Company name Borets Finance DAC
Headline Notice to Noteholders


RNS Number : 3057Z
Borets Finance DAC
13 March 2017
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT OR THE TENDER OFFER AND CONSENT SOLICITATION MEMORANDUM.

13 March 2017

BORETS FINANCE DAC ANNOUNCES OFFER AND CONSENT SOLICITATION FOR ITS US$420,000,000 7.625% guaranteed NOTES DUE 2018

Borets Finance DAC (the "Offeror") today announces (a) an invitation to each holder (a "Noteholder") of its outstanding US$420,000,000 7.625% Guaranteed Notes Due 2018 (the "Notes") to tender any or all of their Notes for purchase by the Offeror for cash (the "Offer") and concurrently (b) a solicitation (the "Consent Solicitation") to consider and, if thought fit, pass an extraordinary resolution (the "Resolution") to approve certain amendments (the "Amendments") to the Trust Deed, that will permit the Offeror to remove substantially all of the covenants and all of the events of default (except for non-payment and cross-acceleration events of default) in the terms and conditions of the Notes under the Trust Deed that can be removed by an Extraordinary Resolution of the Noteholders, other than a "special quorum resolution" (in each case, as defined in the Trust Deed).

The Offer and the Consent Solicitation are made on the terms and subject to the conditions set forth in the Tender Offer and Consent Solicitation Memorandum dated 13 March 2017 (the "Tender Offer and Consent Solicitation Memorandum"). The Offer and the Consent Solicitation begin on 13 March 2017. The Offer will expire at 4:00 p.m. (London time) on 31 March 2017 (the "Expiration Deadline"), unless re-opened by the Offeror until 4:00 p.m. (London time) on 7 April 2017 (the "Late Tender Expiration Deadline") to allow for any Late Tenders, and/or further extended or earlier terminated, as described in the Tender Offer and Consent Solicitation Memorandum. The Consent Solicitation will expire on the Expiration Deadline, unless extended or earlier terminated, as described in the Tender Offer and Consent Solicitation Memorandum.

Noteholders must validly tender their Notes at or prior to 4:00 p.m. (London time) on 23 March 2017 (such time and date, as the same may be extended, the "Early Tender Date") to be eligible to receive the Early Tender Premium (as set forth below), together with the Purchase Price (as set forth below), plus the Accrued Interest Amount in respect of the Notes tendered. Noteholders tendering their Notes after the Early Tender Date but at or prior to the Expiration Deadline will only be eligible to receive the Purchase Price, plus the Accrued Interest Amount in respect of the Notes tendered. If the Offer is re-opened, Noteholders tendering their Notes after the Expiration Deadline but at or prior to the Late Tender Expiration Deadline will only be eligible to receive the Purchase Price, plus the Late Tender Accrued Interest Amount in respect of the Notes tendered.

A Noteholder that delivers the Notes, or arranges to have delivered the Notes on its behalf, shall be deemed to have provided its Consent in respect of such Notes. Accordingly, no separate Consent Instruction will be required or permitted from such Noteholder to participate in the Consent Solicitation. A Noteholder that wishes to vote in the Consent Solicitation, but does not wish to tender its Notes must deliver, or arrange to be delivered on its behalf, a Consent Instruction which is accepted in respect of its Notes or request a Voting Certificate to attend and vote at the Meeting or to appoint another person to attend and vote at the Meeting on its behalf. No consent fee shall be payable in respect of such Consents or Consent Instructions.

THE offer and the CONSENT SOLICITATION ARE NOT BEING CONDUCTED IN A MANNER ELIGIBLE FOR THE PROCEDURES OF THE Depository Trust Company ("DTC"). To participate in the Offer or the Consent Solicitation, a holder of Rule 144A Notes (as defined in the Trust Deed) held through DTC must either hold such Notes through a Direct Participant in Euroclear Bank S.A./N.V. ("Euroclear") or Clearstream Banking, société anonyme ("Clearstream, Luxembourg" and together with Euroclear, the "Clearing Systems") or arrange for the transfer of its Notes so that they are held through such Direct Participant. Holders of Regulation S Notes (as defined in the Trust Deed) should follow the normal procedures of the Clearing Systems.

