Melrose PLC (MRO) - Conditional Redemption of Senior Notes
RNS Number : 4601P
24 October 2012
24 October 2012
ELSTER ANNOUNCES CONDITIONAL REDEMPTION OF ITS €250 MILLION 6.25% SENIOR NOTES
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
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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