TIDM95BM
RNS Number : 9309Y
Sampo PLC
09 September 2022
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO
ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS
TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF
COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL
TO DISTRIBUTE THIS ANNOUNCEMENT
SAMPO PLC STOCK EXCHANGE RELEASE 9 September 2022 at 10.00
am
Sampo plc announces indicative results of its cash tender offers
in respect of its outstanding EUR 500,000,000 1.625 per cent. Notes
due 21 February 2028, EUR 500,000,000 2.250 per cent. Notes due 27
September 2030, EUR 500,000,000 1.250 per cent. Notes due 30 May
2025 and EUR 750,000,000 1.00 per cent. Notes due 18 September
2023
This announcement is released by Sampo plc and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of Regulation (EU) No.
596/2014 on market abuse as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended ("UK MAR"), encompassing information relating to the
2028 Notes, the 2030 Notes, the 2025 Notes and the 2023 Notes
described above (each as defined below). For the purposes of UK MAR
and Article 2 of the Commission Implementing Regulation (EU)
2016/1055 as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended, this announcement
is made by Sami Taipalus, the Head of Investor Relations of Sampo
plc.
Sampo plc (the "Issuer") today announces the indicative results
of its invitations to holders of its outstanding EUR 500,000,000
1.625 per cent. Notes due 21 February 2028 (ISIN: XS1775786574)
(the "2028 Notes"), EUR 500,000,000 2.250 per cent. Notes due 27
September 2030 (ISIN: XS1888184121) (the "2030 Notes"), EUR
500,000,000 1.250 per cent. Notes due 30 May 2025 (ISIN:
XS1622193750) (the "2025 Notes") and EUR 750,000,000 1.00 per cent.
Notes due 18 September 2023 (ISIN: XS1520733301) (the "2023 Notes")
(together, the "Securities" and each series of Securities, a
"Series") to (i) tender any and all of their 2028 Notes, and (ii)
to tender their 2030 Notes, 2025 Notes and 2023 Notes up to
(subject as set out in the Tender Offer Memorandum (as defined
below)) an aggregate principal amount of the EUR 500,000,000 less
the aggregate principal amount of the 2028 Notes validly tendered
and accepted for purchase, subject to the Acceptance Priority
Levels set out in the Tender Offer Memorandum (as defined below)
prepared by the Issuer, in each case for purchase by the Issuer for
cash.
Such invitations (the "Tender Offers") were announced on 31
August 2022 and were made on the terms and subject to the
conditions and the offer and distribution restrictions contained in
the tender offer memorandum dated 31 August 2022 (the "Tender Offer
Memorandum") prepared by the Issuer. Capitalised terms used and not
otherwise defined in this announcement have the meanings given
thereto in the Tender Offer Memorandum.
The Tender Offers
The Issuer hereby informs holders of the non-binding indicative
results of the Tender Offers. As at the Expiration Time, being 5:00
pm Central European time on 8 September 2022, the Issuer had
received valid tenders for purchase pursuant to the Tender Offers
of: (i) EUR 186,982,000 of the 2028 Notes; (ii) EUR 95,142,000 of
the 2030 Notes; (iii) EUR 108,000,000 of the 2025 Notes; and (iv)
EUR 110,505,000 of the 2023 Notes. The Issuer expects that the
principal amounts of the Securities accepted for purchase will be
as follows:
Description of the EUR 500,000,000 1.625 EUR 500,000,000 2.250 EUR 500,000,000 1.250 EUR 750,000,000 1.00
Securities per cent. Notes due per cent. Notes due per cent. Notes due per cent. Notes due
21 February 2028 27 September 2030 30 May 2025 18 September 2023
ISIN XS1775786574 XS1888184121 XS1622193750 XS1520733301
---------------------- ---------------------- ---------------------- ----------------------
Expected Principal
Amounts of the
Securities Accepted
for Purchase EUR 186,982,000 EUR 95,142,000 EUR 108,000,000 EUR 110,505,000
---------------------- ---------------------- ---------------------- ----------------------
Expected Scaling N/A N/A N/A N/A
Factor
---------------------- ---------------------- ---------------------- ----------------------
Holders should note that this is a non-binding indication of the
level at which the Issuer expects to set the acceptance amount in
respect of each Series, and any Scaling Factor that may apply as a
consequence. The Issuer expects to accept all validly tendered
Securities, without any scaling or pro-ration.
Pricing
Pricing for the Tender Offers will take place at or around 2:00
pm Central European time today (the "Pricing Time"). As soon as
practicable after the Pricing Time, the Issuer will announce
whether it will accept valid tenders of Securities pursuant to all
or any of the Tender Offers and, if so accepted, (i) the Final
Acceptance Amount and, in respect of each Series of Securities so
accepted, the aggregate principal amount of Securities of the
relevant Series accepted, including details of any Scaling Factor
(in respect of the 2030 Notes, the 2025 Notes or the 2023 Notes, if
applicable) and the relevant Tender Price, and (ii) in respect of
the 2025 Notes, the 2028 Notes and the 2030 Notes, the respective
Tender Yield and the Interpolated Mid-Swap Rate.
The Settlement Date in respect of the Securities accepted for
purchase pursuant to the Tender Offers is expected to be 12
September 2022.
Contact information
Dealer Managers for the Tender Offers:
Citigroup Global Markets Limited
Telephone: +44 20 7986 8969
Attention: Liability Management Group
Email: liabilitymanagement.europe@citi.com
Nordea Bank Abp
Telephone: +45 61360379
Attention: Nordea Liability Management
Email: nordealiabilitymanagement@nordea.com
Tender Agent for the Tender Offers:
Kroll Issuer Services Limited
Telephone: +44 20 7704 0880
Attention: Owen Morris
Email: sampo@is.kroll.com
Website: https://deals.is.kroll.com/sampo
DISCLAIMER :
The offer period for the Tender Offers has now expired. No
further tenders of any Securities may be made pursuant to the
Tender Offers. This announcement must be read in conjunction with
the Tender Offer Memorandum. No offer or invitation to acquire any
securities is being made pursuant to this announcement. The
distribution of this announcement and the Tender Offer Memorandum
in certain jurisdictions may be restricted by law. Persons into
whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Issuer, the Dealer
Managers and the Tender Agent to inform themselves about, and to
observe, any such restrictions.
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END
RTESSWSAUEESEIU
(END) Dow Jones Newswires
September 09, 2022 05:01 ET (09:01 GMT)
Sampo 49 (LSE:95BM)
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