Neither the Trustee, nor any of its directors, officers, employees or affiliates expresses any opinion on the merits of, or makes any representation or recommendation whatsoever regarding, the Consent Solicitation or makes any recommendation whether Noteholders should vote in favour of the Resolution. The Trustee has not reviewed or approved, nor will it be reviewing or approving, any documents relating to the Consent Solicitation or this announcement except those to which it is a party and the Notice of Meeting. Neither the Trustee, nor any of its directors, officers, employees or affiliates has verified, or assumes any responsibility for the accuracy or completeness of, any of the information concerning the Consent Solicitation, or the factual statements contained in, or the effect or effectiveness of, this announcement or any other documents referred to in this announcement or assumes any responsibility for any failure by the Offeror or the Guarantors to disclose events that may have occurred and may affect the significance or accuracy of such information or the terms of any amendment (if any) to the Consent Solicitation. The Trustee has, however, authorised it to be stated that, on the basis of the information contained in this announcement and the Tender Offer and Consent Solicitation Memorandum, it has no objection to the Resolution, as set out in the Notice of Meeting, being put to holders of the Notes for their consideration.

Copies of the Tender Offer and Consent Solicitation Memorandum are available from the Information and Tender Agent as set out below. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer and Consent Solicitation Memorandum.

The following table sets forth details of the Offer:

Title of Security

Common code / CUSIP

ISIN

Aggregate Principal Amount Outstanding

Amount subject to the Offer

Purchase Price per $1,000

Early Tender Premium per $1,000

Total amount (Early Tender Premium and Purchase Price) per $1,000(1)

U.S.$420,000,000 7.625 per cent. Guaranteed Notes due 2018

097446920 (Reg S)/ 09973AAA9 (Rule 144A)

XS0974469206 (Reg S) US09973AAA97 (Rule 144A)

U.S.$372,946,000

Any and all

U.S.$1,010

U.S.$30

U.S.$1,040

___________________________

(1)        Total amounts payable for the Notes validly tendered at or prior to the Early Tender Date (as defined below). Excludes any applicable Accrued Interest Amounts.

Rationale for the Offer and the Consent Solicitation

The rationale for undertaking the Offer and the Consent Solicitation, which should be considered in conjunction with the New Notes Offering, is to (a) provide funding for the Issuer to refinance the Notes; and (b) offer holders of the Notes the opportunity to extend their investment in a Borets Group debt instrument until the maturity of the New Notes (as defined below).

Meeting

There will be a Meeting to consider the Resolution at 10 Manchester Square, London, W1U 3NL, United Kingdom at 8:30 a.m. (London time) on 4 April 2017 .

Condition to the Offer and the Consent Solicitation

General

The Offeror is not under any obligation to accept any tender of Notes for purchase pursuant to the Offer or any Consent. Tenders of Notes for purchase or a Consent may be rejected in the sole discretion of the Offeror for any reason or no reason, and the Offeror is under no obligation to Noteholders to furnish any reason or justification for refusing to accept any of them. For example, tenders of Notes for purchase and Consents may be rejected if the Offer and/or the Consent Solicitation is terminated (including if the Requisite Majority is not received or the Financing Condition fails (in each case, as defined below)), subject to applicable law and the provisions of the Trust Deed, if the Offeror determines that a Tender Instruction or Consent Instruction is not timely received or duly completed, or if the Offer or Consent Solicitation does not comply with the relevant requirements of a particular jurisdiction or for any other reason.

The Offeror may, in its sole discretion, terminate the Offer and/or Consent Solicitation or extend, amend or re-open the Offer and/or Consent Solicitation, in each case, subject to applicable law and the provisions of the Trust Deed.

