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Aroundtown SA (IRSH)
Aroundtown SA announces the results of the offer to the holders of its
outstanding EUR600,000,000 1.5% Notes due 2022 to tender such Notes for
purchase for cash
31-Jan-2018 / 13:54 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*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
(THE 'UNITED STATES') OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN
ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH OR DISTRIBUTE THIS
DOCUMENT.*
*AROUNDTOWN ANNOUNCES THE RESULTS OF THE OFFER TO THE HOLDERS OF ITS
OUTSTANDING EUR600,000,000 1.5% NOTES DUE 2022 TO TENDER SUCH NOTES FOR
PURCHASE FOR CASH*
_31 January 2018_.
Aroundtown SA (the '*Company*') announces today the result of the offer to
the holders of its EUR600,000,000 1.5% Notes due 2022 (ISIN: XS1403685636)
(the '*Notes*') to tender any and all such Notes for purchase by the Company
for cash (the '*Offer*').
The Offer was announced on 24 January 2018 and was subject to the terms and
conditions set out in the tender offer memorandum dated 24 January 2018 (the
'*Tender Offer Memorandum*') prepared by the Company. Capitalised terms used
in this announcement but not defined have the meanings given to them in the
Tender Offer Memorandum.
An aggregate principal amount of EUR 319,000,000 of the Notes was validly
tendered for purchase in the Offer. The Company accepted for purchase all
Notes validly tendered on the terms set out in the following table:
*Description *ISIN/Common *Interpolated *Purchase *Purchase
of the * Mid-Swap * Yield *Purchase
Notes* *Code* Rate* *Spread* (annual)* Price**
EUR 0.557 per 103.938
600,000,000 XS1403685636 cent. per cent.
1.500 per / 0.327 per 23 bps of the
cent. 140368563 cent. principal
Notes due amount
2022
* Excluding any accrued interest.
The settlement of the Offer is expected to take place on 5 February 2018.
Following the settlement of the Offer, an aggregate principal amount of EUR
281,000,000 of the Notes will remain outstanding.
The Company might further purchase Notes in the open market or otherwise. If
purchases (and corresponding cancellations) and/or redemptions have been
effected in respect of 80 per cent or more in aggregate principal amount of
the Notes, the Company will consider to exercise its option under the terms
and conditions of the Notes to redeem any outstanding Notes at their
principal amount together with accrued but unpaid interest, if any.
*About the Company*
Aroundtown SA (trading symbol: AT1 on the regulated market (Prime Standard)
of the Frankfurt Stock Exchange) is a specialist real estate company with a
focus on value-add and income generating properties primarily in the
German/NL real estate markets. Aroundtown SA (ISIN: LU1673108939) is a
public limited liability company (_société anonyme_) established under the
laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade
and Companies Register (_Registre de Commerce et des Sociétés, Luxembourg_)
under number B217868, having its registered office at 1, Avenue du Bois,
L-1251 Luxembourg, Grand Duchy of Luxembourg.
*Contact *
Timothy Wright
T: +352 285 7741
E: info@aroundtownholdings.com
www.aroundtownholdings.com [1]
*DISCLAIMER *
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION
OF AN OFFER TO BUY ANY SECURITIES.
THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT
BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE *SECURITIES ACT*), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES
ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED
STATES.
THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED
KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING
TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND
MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE *ORDER*), (II) HIGH
NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE
COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO
WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER
BEING REFERRED TO AS *RELEVANT PERSONS*). THIS COMMUNICATION MUST NOT BE
READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY
INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS
AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT
PERSONS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (*EEA*), THIS ANNOUNCEMENT
AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE
'QUALIFIED INVESTORS' WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE
2003/71/EC, AS AMENDED (THE *PROSPECTUS DIRECTIVE*) (*QUALIFIED INVESTORS*).
ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN
*INVESTOR*) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO
HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR
WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES
ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN
THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN
ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE
THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR ANY OF
THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS
DIRECTIVE.
THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND
OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE
FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH
STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO
RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN
SA. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF
FACTORS.
ISIN: LU1673108939, XS1508392625, XS1227093611, XS1336607715,
XS1403685636, XS1449707055, XS1532877757, XS1540071724,
XS1586386739, XS1649193403, XS1634523754
Category Code: MSCL
TIDM: IRSH
LEI Code: 529900H4DWG3KWMBMQ39
Sequence No.: 5170
End of Announcement EQS News Service
650113 31-Jan-2018
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4345d7aea553619c4df169c105a35861&application_id=650113&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 31, 2018 07:54 ET (12:54 GMT)
