TIDMAAL TIDM38JO
RNS Number : 8838H
Anglo American PLC
15 March 2018
Anglo American Capital plc announces final results and pricing
of Tender Offers for certain of its Notes
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES
AND POSSESSIONS) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL
TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "DISTRIBUTION RESTRICTIONS"
BELOW)
15 March 2018.
Further to its indicative results announcement earlier today,
Anglo American Capital plc(1) (the "Company") announces the final
results and pricing of its invitations to holders of such of its
outstanding notes as are listed below (together, the "Notes") to
tender to the Company for purchase by the Company for cash (the
"Tender Offers") for an aggregate consideration of up to the Total
Funds Available, in each case upon the terms and subject to the
conditions set out in the tender offer memorandum dated 7 March
2018 (the "Tender Offer Memorandum") prepared by the Company. The
Tender Offers expired at 16:00 hours (London time) on 14 March
2018. Capitalised terms used but not defined in this announcement
have the meanings given to them in the Tender Offer Memorandum.
The Company hereby announces it will accept for purchase all
validly tendered Notes pursuant to the Tender Offers on the basis
of the Series Acceptance Amounts for each series of Notes set out
in the table below, which also includes the relevant Purchase
Price, the relevant Purchase Yield, Accrued Interest and, in
respect of the Fixed Spread Notes accepted for purchase, the
relevant Reference Rate:
Notes ISIN Reference Purchase Purchase Purchase Series Pro-Rating Accrued Aggregate
Rate Yield Spread Price Acceptance Factor Interest nominal amount
Amounts outstanding
after the
Settlement
Date
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR750,000,000
2.750 per cent.
Notes due 7
June 2019 103.605 2.14726
(the "Notes due -0.2 per per per
June 2019") XS0789283792 N.A. cent. N.A. cent. EUR78,075,000 N.A. cent. EUR279,421,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR600,000,000
1.500 per cent.
Notes due 1
April 2020 103.053 1.44658
(the "Notes due 0.0 per per per
April 2020") XS1211292484 N.A. cent. N.A. cent. EUR66,769,000 N.A. cent. EUR138,600,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR600,000,000
2.875 per cent.
Notes due 20
November 2020 107.598 0.93733
(the "Notes due -0.018 per 0.032 per per per
November 2020") XS0995040051 cent. cent. 5 bps cent. EUR73,742,000 N.A. cent. EUR280,535,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
EUR750,000,000
2.500 per cent.
Notes due 29
April 2021 (the 107.340 2.21918
"Notes due 0.065 per 0.135 per per per
April 2021") XS0923361827 cent. cent. 7 bps cent. EUR372,181,000 N.A. cent. EUR377,819,000
----------------- -------------- ----------- ---------- ---------- ---------- --------------- ----------- --------- ---------------
The aggregate nominal amount of validly tendered Notes the
Company will therefore accept for purchase pursuant to the Tender
Offers is EUR590,767,000 (US$728,917,863 equivalent).
Settlement
Settlement of the Tender Offers and payment of the Tender
Consideration in respect of Notes accepted for purchase is expected
to take place on 19 March 2018.
Notes that have not been tendered or accepted for purchase
pursuant to the Tender Offers will remain outstanding.
Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A.,
HSBC Bank plc and SMBC Nikko Capital Markets Limited are acting as
Joint Dealer Managers for the Tender Offers and Lucid Issuer
Services Limited is acting as Tender Agent.
JOINT DEALER MANAGERS
Banco Bilbao Vizcaya Argentaria, Banco Santander, S.A.
S.A.
44(th) Floor, One Canada Ciudad Grupo Santander
Square Edificio Encinar
London E14 5AA Avenida de Cantabaria,
s/n 28660 Boadilla del
Monte
United Kingdom Madrid
Spain
Tel: +44 20 7648 7516 Tel: +44 20 7756 6909/
+44 20 7756 6646
Attention: Liability Management Attention: Liability Management
Email: liabilitymanagement@bbva.com Email: tommaso.grospietro@santandergcb.com/
King.Cheung@santandergcb.com
HSBC Bank plc SMBC Nikko Capital Markets
Limited
8 Canada Square One New Change
London E14 5HQ London EC4M 9AF
United Kingdom United Kingdom
Tel: +44 20 7992 6237 Tel: +44 20 3527 7545
Attention: Liability Management Attention: Liability Management
Group
Email: LM_EMEA@hsbc.com Email: chatterjee@smbcnikko-cm.com
THE TENDER AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: +44 20 7704 0880
Attention: David Shilson / Alexander Yangaev
Email: angloamerican@lucid-is.com
This announcement is released by Anglo American Capital plc and
contains inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) 596/2014 (MAR), encompassing
information relating to the Tender Offers described above. For the
purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is made by John Mills (Group
Company Secretary) at Anglo American Capital plc.
DISCLAIMER
Subject to applicable law, the Company or any of its affiliates
may at any time following completion of the Tender Offers purchase
remaining outstanding Notes by tender, in the open market, by
private agreement or otherwise on such terms and at such prices as
the Company, or if applicable, its affiliates may determine. Such
terms, consideration and prices may be more or less favourable than
those offered pursuant to the Tender Offers.
This announcement must be read in conjunction with the Tender
Offer Memorandum. If any Noteholder is in any doubt as to the
content of this announcement or the Tender Offer Memorandum or the
action it should take, it is recommended to seek its own financial
advice, including in respect of any tax consequences, from its
broker, bank manager, solicitor, accountant or other independent
financial, tax or legal adviser.
DISTRIBUTION RESTRICTIONS
The distribution of this announcement and/or 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 Company, the
Joint Dealer Managers and the Tender Agent to inform themselves
about, and to observe, any such restrictions. Neither this
announcement nor the Tender Offer Memorandum constitutes an offer
to buy or the solicitation of an offer to sell Notes or an
invitation to participate in the Tender Offers.
(1) (LEI TINT358G1SSHR3L3PW36)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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