distribution of any materials or information in relation to the
Tender Offer Memorandum or the Offers to any other person in the State of
Kuwait.

United Arab Emirates (excluding the Abu Dhabi Global Market and the Dubai
International Financial Centre)

The Offers are not being made and will not be publicly promoted or advertised
in the United Arab Emirates (excluding the Abu Dhabi Global Market and the
Dubai International Financial Centre) other than in compliance with laws
applicable in the United Arab Emirates governing the issue, offering and/or
sale of securities.

Abu Dhabi Global Market

The Offers are not being made and may not be made to any person in the Abu
Dhabi Global Market unless such offer is: (a) an "Exempt Offer" in accordance
with the Markets Rules of the Abu Dhabi Global Market's Financial Services
Regulatory Authority (the "FSRA"); (b) made only to persons who are Authorised
Person or Recognised Bodies (as such terms are defined in the FSRA Financial
Services and Markets Regulation 2015 ("FSMR")) or persons to whom an
invitation or inducement to engage in investment activity (within the meaning
of section 18 of FSMR) in connection with the issue or sale of any securities
may otherwise lawfully be communicated or caused to be communicated; and (c)
made only to persons who meet the Professional Client criteria set out in Rule
2.4.1 of the FSRA Conduct of Business Rules.

Dubai International Financial Centre

The Offers are not being made and may not be made to any person in the Dubai
International Financial Centre unless such offer is: (i) an "Exempt Offer" in
accordance with the Markets Rules (MKT) Module of the Dubai Financial Services
Authority ("DFSA") rulebook; and (ii) made only to persons who meet the
Professional Client criteria set out in Rule 2.3.3 of the Conduct of Business
Module of the DFSA rulebook.

Kingdom of Bahrain

The Offers do not constitute an offer of securities in the Kingdom of Bahrain
in terms of Article (81) of the Central Bank of Bahrain and Financial
Institutions Law 2006 (decree Law No. 64 of 2006) nor an offer under Module
TMA (Take-overs, Mergers and Acquisitions) of Volume 6 of the Rulebook issued
by the Central Bank of Bahrain. The Tender Offer Memorandum and related
offering documents have not been and will not be filed nor registered as a
prospectus with the Central Bank of Bahrain. Accordingly, no Notes can be
tendered for purchase by, nor will the Tender Offer Memorandum or any other
related document or material be used in connection with any offer, sale or
invitation to tender Notes, whether directly or indirectly, to persons in the
Kingdom of Bahrain, other than in compliance with Bahraini law.

Kingdom of Saudi Arabia

The communication of the Tender Offer Memorandum and any other documents or
materials relating to the Offers are only being made and an Offer will only be
made or advertised in the Kingdom of Saudi Arabia, (i) to persons who have
confirmed that they are "Institutional Clients" or "Qualified Clients" (each
as defined in the "Rules on the Offer of Securities and Continuing
Obligations" as issued by the Board of the Capital Market Authority of the
Kingdom of Saudi Arabia (the "CMA") resolution number 3-123-2017 dated
9/04/1439H (corresponding to 27 December 2017), as amended (the "KSA
Regulations")); or (ii) by way of a limited offer under Article 9 of the KSA
Regulations or, as otherwise required or permitted by, the KSA Regulations.
The Tender Offer Memorandum and the Offers shall not, therefore, constitute a
"public offer", "exempt offer" or a "parallel market offer" pursuant to the
KSA Regulations.

The Tender Offer Memorandum and the Offers are subject to restrictions on
secondary market activity under the KSA Regulations. Accordingly, any investor
in the Kingdom of Saudi Arabia or who is a Saudi person who has acquired Notes
pursuant to a private placement under the KSA Regulations may not offer or
sell those Notes to any person unless the offer or sale is made in compliance
with the restrictions on secondary market activity under the KSA Regulations.

State of Qatar (including the Qatar Financial Centre)

The Offers are not being made and will not be publicly promoted or advertised
in the State of Qatar (including the Qatar Financial Centre) other than in
compliance with laws applicable in the State of Qatar (including the Qatar
Financial Centre) governing the issue, offering and/or sale of securities.

Singapore

The Tender Offer Memorandum has not been and will not be registered as a
prospectus with the Monetary Authority of Singapore. The Offers do not
constitute a public tender offer for the purchase of the Notes nor an offering
of securities in Singapore pursuant to the Securities and Futures Act 2001 of
Singapore.

Hong Kong

The Offers have not been made and will not be made in Hong Kong, by means of
any document other than (i) to "professional investors" as defined in the
Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the
"SFO") and any rules made under the SFO; or (ii) in other circumstances which
do not result in the document being a "prospectus" as defined in the Companies
(Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of
Hong Kong) ("C(WUMP)O") or which do not constitute an offer to the public
within the meaning of C(WUMP)O. Further, no person has issued or had in its
possession for the purposes of issue or will issue or have in its possession
for the purposes of issue, whether in Hong Kong or elsewhere, any
advertisement, invitation or document relating to the Offers, which is
directed at, or the contents of which are likely to be accessed or read by,
the public in Hong Kong (except if permitted to do so under the securities
laws of Hong Kong) other than with respect to the Offers which is or is
intended to be made only to persons outside Hong Kong or only to "professional
investors" as defined in the SFO and any rules made under the SFO. The Tender
Offer Memorandum and any other documents or materials relating to the Offers
and the information contained therein may not be used other than by the person
to whom it is addressed and may not be reproduced in any form or transferred
to any person in Hong Kong. The Offers are not intended to be made to the
public in Hong Kong and it is not the intention of KIPCO that the Offers be
made to the public in Hong Kong.

General

None of this announcement, the Tender Offer Memorandum and any other documents
or materials relating to the Offers constitutes an offer to buy or the
solicitation of an offer to sell Notes (and tenders of Notes for purchase
pursuant to the Offers will not be accepted from Noteholders) in any
circumstances in which such offer or solicitation is unlawful. In those
jurisdictions where the securities, blue sky or other laws require the Offers
to be made by a licensed broker or dealer and the Dealer Managers or any of
their respective affiliates is such a licensed broker or dealer in any such
jurisdiction, the Offers shall be deemed to be made by the Dealer Managers or
such affiliate, as the case may be, on behalf of KIPCO in such jurisdiction.

Each Noteholder participating in an Offer will be deemed to give certain
representations in respect of the other jurisdictions referred to above and
generally as set out in "Procedures for Participating in the Offers" in the
Tender Offer Memorandum. Any tender of Notes for purchase pursuant to an Offer
from a Noteholder that is unable to make these representations will not be
accepted.

Each of KIPCO, the Dealer Managers and the Tender and Information Agent
reserves the right, in its sole and absolute discretion, to investigate, in
relation to any tender of Notes for purchase pursuant to an Offer, whether any
such representation given by a Noteholder is correct and, if such
investigation is undertaken and as a result KIPCO determines (for any reason)
that such representation is not correct, such tender or submission may be
rejected.

MAR

This announcement is released by Kuwait Projects Co SPC Limited 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 amended
(the "MAR"). For the purposes of MAR this announcement is made by Samer
Khanachet, Deputy Group Chief Executive Officer on behalf of Kuwait Projects
Co SPC Limited.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIES OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF
MAR. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON
LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS DOCUMENT

 

 

 1  (#_ftnref1) In addition to the Purchase Price, the Offeror will pay
Holders whose Notes are accepted for purchase by the Offeror, Accrued Interest
(as defined herein).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TENPKBBQCBKKQCK