Business
Final Results of Tender Offer
Final Results of Tender Offer.
About this update from Vanquis Banking Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 7935V\n Provident Financial PLC\n 11 August 2020\n \n \n \n NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT 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 AND THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT\n 11 August 2020\n \n PROVIDENT FINANCIAL PLC\n announces the final results of the tender offer in relation to its\n £250,000,000 7.00 per cent. Notes due 2023\n \n \n \n Further to its announcement on 3 August 2020, Provident Financial plc (the \"Company\") hereby announces the final results of the invitation to holders of its £250,000,000 7.00 per cent. Notes due 2023 (ISIN: XS1827005411) unconditionally and irrevocably guaranteed by each of, Provident Financial Management Services Limited, Provident Personal Credit Limited, Duncton Group Limited, Moneybarn Group Limited and Moneybarn No.1 Limited (the \"Notes\") to tender such Notes for purchase by the Company for cash (the \"Offer\"). The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 3 August 2020 (the \"Tender Offer Memorandum\") prepared by the Company.\n Capitalised terms used in this announcement but not defined herewith have the meanings given to them in the Tender Offer Memorandum.\n The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 10 August 2020.\n As at the Expiration Deadline, £129,035,000 in aggregate principal amount of Notes had been validly tendered pursuant to the Offer.\n The Company hereby announces that it has decided to accept for purchase an aggregate principal amount of Notes amounting to £75,000,000. The pro-ration factor is 67.35 per cent., and is only applicable to Tender Instructions received that are equal to the Purchase Price.\n The Purchase Price the Company will pay for those Notes accepted for purchase pursuant to the Offer is 96.900 per cent. of the nominal amount of Notes. The Offeror will also pay Accrued Interest in respect of such Notes.\n \n \n \n \n \n \n Description of the Notes\n \n \n \n \n \n \n ISIN/ Common Code\n \n \n \n \n \n \n Outstanding Principal...