ST. MODWEN PROPERTIES PLC (“St. Modwen” or “the Company”)
£80,000,000 6.25 per cent fixed rate bonds due 2019 (ISIN: XS0841076465) issued by the Company on 7 November 2012 (the “Bonds” and the holders thereof, the ‘Bondholders”)
REDEMPTION AT THE OPTION OF THE COMPANY – REDEMPTION PRICE
NOTICE IS HEREBY GIVEN to the Bondholders that, further to the notice given to the Bondholders on 29 October 2018, the Company will fully redeem all of the Bonds outstanding on 30 November 2018 (the “Optional Redemption Date”). The Redemption Price, determined in accordance with Condition 5(c) of the Bonds, is £104.63 per £100 principal amount of the Bonds. Interest accrued to (but excluding) the Optional Redemption Date of £0.40 per £100 principal amount of the Bonds will also be paid to the Bondholders.
Words and expressions used in this Notice, shall, unless defined herein or the context otherwise requires, have the same meaning as in the terms and conditions of the Bonds.
For further information, please contact:
St. Modwen Properties PLC
Rob Hudson, Chief Financial Officer
Kathryn Edwards, Interim Head of Corporate Communications
0121 222 9400
020 3727 1000
This announcement is made by St. Modwen Properties PLC 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 (the “MAR”), encompassing information relating to the optional redemption of the Bonds described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Rob Hudson, Chief Financial Officer of St. Modwen.
DISCLAIMER – INTENDED ADDRESSEES
This announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy shares, the Bonds or other securities of the Issuer (the “Securities”) in any jurisdiction. This announcement and the fact of its distribution is not and should not be seen as an inducement in relation to a decision to purchase Securities.
The contents of this announcement have been prepared by and are the sole responsibility of the Company.