The Financing Condition and the Requisite Majority

Prior to the Expiration Deadline, and subject to market and other conditions, the Offeror expects to announce an offering of its new fixed coupon, 5-year senior unsecured notes (the "New Notes", and such offering, the "New Notes Offering"). Any completion of the New Notes Offering will be subject to the implementation of the proposed Amendments.

The Offer will be funded with the proceeds of the New Notes Offering and the receipt of the proceeds therefrom in an account and on terms satisfactory to the Offeror in its sole discretion at or prior to the Settlement Date (the "Financing Condition"). Accordingly, the Offer is subject to the satisfaction of the Financing Condition.

In addition, the acceptance for purchase by the Offeror of the Notes validly tendered in the Offer (including any Late Tenders) and the payment of any Total Consideration are conditional on the receipt of the Requisite Majority. The Amendments will come into effect no later than the settlement of the New Notes Offering.

In case the Requisite Majority is not received or the Financing Condition fails, the Offer and the Consent Solicitation will be terminated and all Tender Instructions and all Consent Instructions will be automatically deemed to be withdrawn.

Participation in the Offer and the Consent Solicitation

To tender Notes for purchase pursuant to the Offer and/or to participate in the Consent Solicitation, a Noteholder should deliver, or arrange to have delivered on its behalf, via the relevant Clearing System and in accordance with the requirements of such Clearing System, a valid Tender Instruction or a valid Consent Instruction, as applicable, that is received by the Information and Tender Agent or the Tabulation Agent, respectively, by no later than the Expiration Deadline (or the Late Tender Expiration Deadline, as applicable).

Any Noteholder that delivers, or arranges to have delivered on its behalf, a valid Tender Instruction which is accepted in respect of its Notes shall be deemed to have provided a Consent Instruction to vote in favour of the Resolution in respect of such Notes and, accordingly, no separate Consent Instruction will be required or permitted from such Noteholder to participate in the Consent Solicitation.

For the avoidance of doubt, a Noteholder may deliver a Consent Instruction without tendering Notes pursuant to the Offer or alternatively, Noteholders who wish to attend and vote at the Meeting (or any adjourned Meeting) should contact the relevant Clearing System to make arrangements for their attendance and voting thereat through a Voting Certificate.

The Offeror will accept tenders of Notes for purchase only in minimum denominations of US$200,000 and integral multiples of US$1,000 in excess thereof. No alternative, conditional or contingent tenders will be accepted.

General

Until the Offeror announces whether it has decided to accept for purchase Notes validly tendered pursuant to the Offer or to accept Consent Instructions validly delivered pursuant to the Consent Solicitation, no assurance can be given that the Offer and/or the Consent Solicitation will be completed. Completion of the Offer and/or the Consent Solicitation depends upon the satisfaction of certain conditions, including receipt of the Requisite Majority and the Financing Condition. In addition, subject to applicable law, the provisions of the Trust Deed and as provided in the Tender Offer and Consent Solicitation Memorandum, the Offeror may, in its sole discretion, extend, re-open, amend and/or terminate, or waive any of the conditions of, the Offer and/or the Consent Solicitation at any time.

Noteholders are advised to check with any bank, securities broker or other intermediary through which they hold Notes when such intermediary would need to receive instructions from a Noteholder in order for that Noteholder to be able to participate in, or (subject to applicable law and the provisions of the Trust Deed in the limited circumstances in which revocation is permitted) revoke its instruction to participate in, the Offer or the Consent Solicitation by the deadlines specified in the Tender Offer and Consent Solicitation Memorandum. The deadlines set by any such intermediary and each Clearing System for the delivery and withdrawal of Tender Instructions and Consent Instructions will be earlier than the relevant deadlines specified in the Tender Offer and Consent Solicitation Memorandum.

