Elster Announces Conditional Redemption Of Its Euro 250 Million 6.25% Senior
Notes Due 2018
ESSEN, Germany, Oct. 24, 2012
ESSEN, Germany, Oct. 24, 2012 /PRNewswire/ -- Today, Elster announced that it
has given notice of its intention to redeem in full (the "Redemption") €250
million in aggregate principal amount of its 6.25% Senior Notes due 2018 (the
"Notes") (Regulation S Notes: Common Code 061702750, ISIN XS0617027502, Rule
144A Notes: Common Code 061702784, ISIN XS0617027841), at the applicable
makewhole price pursuant to the Indenture dated April 21, 2011 (the
"Indenture"), plus accrued and unpaid interest. The Redemption will be
conditional upon the admission of the Ordinary Shares of New Melrose PLC
(company number 8243706; to be renamed "Melrose PLC") to listing on the
premium segment of the Official List maintained by the United Kingdom Listing
Authority and to trading on the main market of the London Stock Exchange (the
"Condition"). At the time of such admission New Melrose PLC will be the
ultimate holding company of the Company.
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The Redemption may be revoked if the Condition is not satisfied. The
Redemption is being made pursuant to the makewhole redemption provisions of
the Indenture and the applicable redemption price will be payable on November
28, 2012, if the Condition is satisfied.
The paying agent for the Notes is Deutsche Bank AG, London Branch.
This announcement is neither an offer to purchase nor a solicitation of an
offer to sell securities. The redemption is made solely by means of the
Elster is one of the world's largest electricity, gas and water measurement
and control providers. Its offerings include distribution monitoring and
control, advanced Smart Metering, demand response, networking and software
solutions, and numerous related communications and services – key components
for enabling consumer choice, operational efficiency and conservation. Its
products and solutions are widely used by utilities in the traditional and
emerging Smart Grid markets.
Elster has one of the most extensive installed revenue measurement bases in
the world, with more than 200 million metering devices deployed over the
course of the last 10 years. It sells its products and services in more than
130 countries across electricity, gas, water and multi-utility applications
for residential, commercial and industrial, and transmission and distribution
For more information about Elster, please visit www.elster.com and follow us
on Twitter at www.elster.com/twitter.
Contact: Thomas Preute, Chief Legal Officer, email@example.com,
+49-201-54-58-170, or Niklas Nollenburg, Senior Legal Counsel,
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