TIDMALP1
RNS Number : 4754S
Alpha Plus Holdings PLC
17 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.
17 March 2016
ALPHA PLUS HOLDINGS PLC
("Alpha Plus" or "the Company" and, together with its
subsidiaries, "the Group")
ALPHA PLUS INCREASES BOND OFFER IN RESPONSE TO MARKET DEMAND
8 YEAR 5.00% SECURED STERLING RETAIL BOND DUE 31 MARCH 2024
Further to the announcement of 9 March 2016, Alpha Plus, which
owns and operates independent schools, colleges and nurseries
throughout the UK, is pleased to announce that it has increased the
amount of 5.00% Sterling Bonds due 2024 (the "Bonds") it is
offering to the market.
Unless otherwise defined in this announcement, capitalised terms
used in this announcement have the meaning given to them in the
prospectus dated 9 March 2016 ("Prospectus").
As a result of substantial investor demand, Alpha Plus has today
published a supplementary prospectus ("Supplementary Prospectus"),
to the Prospectus.
The purpose of the Supplementary Prospectus is to amend certain
disclosures in the Prospectus:
a) To change the principal amount of bonds that will be
immediately purchased and held by the Company as Retained Bonds
from 50% of the GBP130m aggregate principal or nominal amount of
Bonds, to an amount not exceeding 50% of the GBP130m aggregate
principal or nominal amount of Bonds; and
b) To describe the additional security that will be provided by
the Charging Companies in respect of the additional Bonds to be
issued by the Company.
The additional security provided by the Charging Companies
increases the total security of the Bonds from approximately
GBP108.8m to approximately GBP146.6m, sufficient to support
approximately GBP80m of Bonds.
All commercial terms and covenants of the bond remain the
same.
The offer 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.
Julian Drinkall, Chief Executive Officer, Alpha Plus, said:
"Following significant levels of demand in such a short space of
time, Alpha Plus took the decision to increase the offer. It gives
more people the chance to purchase the Bonds and provides
additional finance to support our growth strategy. It is pleasing
to see such a positive market response, and we look forward to
continuing our relationship with our retail bond investors."
-Ends-
For further information, please see the '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
Tom Gough
Phillippa Cantrill 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") and a supplementary prospectus dated [16] March 2016
(the "Supplementary Prospectus") have 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
and the Supplementary Prospectis. 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, the Supplementary
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 9 March 2016 and 16 March 2016.
The sizing announcement will be made on 23 March, setting out the
aggregate principal amount of the Bonds to be issued (the "Sizing
Announcement"). Investors may obtain copies of the Prospectus, the
Supplementary 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
and the Supplementary 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
IODAKODNQBKDOND
(END) Dow Jones Newswires
March 17, 2016 10:39 ET (14:39 GMT)
Alpha Plus 19 (LSE:ALP1)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Alpha Plus 19 (LSE:ALP1)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