For further information on the Offer and the Consent Solicitation and terms and conditions on which the Offer and/or the Consent Solicitation are made, Noteholders should refer to the Tender Offer and Consent Solicitation Memorandum. Questions and requests for assistance in connection with the (a) Offer and/or the Consent Solicitation may be directed to the Dealer Managers; and (b) delivery of Tender Instructions or Consent Instructions may be directed to the Information and Tender Agent or the Tabulation Agent, as applicable, the contact details for all of which are below.

Indicative Timetable

Event

Time and Date

Commencement of the Offer and the Consent Solicitation

The Offer and the Consent Solicitation are announced.

Tender Offer and Consent Solicitation Memorandum becomes available from the Information and Tender Agent.

13 March 2017

Early Tender Date

The last date and time for Noteholders to tender the Notes in order to be eligible to receive the Early Tender Premium.

23 March 2017 (4:00 p.m. (London time))

 

Expiration Deadline

Subject to Late Tender Extension, the final deadline for (a) receipt by the Information and Tender Agent and the Tabulation Agent of valid Tender Instructions and Consent Instructions, respectively; (b) the Noteholders to contact the relevant Clearing System to make arrangements to attend and vote at the Meeting or to appoint another person to attend and vote at the Meeting on their behalf; and (c) Noteholders to revoke Consent Instructions and/or Voting Certificates.

31 March 2017 (4:00 p.m. (London time))

Meeting

Meeting of the Noteholders to vote on the Resolution.

4 April 2017 (8:30 a.m. (London time))

Meeting Results Announcement

Announcement that (i) the Requisite Majority to implement the Amendments has been obtained at the Meeting and (ii) the Offeror would make a subsequent Post-Pricing Tender Results Announcement as soon as reasonably practicable after the New Notes Pricing. If the Requisite Majority has not been obtained at the Meeting, the Offeror will announce whether (a) the Meeting would be adjourned pursuant to the provisions of the Trust Deed and (b) the Offer and Consent Solicitation would be extended or re-opened, as applicable.

As soon as reasonably practicable after the Meeting

New Notes Pricing

The Offeror and the bookrunners of the New Notes Offering will set the price for the New Notes.

4 April 2017 (as soon as reasonably practicable after the Meeting Results Announcement)

Post-Pricing Tender Results Announcement

Announcement as to (i) the aggregate principal amount of Notes in respect of which a Tender Instruction has been received by the Information and Tender Agent at or prior to the Expiration Deadline; (ii) whether the Financing Condition would be expected to be satisfied on the Settlement Date; (iii) subject to the satisfaction of the Financing Condition, (a) whether the Offeror accepts valid tenders of Notes tendered at or prior to the Expiration Deadline and (b) the aggregate principal amount of such Notes accepted for purchase on the Settlement Date; and (iv) whether the Offer is re-opened until the Late Tender Expiration Deadline. The Post-Pricing Tender Results Announcement will also specify the expected Settlement Date.

As soon as reasonably practicable after the New Notes Pricing

Settlement Date

Expected settlement date for (a) the New Notes Offering and (b) the purchase of Notes validly tendered before the Expiration Deadline, and payment of any Total Consideration thereon.

On or about 7 April 2017

Set out below are the expected dates and time of key events relating to the Late Tender, should the Offeror decide to re-open the Offer to continue until the Late Tender Expiration Deadline.

Late Tender Expiration Deadline

The final deadline for receipt by the Information and Tender Agent of valid Tender Instructions in respect of Late Tenders.

7 April 2017 (4:00 p.m. (London time))

Late Tender Results Announcement

Announcement as to (i) the aggregate principal amount of Notes in respect of which a Tender Instruction has been received by the Information and Tender Agent after the Expiration Deadline but at or prior to the Late Tender Expiration Deadline; (ii) (a) whether the Offeror accepts any valid Late Tenders and (b) the aggregate principal amount of Notes accepted for purchase on the Late Tender Settlement Date; and (iii) the final aggregate principal amount of Notes which will remain outstanding after the Late Tender Settlement Date. The Late Tender Results Announcement will also specify the expected Late Tender Settlement Date.

