HSBC Bank plc Pre Stabilisation Notice
February 06 2024 - 4:59AM
RNS Regulatory News
RNS Number : 1946C
HSBC Bank plc
06 February 2024
6th February
2024
Kier Group plc
Pre Stabilisation
Notice
HSBC (contact: syndexecution@noexternalmail.hsbc.com)
hereby gives notice, as Stabilisation Coordinator,
that the Stabilisation Manager(s) named below may stabilise the
offer of the following securities
The
securities:
|
Issuer:
|
Kier Group
plc
|
Guarantor
(if any):
|
na
|
Aggregate
nominal amount:
|
GBP
250,000,000
|
Description:
|
Fixed
5yr
|
Offer
price:
|
TBC
|
Other offer
terms:
|
|
Stabilisation:
|
Stabilising
Manager(s):
|
HSBC Bank
plc, Natwest Markets, Lloyds Bank Corporate Markets, IMI - Intesa
Sanpaolo
|
Stabilisation period expected to start on:
|
8th February 2024
|
Stabilisation period expected to end no later than:
|
15th March 2024
|
Existence,
maximum size & conditions of use of over-allotment
facility[1]:
|
5% of the
aggregate nominal amount
|
Stabilisation Venue(s)
|
Over the
counter (OTC)
|
In connection with the offer of the
above securities, the Stabilisation Manager(s) may over-allot the
securities or effect transactions with a view to supporting the
market price of the securities at a level higher than that which
might otherwise prevail. However, there is no assurance that the
Stabilisation Manager(s) will take any stabilisation action and any
stabilisation action, if begun, may be ended at any time. Any
stabilisation action or over-allotment shall be conducted in
accordance with all applicable laws and rules.
This announcement is for information
purposes only and does not constitute an invitation or offer to
underwrite, subscribe for or otherwise acquire or dispose of any
securities of the Issuer in any jurisdiction.
In addition, if and to the extent
that this announcement is communicated in, or the offer of the
securities to which it relates is made in, any EEA Member State
before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in
that Member State in accordance with the Regulation (EU) 2017/1129
(the "Prospectus Regulation") (or which has been approved by a
competent authority in another Member State and notified to the
competent authority in that Member State in accordance with the
Prospectus Regulation), this announcement and the offer are only
addressed to and directed at persons in that Member State who are
qualified investors within the meaning of the Prospectus Regulation
(or who are other persons to whom the offer may lawfully be
addressed) and must not be acted on or relied on by other persons
in that Member State.
This announcement and the offer of
the securities to which it relates are only addressed to and
directed at persons outside the United Kingdom and persons in the
United Kingdom who have professional experience in matters related
to investments or who are high net worth persons within article
12(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom.
This announcement is not an offer of
securities for sale into the United States. The securities have not
been, and will not be, registered under the United States
Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an exemption from registration. There
will be no public offer of securities in the United
States.
[1] Please note that the
existence and the maximum size of any greenshoe option, the
exercise period of the greenshoe option and any conditions for
exercise of the greenshoe option must also be disclosed, if such
option exists. In addition, the exercise of the greenshoe option
must be disclosed to the public promptly, together with all
appropriate details, including in particular the date of exercise
and the number and nature of securities involved
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END
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