REG-Travis Perkins Travis Perkins: Final Results of Tender Offer

Travis PerkinsAnnouncement

13/04/2022 12:00

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   Travis Perkins (TPK)

   13-Apr-2022 / 11:48 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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     TRAVIS PERKINS PLC ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER FOR ITS
       OUTSTANDING £300,000,000 4.50 PER CENT. GUARANTEED NOTES DUE 2023

   THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF 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  UK
   DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

   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 TO ANY U.S.
   PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT  OF
   1933, AS  AMENDED)  OR IN  OR  INTO ANY  OTHER  JURISDICTION WHERE  IT  IS
   UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

   13 April  2022. Travis  Perkins plc  (the "Offeror")  announces today  the
   final results of  its invitation  to eligible holders  of its  outstanding
   £300,000,000 4.50 per cent. Guaranteed Notes due 2023 (ISIN: XS1407695680)
   (the "Notes") to tender their Notes  for purchase by the Offeror for  cash
   up to the Final Acceptance Amount (the "Offer").

   The Offer was  announced on 5  April 2022 and  was made on  the terms  and
   subject to the conditions contained in the tender offer memorandum dated 5
   April 2022 (the "Tender Offer Memorandum"). Capitalised terms used in this
   announcement but not defined have the meanings given to them in the Tender
   Offer Memorandum.

   Final Results

   The Expiration Deadline for  the Offer was 4.00  p.m. (London time) on  12
   April 2022.  As  at the  Expiration  Deadline, £144,589,000  in  aggregate
   principal amount of Notes  was validly tendered  for purchase pursuant  to
   the Offer.

   The Offeror now announces that it has decided to set the Final  Acceptance
   Amount at  £120,000,000  in  aggregate  principal  amount  of  the  Notes.
   Accordingly, it will  accept for  purchase Notes validly  tendered in  the
   Offer subject  to pro  rata scaling  at a  Scaling Factor  of 85.9065  per
   cent., as further described in the Tender Offer Memorandum.

   Pricing for the  Offer took place  at or around  11.00 a.m. (London  time)
   today. A summary of the pricing for the Offer appears below:

   Benchmark Security     Purchase Spread   Purchase Yield     Purchase Price
   Rate
   1.509 per cent.        145 bps           2.9804 per cent.   102.038 per
                                                               cent.

    

   The expected Settlement  Date for the  Offer is 14  April 2022.  Following
   settlement of the Offer, £180,000,000 in aggregate principal amount of the
   Notes will remain outstanding.

   Dealer Managers and Tender Agent

   MUFG  Securities  EMEA   plc  (Telephone:   +44  20   7577  2766;   Email:
    1 liability.management@mufgsecurities.com); and

   NatWest   Markets   Plc   (Telephone:    +44   20   7678   5222;    Email:
   NWMLiabilityManagement@natwestmarkets.com) are acting as Dealer Managers.

   Kroll Issuer Services  Limited (Telephone:  +44 20  7704 0880;  Attention:
   Owen Morris / Illia  Vyshenskyi; Email:  2 travisperkins@is.kroll.com)  is
   acting as Tender Agent.

    

   UK MAR:  This  announcement  is  released  by  the  Offeror  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
   ("MAR") as it forms  part of UK  domestic law by virtue  of the EUWA  ("UK
   MAR"), encompassing information relating to the Offer described above. For
   the purposes of UK  MAR and Article 2  of the binding technical  standards
   published by the Financial Conduct Authority in relation to MAR as regards
   Commission Implementing Regulation  (EU) 2016/1055,  this announcement  is
   made by  Robin  Miller, General  Counsel  & Company  Secretary  of  Travis
   Perkins plc.

   DISCLAIMER: This announcement must be read in conjunction with the  Tender
   Offer Memorandum. The offer  period for the Offer  has now expired and  no
   further tenders of Notes  may be made. No  offer or invitation to  acquire
   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 and/or the Tender Offer Memorandum comes  are
   required by each of the Offeror, the Dealer Managers and the Tender  Agent
   to inform themselves about, and to observe, any such restrictions.

    

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   ISIN:           GB00BK9RKT01
   Category Code:  TEN
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 2.2. Inside information
                   3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   155519
   EQS News ID:    1327533


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:liability.management@mufgsecurities.com
   2. mailto:travisperkins@is.kroll.com


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