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Travis Perkins (TPK)
13-Apr-2022 / 08:58 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 INDICATIVE 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
indicative 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.
Indicative 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.
In the event the Offeror decides to accept valid tenders of Notes pursuant
to the Offer, it expects to set the Final Acceptance Amount at
approximately £120,000,000 in aggregate principal amount of Notes. On the
basis of such expected Final Acceptance Amount, the Offeror expects to
accept for purchase Notes validly tendered in the Offer subject to pro
rata scaling at a Scaling Factor of approximately 85.9 per cent., as
further described in the Tender Offer Memorandum.
Holders should note that this is a non-binding indication of the level at
which the Offeror expects to set the Final Acceptance Amount and the
Scaling Factor.
Pricing for the Offer will take place at or around 11 a.m. (London time)
today (the "Pricing Time"). As soon as reasonably practicable after the
Pricing Time, the Offeror will announce whether it will accept valid
tenders of Notes for purchase pursuant to the Offer and, if so accepted,
the Final Acceptance Amount, the Benchmark Security Rate, the Purchase
Yield, the Purchase Price and final details of any pro rata scaling, as
further described in the Tender Offer Memorandum.
The expected Settlement Date for the Offer is 14 April 2022.
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: 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.: 155502
EQS News ID: 1327405
End of Announcement EQS News Service
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References
Visible links
1. mailto:LM_EMEA@hsbc.com
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