Urban Exposure plc: Launch of 6.5 % secured sterling bonds due 2026 (841459)
July 15 2019 - 11:55AM
UK Regulatory
Urban Exposure plc (UEX)
Urban Exposure plc: Launch of 6.5 % secured sterling bonds due 2026
15-Jul-2019 / 17:55 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.
15 July 2019
The information contained herein may only be released, published or
distributed in the United Kingdom, the Republic of Ireland, the Isle of Man,
Jersey and the Bailiwick of Guernsey in accordance with applicable
regulatory requirements. The information contained herein is not for
release, publication or distribution in or into the United States,
Australia, Canada, Japan, South Africa or in any other jurisdiction where it
is unlawful to distribute this document.
This announcement is released by Urban Exposure Finance Plc and contains
inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR).
MiFID II retail investors, professional investors and ECPs target market -
Manufacturer target market (MIFID II product governance) is eligible
counterparties and professional clients (all distribution channels) and also
retail clients (all distribution channels).
SEE "IMPORTANT INFORMATION" BELOW
URBAN EXPOSURE PLC
URBAN EXPOSURE FINANCE PLC
LAUNCH OF 6.5 % SECURED STERLING BONDS DUE 2026
Urban Exposure Finance Plc (the "Company"), a wholly owned subsidiary of
Urban Exposure Plc ("Urban Exposure"), the specialist residential
development finance and asset management company, announces that it has
today launched an offer of 6.5% sterling bonds due 6 August 2026 (the
"Bonds").
The Bonds are available to retail investors and are being issued by the
Company to originate loans which fulfil certain eligibility criteria, as
more particularly described in the base prospectus dated 15 July 2019.
The Bonds will bear a fixed rate of interest of 6.5% per annum. Interest
will be payable semi-annually in arrear in equal instalments. At any time
during the life of the Bonds, investors are permitted to sell the Bonds
(within market hours and in normal market conditions) on the open market
through their stockbroker. The Bonds will be guaranteed by Urban Exposure.
The Bonds are expected to be listed on the Official List of the UK Listing
Authority and admitted to trading on the regulated market of the London
Stock Exchange. The Bonds are also expected to be eligible for the London
Stock Exchange's electronic Order Book for Fixed Income Securities.
Peel Hunt LLP is acting as Sole Lead Manager on this issue.
The Authorised Offerors are:
· AJ Bell Securities Limited
· Equiniti Financial Services Limited
· Redmayne-Bentley LLP
The Bonds have a minimum initial subscription amount of GBP2,000 and are
available in multiples of GBP100 thereafter.
The offer period is now open and is expected to close at 12pm (London time)
on 30 July 2019. The Sole Lead Manager retains the right to close the offer
early, in conjunction with the Issuer.
For further information, please contact:
Urban Exposure Plc Tel: +44 (0) 845 643 2173
Randeesh Sandhu, CEO
Sam Dobbyn, CFO Tel: +44 (0) 20 7418 8900
Peel Hunt LLP (Sole Lead Manager)
Patrick King
Scott Beattie
MHP Communications (Financial Public Tel: +44 (0) 20 3128 8100
Relations)
Charlie Barker
Patrick Hanrahan
Sophia Samaras
About Urban Exposure
Urban Exposure Plc is a specialist residential development finance and asset
management company that has been formed to provide finance for UK real
estate development loans. Urban Exposure Plc focuses on two main revenue
streams: interest and fees generated on principal lending from its own
balance sheet; and asset management income generated from managing and
servicing real estate development loans financed by third parties.
About the Bonds
· The Bonds may not be suitable for all investors. Investors should ensure
they fully understand the risks and seek independent financial advice.
· Investors should note that the market price of the Bonds can rise and
fall during the life of the investment and the price of the Bonds could
fall below the issue price of GBP100.
· In the event that the company or Urban Exposure becomes insolvent or
goes out of business, investors may lose some or all of their investment.
IMPORTANT INFORMATION
This announcement is an advertisement and is not a prospectus for the
purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the
Financial Services and Markets Act 2000 (the "FSMA"). A base prospectus
dated 15 July 2019 (the "Base Prospectus"), together with the final terms
dated 15 July 2019 (the "Final Terms"), have been prepared and made
available to the public as required by Part VI of the FSMA. Investors should
not subscribe for any Bonds referred to in this announcement except on the
basis of information in the Prospectus and Final Terms, taken together. Full
information on Urban Exposure Plc, Urban Exposure Finance Plc and the offer
of the Bonds is only available on the basis of the combination of the Base
Prospectus and the Final Terms which have been published by the Issuer on
the Regulatory News Service operated by the London Stock Exchange ("RNS"),
and an announcement expected to be published on or around 30 July 2019 by
the Issuer on RNS setting out the aggregate principal amount of the Bonds to
be issued (the "Sizing Announcement"). Investors may obtain copies of the
Base Prospectus, Final Terms and the Sizing Announcement (once published) on
the website of RNS.
The restriction on financial promotions contained in section 21(1) of the
Financial Services and Markets Act 2000 does not apply to this announcement
by virtue of article 70(1A) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended.
The offering and the distribution of this announcement and other information
in connection with any offer in certain jurisdictions may be restricted by
law and persons into whose possession this announcement or any document or
other information referred to herein comes should inform themselves about
and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction.
This announcement does not constitute or form part of any offer or
invitation to sell, or any solicitation of any offer to purchase any Bonds.
Any purchase of Bonds pursuant to any offer should only be made on the basis
of the information contained in the Prospectus, available as described
above.
The Bonds have not been and will not be registered under the United States
Securities Act of 1933 (as amended) (the "Securities Act") and, subject to
certain exceptions, may not be offered, sold or delivered within the United
States or to or for the account or benefit of United States persons. The
Bonds are being offered and sold outside of the United States in reliance on
Regulation S of the Securities Act
ISIN: GB00BFNSQ303
Category Code: MSCM
TIDM: UEX
LEI Code: 213800Q7WLHGIHUFBT43
Sequence No.: 13478
EQS News ID: 841459
End of Announcement EQS News Service
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July 15, 2019 12:55 ET (16:55 GMT)
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