Business
Debenture Tender Offer Final Results
Debenture Tender Offer Final Results.
About this update from Great Portland Estates Plc
[{"type":"text","content":"\n \nRNS Number : 1267F Great Portland Estates PLC 16 February 2018 \n\n -NOT 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.\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.\n16 February 2018. Great Portland Estates plc (the Offeror) announces today the final results of 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 was announced on 25 January 2018 and was 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. 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.\nFinal Results\nThe Expiration Deadline for the Offer was 5.00 p.m. (London time) on 15 February 2018. As at the Expiration Deadline, the Offeror had received valid tenders of £120,967,139 in aggregate nominal amount of the Bonds (of which £120,952,139 in nominal amount of Bonds was validly tendered by the Non-Retail Tender Deadline and £15,000 in nominal amount of Bonds was validly tendered after the Non-Retail Tender Deadline but by the Expiration Deadline) and all such Bonds have been accepted by the Offeror for purchase pursuant to the Offer at a Purchase Price of 131.884 per cent. of the nominal amount of the relevant Bonds. The Offeror will also pay Ac...