Business
Indicative Results of Bond Tender Offers
Indicative Results of Bond Tender Offers.
About this update from Hammerson Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS 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 (THE UNITED STATES) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.\nHAMMERSON PLC ANNOUNCES\nINDICATIVE RESULTS OF TENDER OFFERS IN RESPECT OF ITS\n£350,000,000 3.500 PER CENT. BONDS DUE 2025 (the 2025 BONDS)\nAND\n£300,000,000 6.00 PER CENT. BONDS DUE 2026 (the 2026 BONDS)\n8 September 2023.\nHammerson plc (the Company) announces today the indicative results of its separate invitations to holders of its outstanding (a) £350,000,000 3.500 per cent. Bonds due 2025 (ISIN: XS1311391012) (the 2025 Bonds) and (b) £300,000,000 6.00 per cent. Bonds due 2026 (ISIN: XS0184639895) (the 2026 Bonds and, together with the 2025 Bonds, the Bonds and each a Series) to tender their Bonds for purchase by the Company for cash (each such invitation an Offer and together the Offers).\nThe Offers were announced on 31 August 2023 and were made on the terms and subject to the conditions contained in the tender offer memorandum dated 31 August 2023 (the Tender Offer Memorandum).\nCapitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.\nThe Expiration Deadline for the Offers was 4.00 p.m. (London time) on 7 September 2023.\nNew Issue Condition\nThe Company confirms that the issue of the New Bonds settled on 6 September 2023, and therefore the New Issue Condition has been satisfied.\nExpected Series Acceptance Amounts\nAs at the Expiration Deadline, the Company had received valid tenders for purchase pursuant to the Offers of (i) £96,114,000 in aggregate nominal amount of 2025 Bonds and (ii) £88,392,000 in aggregate nominal ...