DJ Travis Perkins: Final Results of Tender Offer
Travis Perkins (TPK) 13-Apr-2022 / 11:48 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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TRAVIS PERKINS PLC ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER FOR ITS OUTSTANDING GBP300,000,000 4.50 PER CENT. GUARANTEED NOTES DUE 2023
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
NOT FOR RELEASE, PUBLICATION OR 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 OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
13 April 2022. Travis Perkins plc (the "Offeror") announces today the final results of its invitation to eligible holders of its outstanding GBP300,000,000 4.50 per cent. Guaranteed Notes due 2023 (ISIN: XS1407695680) (the "Notes") to tender their Notes for purchase by the Offeror for cash up to the Final Acceptance Amount (the "Offer").
The Offer was announced on 5 April 2022 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 April 2022 (the "Tender Offer Memorandum"). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
Final Results
The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 12 April 2022. As at the Expiration Deadline, GBP144,589,000 in aggregate principal amount of Notes was validly tendered for purchase pursuant to the Offer.
The Offeror now announces that it has decided to set the Final Acceptance Amount at GBP120,000,000 in aggregate principal amount of the Notes. Accordingly, it will accept for purchase Notes validly tendered in the Offer subject to pro rata scaling at a Scaling Factor of 85.9065 per cent., as further described in the Tender Offer Memorandum.
Pricing for the Offer took place at or around 11.00 a.m. (London time) today. A summary of the pricing for the Offer appears below:
Benchmark Security Rate Purchase Spread Purchase Yield Purchase Price 1.509 per cent. 145 bps 2.9804 per cent. 102.038 per cent.
The expected Settlement Date for the Offer is 14 April 2022. Following settlement of the Offer, GBP180,000,000 in aggregate principal amount of the Notes will remain outstanding.
Dealer Managers and Tender Agent
MUFG Securities EMEA plc (Telephone: +44 20 7577 2766; Email: liability.management@mufgsecurities.com); and
NatWest Markets Plc (Telephone: +44 20 7678 5222; Email: NWMLiabilityManagement@natwestmarkets.com) are acting as Dealer Managers.
Kroll Issuer Services Limited (Telephone: +44 20 7704 0880; Attention: Owen Morris / Illia Vyshenskyi; Email: travisperkins@is.kroll.com) is acting as Tender Agent.
UK MAR: This announcement is released by the Offeror and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the EUWA ("UK MAR"), encompassing information relating to the Offer described above. For the purposes of UK MAR and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Robin Miller, General Counsel & Company Secretary of Travis Perkins plc.
DISCLAIMER: This announcement must be read in conjunction with the Tender Offer Memorandum. The offer period for the Offer has now expired and no further tenders of Notes may be made. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.
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ISIN: GB00BK9RKT01
Category Code: TEN
TIDM: TPK
LEI Code: 2138001I27OUBAF22K83
OAM Categories: 2.2. Inside information
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 155519
EQS News ID: 1327533
End of Announcement EQS News Service
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(END) Dow Jones Newswires
April 13, 2022 06:49 ET (10:49 GMT)
