REG - Workspace Grp PLC - Notice of early redemption

WorkspaceAnnouncement

10/08/2018 07:05

RNS Number : 4411X
Workspace Group PLC
10 August 2018
 


RNS ANNOUNCEMENT
Not for distribution, directly or indirectly, in or into the United States



Notice of early redemption by Workspace Group PLC (the "Issuer") in respect of its issuance of £57,500,000 million 6.00 per cent fixed rate bonds due 2019 (the "Bonds")
Workspace Group PLC has decided to exercise its option to redeem early all of the outstanding Bonds. Set out below are details of the notice of redemption, which is also being given to Bondholders in accordance with the terms and conditions of the Bonds.
Notice of redemption:
WORKSPACE GROUP PLC (the "Issuer")
£57,500,000 million 6.00 per cent fixed rate bonds due 2019 (ISIN: XS0832324981) (the "Bonds") issued by the Issuer on 9 October 2012
NOTICE OF EARLY REDEMPTION
NOTICE IS HEREBY GIVEN to the Bondholders in accordance with the terms and conditions of the Bonds (the "Conditions") that the Issuer will redeem all of the Bonds then outstanding on 10 September 2018 (the "Optional Redemption Date") at the Redemption Price, to be calculated on 6 September 2018 as specified in Condition 5(c) of the Conditions (Redemption at the Option of the Issuer).
Following such redemption, the Bonds will be cancelled and there will be no Bonds outstanding. The Issuer intends to complete any formalities relating to the delisting of the Bonds from the London Stock Exchange as soon as possible following the redemption of the outstanding Bonds on the Optional Redemption Date.
Capitalised terms used in this notice shall have the same meanings as those ascribed to them in the Conditions.
By WORKSPACE GROUP PLC
Dated: 10 August 2018
 
For further information, please contact:
Workspace Group PLC
Clare Marland, Head of Corporate Communications                                            020 7138 3300
This announcement is made by Workspace Group PLC 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 (the "MAR"), encompassing information relating to the optional redemption of the Bonds described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Graham Clemett, Director of Workspace Group PLC.
DISCLAIMER - INTENDED ADDRESSEES
This announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy shares, the Bonds or other securities of the Issuer (the "Securities") in any jurisdiction. This announcement and the fact of its distribution is not and should not be seen as an inducement in relation to a decision to purchase Securities.
The contents of this announcement have been prepared by and are the sole responsibility of the Issuer.
 
 
 
 




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