10 April 2017

 

Late Tender Settlement Date

Expected settlement date for the Notes validly tendered after the Expiration Deadline, but at or prior to the Late Tender Expiration Deadline, and payment of any Total Consideration thereon.

On or about 10 April 2017

 

Unless stated otherwise, announcements in connection with the Offer and the Consent Solicitation will be made by publication through the website of the Irish Stock Exchange. Announcements will also be made by (i) the delivery of notices to the Clearing Systems for communication to Direct Participants and (ii) the issue of a press release to a Notifying News Service. Copies of all such announcements, notices and press releases can also be obtained from the Tabulation Agent, the contact details for which appear on the last page of this announcement. Significant delays may be experienced where notices are delivered to the Clearing Systems and Noteholders are urged to contact the Tabulation Agent for the relevant announcements during the course of the Consent Solicitation.

Questions and requests for assistance in connection with the Offer and the Consent Solicitation may be directed to either Dealer Manager.

Goldman Sachs International

Peterborough Court

133 Fleet Street

London EC4A 2BB

United Kingdom

Attention: Liability Management Group

Telephone: +44 20 7774 9862

E-mail: liabilitymanagement.eu@gs.com

HSBC Bank plc

8 Canada Square

London E14 5HQ

United Kingdom

Telephone: +44 (0) 20 7992 6237

Attention: Liability Management Group

Email: LM_EMEA@hsbc.com

JSC "Sberbank CIB"

4 Romanov Pereulok

Moscow 125009

Russian Federation

Telephone: +74957872363

Email: liability_management@sberbank-cib.ru

 

SIB (Cyprus) Limited

 

27 Pindarou Street

Alpha Business Center

1st Floor, Block B

CY-1060 Nicosia

Cyprus

Telephone: +74957872363

Email: liability_management@sberbank-cib.ru

 

Questions and requests for assistance in connection with the delivery of Tender Instructions or Consent Instruction may be directed to the Information and Tender Agent or the Tabulation Agent, respectively.

The Information and Tender Agent:
D.F. King Ltd.

Email: borets@dfkingltd.com

Offer Website: https://sites.dfkingltd.com/borets

 

In London:

125 Wood Street

London EC2V 7AN

United Kingdom

By telephone: +44 20 7920 9700

 

In Hong Kong:

Suite 1601, 16/F, Central Tower

28 Queen's Road Central

Hong Kong

Telephone: +852 3953 7230

The Tabulation Agent:

D.F. King Ltd.
Email: borets@dfkingltd.com

Offer Website: https://sites.dfkingltd.com/borets

 

In London:

125 Wood Street

London EC2V 7AN

United Kingdom

By telephone: +44 20 7920 9700

 

In Hong Kong:

Suite 1601, 16/F, Central Tower

28 Queen's Road Central

Hong Kong

Telephone: +852 3953 7230

 

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer and Consent Solicitation Memorandum. This announcement and the Tender Offer and Consent Solicitation Memorandum contain important information which should be read carefully before any decision is made with respect to the Offer or the Consent Solicitation. If any Noteholder is in any doubt as to the action it should take or is unsure of the impact of its participation in the Consent Solicitation or the acceptance of the Offer, it is recommended to seek its own financial advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Offer and/or participate in the Consent Solicitation.

None of the Offeror, the Guarantors, the Dealer Managers, the Information and Tender Agent, the Tabulation Agent or any director, officer, employee, agent or affiliate of any such person, is acting for any Noteholder, or will be responsible to any Noteholder for providing any protections which would be afforded to its clients or for providing advice in relation to the Offer or the Consent Solicitation, and accordingly none of the Offeror, the Guarantors, the Dealer Managers, the Information and Tender Agent, the Tabulation Agent or their respective directors, officers, employees, affiliates, advisers or agents makes any recommendation as to whether Noteholders should tender Notes in the Offer, subscribe for the New Notes in the New Notes Offering and/or provide Consent, or refrain from taking any action in the Offer and/or the Consent Solicitation with respect to their Notes, and none of them has authorised any person to make such recommendation. The Information and Tender Agent and the Tabulation Agent are agents of the Offeror and owe no duty to any Noteholder.

