ALP1 Alpha Plus 19

TIDMALP1

RNS Number : 6116R

Alpha Plus Holdings PLC

09 March 2016

The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, the Republic of Ireland, South Africa or in any other jurisdiction where it is unlawful to distribute this document. The bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.

Any offer for subscription, sale or exchange of the bonds within the Isle of Man must be made (i) by an Isle of Man financial services licenceholder licensed under section 7 of the Financial Services Act 2008 to do so or (ii) in accordance with any relevant exclusion contained within the Regulated Activities Order 2011 or exemption contained in the Financial Services (Exemptions) Regulations 2011.

9 March 2016

ALPHA PLUS HOLDINGS PLC

("Alpha Plus" or "the Company" and, together with its subsidiaries, "the Group")

LAUNCH OF 8 YEAR 5% SECURED STERLING BONDS DUE 31 MARCH 2024

Alpha Plus Holdings plc, which owns and operates independent schools, colleges and nurseries throughout the UK, has today launched a proposed issue of 5% sterling bonds due 2024 secured over a portfolio of real estate and other assets of the Group (the "Bonds"). While some of the Bonds being issued by the Company will be used to repay shareholder debt and for general corporate purposes, 50% of the final amount of Bonds issued will be immediately purchased by the Company and held in custody for future sale ("Retained Bonds"). The Retained Bonds will not benefit from security while held in custody and no interest will be paid on them.

The Bonds bear interest at a fixed rate of 5% per annum, payable semi-annually in arrear in equal instalments. At any time during the life of the Bond, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.

Canaccord Genuity Limited and Peel Hunt LLP are acting as Joint Lead Managers on this issue.

The Bonds have a minimum initial subscription amount of GBP2,000 and are available in multiples of GBP100 thereafter.

The offer period is now open and is expected to close at 12 noon (London time) on 23 March 2016. The Joint Lead Managers retain the right to close the offer early, in conjunction with the Company.

The Bonds are expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.

-Ends-

For further information, please see Alpha Plus' website: www.alphaplusgroup-retailbond.co.uk

For enquiries please contact:

 
 Alpha Plus 
  Julian Drinkall 
  Mark Sample         020 7487 6000 
-------------------  --------------- 
 FTI Consulting 
  Dido Laurimore      020 7831 3113 
-------------------  --------------- 
 Canaccord Genuity 
  Adrian Bell 
  Henrietta Podd      020 7523 8000 
 
  Peel Hunt LLP 
  Matthew Armitt 
  Kathy Boate          020 7418 8900 
-------------------  --------------- 
 
 
 
 

Notes

About the Bonds

1. The Bonds may not be suitable for all investors. Investors should ensure that they fully understand the risks and seek independent financial advice.

2. Investors should note that the market price of the Bonds can rise and fall during the life of the investment and the price of the Bonds could fall below the issue price of GBP100.

3. In the event that Alpha Plus defaults, becomes insolvent or goes out of business, investors may lose some or all of their investment.

Disclaimer

This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the "Directive"), and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). A prospectus dated 9 March 2016 (the "Prospectus") has been prepared and made available to the public as required by Part VI of the FSMA. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on Alpha Plus Holdings plc and the offer of the Bonds is only available on the basis of the combination of the Prospectus, and this announcement which have been published by Alpha Plus Holdings plc on the Regulatory News Service operated by the London Stock Exchange on or about 23 March 2016 and setting out the aggregate principal amount of the Bonds to be issued (the "Sizing Announcement"). Investors may obtain copies of the Prospectus and the Sizing Announcement (once published) on the website of the Regulatory News Service.

The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

The offering and the distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of Bonds pursuant to any offer should only be made on the basis of the information contained in the Prospectus, available as described above.

The Bonds have not been and will not be registered under the US Securities Act of 1933, as amended, (the "Securities Act") and, subject to certain exceptions, may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act, and are subject to certain U.S. tax law requirements. There will be no public offering in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IODAKCDNOBKDPNK

(END) Dow Jones Newswires

March 09, 2016 12:37 ET (17:37 GMT)

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