Melrose PLC MRO Conditional Redemption of Senior Notes

  Melrose PLC (MRO) - Conditional Redemption of Senior Notes

RNS Number : 4601P
Melrose PLC
24 October 2012

24 October 2012


                                 MELROSE PLC


                                   DUE 2018

Melrose PLC's subsidiary, Elster Group  SE ("Elster") today 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  21  April  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.

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  28 
November 2012, if the Condition is satisfied.

The paying agent for the Notes is Deutsche Bank AG, London Branch.

This announcement is for information purposes only and is neither an offer  to 
purchase nor  a solicitation  of an  offer to  buy, sell,  issue or  subscribe 



Financial PR
Nick Miles/Ann-marie Wilkinson/Andrew Benbow +44 (0)20 7920 2330

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCEALELADFAFFF -0- Oct/24/2012 15:54 GMT
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