Business
Debenture Tender Offer Early Results
Debenture Tender Offer Early Results.
About this update from Great Portland Estates Plc
[{"type":"text","content":"\n \nRNS Number : 7867D Great Portland Estates PLC 02 February 2018 \n\nNOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, 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 OR THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT (SEE \"OFFER AND DISTRIBUTION RESTRICTIONS\" BELOW).\nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n2 February 2018. Great Portland Estates plc (the Offeror) announces today the early results of, and pricing for, its invitation (such invitation, the Offer) to holders of its outstanding £150,000,000 5.625 per cent. First Mortgage Debenture Stock due 2029* (ISIN: GB0004841101) (of which £142,860,000 in nominal amount was outstanding as at the commencement of the Offer) (the Bonds) to tender their Bonds for purchase by the Offeror for cash.\nThe Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 25 January 2018 (the Tender Offer Memorandum) prepared by the Offeror in connection with the Offer, and is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum. Bondholders are advised to read carefully the Tender Offer Memorandum for full details of, and (in the case of Retail Investors (as defined below)) information on the procedures for participating in, the Offer.\nCopies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Receiving Agent, contact details for which are set out below. Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.\n* £100,000,000 of which was issued on 26 January 1999 and a further £50,000,000 of which was issued on 31 January 2007 and consolidated to form a single series with the original issue.\nAcceptance\nThe Offeror announces today that it has decided to accept for purchase all Bonds validly tendered pursuant to t...