Genel Energy PLC: Result of bond buy-back offer (1746869)
October 12 2023 - 1:00AM
UK Regulatory
Genel Energy PLC (GENL)
Genel Energy PLC: Result of bond buy-back offer
12-Oct-2023 / 07:00 GMT/BST
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY
U.S. PERSON, OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
12 October 2023
Genel Energy plc
Result of bond buy-back offer to bondholders
Genel Energy Holding Company Limited ('the Company'), with reference to the announcement dated 2 October 2023, is
hereby announcing the result of the reverse tender offer ('the Buy-Back Offer') to holders of Genel Energy 4 Finance
plc's ('the Issuer') USD 300 million senior unsecured callable bonds with ISIN NO0010894330 ('the Bonds'). The Company
has accepted offers for USD 16.2 million nominal value of bonds with the Maximum Accepted Price set to 93.5 per cent of
nominal value.
Cash settlement for the Bonds, including accrued interest, is expected to occur on Friday 13 October 2023. Pareto
Securities acted as broker for the Buy-Back Offer.
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Consulting
+44 20 7390 0230
Patrick d'Ancona
Notes to editors:
Genel Energy is a socially responsible oil producer listed on
the main market of the London Stock Exchange (LSE: GENL, LEI:
549300IVCJDWC3LR8F94), with an asset portfolio that positions us
well for a future of fewer and better natural resources projects.
Genel has low-cost and low-carbon production from the Kurdistan
Region of Iraq, and continues to seek opportunities to add new
resilient and cash-generative assets to its portfolio. For further
information, please refer to www.genelenergy.com
DISCLAIMER
The distribution of the Buy-Back Offer to Bondholders in certain
jurisdictions may be restricted by law. Persons into whose
possession the Buy-Back Offer to Bondholders comes are required by
the Company and the Manager for the Buy-Back Offer to inform
themselves about, and to observe, any such restrictions.
United States
The Buy-Back Offer is not being made directly or indirectly in
or into, or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any
facilities of a national securities exchange of, the United States
of America, its territories and possessions, any State of the
United States and the District of Columbia (the 'United States'),
and the Buy-Back Offer will not be capable of acceptance by any
such means, instrumentality or facility. This includes, but is not
limited to, facsimile transmission, internet delivery, email, telex
and telephones. The Buy-Back Offer is not being made to any U.S.
person (as such term is defined pursuant to Regulation S under the
US Securities Act of 1933, as amended (the 'Securities Act').
Copies of this document and any related offering documents are not
being, and must not be, directly or indirectly mailed, emailed or
otherwise transmitted, distributed or forwarded (including, without
limitation, by custodians, nominees or trustees) in or into the
United States or to any persons located or resident in the United
States and may not be electronically accessed by U.S. persons or
from the United States. Any purported acceptance of the Buy-Back
Offer or other offer or agreement to sell Bonds in the Buy-Back
Offer resulting directly or indirectly from a violation of these
restrictions will be invalid, and any purported acceptance of the
Buy-Back Offer and any other offer and/or agreement to sell Bonds
that is post-marked in or otherwise dispatched from, evidences the
use of any means or instrumentality of interstate or foreign
commerce of the United States or is made by a person appearing or
otherwise believed by the Company to be located or resident in the
United States, or any agent, fiduciary or other intermediary acting
on a non-discretionary basis for a principal giving instructions
from within the United States will be invalid and will not be
accepted.
The Company will only accept offers with respect to the Bonds
from a Bondholder or beneficial owner of the Bonds (or any person
acting as agent, custodian, fiduciary or other intermediary
capacity for a Bondholder or beneficial owner) who is not a U.S.
person and who is outside the United States. Each person
participating in the Buy-Back Offer will represent that it or any
beneficial owner of the Bonds or any person on whose behalf such
person is acting is not a U.S. person or a resident and/or located
in the United States and will not be resident and/or located in the
United States at the time of the submission of its offer pursuant
to the Buy-Back Offer.
United Kingdom
The information contained in this Buy-Back Offer does not
constitute an invitation or inducement to engage in investment
activity within the meaning of the United Kingdom Financial
Services and Markets Act 2000 ('FSMA'). In the United Kingdom, this
announcement is being distributed only to, and is directed only at
(i) persons who have professional experience, knowledge and
expertise in matters relating to investments and are 'investment
professionals' for the purposes of Article 19(5) of the FSMA
(Financial Promotions) Order 2005 (the 'FPO')), (ii) persons who
are certified high net worth individuals for the purposes of
Article 48 of the FPO or (iii) any other persons to whom it may
otherwise lawfully be made under the FPO (all such persons together
being referred to as 'relevant persons'). This announcement and the
Buy-Back to Bondholders is directed only at relevant persons and
must not be acted on or relied on by persons who are not relevant
persons.
General
This announcement is neither an offer to purchase nor the
solicitation of an offer to sell any of the securities described
herein, nor shall there be any offer or sale of such securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful. The Buy-Back Offer is made solely pursuant to the
Buy-Back Offer to Bondholders dated 2 October 2023.
This announcement must be read in conjunction with the Buy-Back
Offer to Bondholders. This announcement and the Buy-Back Offer to
Bondholders contain important information which should be read
carefully before any decision is made with respect to the Buy-Back
Offer. If any Bondholder is in any doubt as to the action it should
take, it is recommended that such Bondholder seek its own financial
and legal advice, including as to any tax consequences, immediately
from its stockbroker, bank manager, solicitor, accountant or other
independent financial or legal adviser. Any individual or company
whose Bonds are held on its behalf by a broker, dealer, bank,
custodian, trust company or other nominee or intermediary must
contact such entity if it wishes to offer Bonds in the Buy-Back
Offer. None of the Company or the Manager makes any recommendation
as to whether Bondholders should participate in the Buy-Back
Offer.
This announcement contains forward-looking statements and
information that is necessarily subject to risks, uncertainties,
and assumptions. No assurance can be given that the transactions
described herein will be consummated or as to the terms of any such
transactions. The Company assumes no obligation to update or
correct the information contained in this announcement.
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Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 277464
EQS News ID: 1746869
End of Announcement EQS News Service
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