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Great Portland Estates Debenture Tender Offer
Great Portland Estates Debenture Tender Offer.
About this update from Great Portland Estates Plc
[{"type":"text","content":"\n \nRNS Number : 8589C Great Portland Estates PLC 25 January 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.\n25 January 2018. Great Portland Estates plc (the Offeror) announces today an invitation to holders of its outstanding £150,000,000 5.625 per cent. First Mortgage Debenture Stock due 2029 (£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) (ISIN: GB0004841101) (the Bonds) to tender their Bonds for purchase by the Offeror for cash (such invitation, the Offer).\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 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.\nA summary of certain terms of the Offer along with hypothetical pricing appears below:\n\n\n\n\nDescription\nof Bonds\n\n\nISIN\n\n\nOutstanding\nnominal amount\n\n\nBenchmark Security*\n\n\nPurchase Spread*\n\n\nHypothetical Purchase Price**\n\n\nAmount\nsubject to\nthe Offer\n\n\n\n\n£150,000,000 5.625 per cent...