Business
Tender Offer re Notes due 2023
Tender Offer re Notes due 2023.
About this update from Vanquis Banking Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 9114U\n Provident Financial PLC\n 03 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 (SEE \"OFFER AND DISTRIBUTION RESTRICTIONS\" BELOW)\n \n \n \n \n \n \n \n 3 August 2020\n \n PROVIDENT FINANCIAL PLC\n announces a tender offer to the holders of its outstanding\n £250,000,000 7.00 per cent. Notes due 2023\n Provident Financial plc (the \"Company\") announces today an 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 is being 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 and is subject to the offer restrictions set out below under the heading \"Offer and Distribution Restrictions\" and as more fully described in the Tender Offer Memorandum.\n For detailed terms of the Offer, please refer to the Tender Offer Memorandum, copies of which are (subject to distribution restrictions) available from the Tender Agent as set out below.\n Capitalised terms used in this announcement but not defined herewith have the meanings given to them in the Tender Offer Memorandum. Details of the Notes are set out in the table below:\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 Amount\n \n \n \n \n \n \n Minimum Purchase Price\n \n \n \n \n \n \n Purchase Price\n \n \n \n \n \n \n Maximum Acceptance Amount\n \n \n \n \n \n \n \n £250,000,000\n \n \n 7.000 per cent. Notes due 2023\n \n \n \n \n XS1827005411/182700541\n \n \n \n \n £250,000,000\n \n \n \n \n 94 per cent. of the nominal amo...