This announcement is for informational purposes only. The Offer is only being made, and the Consents are only being solicited pursuant to the Tender Offer and Consent Solicitation Memorandum and only in such jurisdictions as is permitted under applicable law. None of this announcement, the Tender Offer and Consent Solicitation Memorandum nor any other documents or materials relating to the Offer or the Consent Solicitation constitutes an offer to purchase or the solicitation of an offer to tender or sell Notes to or from any person located or resident in any jurisdiction where such offer or solicitation is unlawful.

OFFER AND DISTRIBUTION RESTRICTIONS

United States of America

Nothing in this announcement constitutes an offer of securities in the United States of America. The securities referred to in this announcement have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

United Kingdom

The communication of this announcement and any other documents or materials relating to the Offer and the Consent Solicitation are not being reviewed and such documents and/or materials have not been approved by an authorised person for the purposes of Section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")) or persons who are within Article 43 of the Financial Promotion Order, including existing members and creditors of the Offeror, or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.

Russia

The Offer is not being made, directly or indirectly, to the public in the Russian Federation. Neither this announcement, nor information contained therein nor any other document or materials relating to the Offer or the Consent Solicitation is an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws. Neither this announcement, nor any other documents or materials relating to the Offer or the Consent Solicitation have been or shall be distributed to the public in the Russian Federation. Information contained in this announcement is not intended for any persons in the Russian Federation who are not "qualified investors" within the meaning of Article 51.2 of the Federal Law No. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and must not be distributed or circulated into Russia or made available in Russia to any persons who are not Russian QIs, unless and to the extent they are otherwise permitted to access such information under Russian law.

Ireland

This announcement will only be distributed in Ireland in conformity with the provisions of the Companies Act 2014 (as amended), the Central Bank Acts 1942 - 2015 (as amended) and the European Communities 9 (Markets in Financial Instruments) Regulations 2007 (Nos. 1 to 3), including, without limitation, Regulations 7 and 152 thereof or any applicable provisions of Irish law.

General

This announcement does not constitute an offer to sell or buy or the solicitation of an offer to sell or buy the Notes, and tenders of Notes for purchase by the Offeror for cash pursuant to the Offer or votes in the Consent Solicitation will not be accepted from Noteholders in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Offer and/or the Consent Solicitation, as applicable, to be made by a licensed broker or dealer and the Dealer Manager or any of their affiliates is such a licensed broker or dealer in such jurisdictions, the Offer and/or the Consent Solicitation, as applicable, shall be deemed to be made by the Dealer Manager or such affiliate, as the case may be, on behalf of the Offeror in such jurisdictions.

Each Noteholder participating in the Offer and/or the Consent Solicitation will also be deemed to have given certain representations as set out in the section "Procedures for Participating in the Offer and the Consent Solicitation" of the Tender Offer and Consent Solicitation Memorandum. Any offer of Notes for purchase pursuant to the Offer from, or any Consent Instruction submitted pursuant to the Consent Solicitation, as applicable, by, a Noteholder that is unable to make these representations will not be accepted. Each of the Offeror, the Guarantors, the Dealer Managers, the Information and Tender Agent and the Tabulation Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of Notes for purchase pursuant to the Offer and/or any Consent Instruction submitted pursuant to the Consent Solicitation, whether any such representation given by a Noteholder is correct and, if such investigation is undertaken and as a result the Offeror determines (for any reason) that such representation is not correct, such tender or Consent Instruction, as applicable, shall not be accepted.

The Dealer Managers and their affiliates have provided and continue to provide certain trading, advisory and investment banking services to the Offeror, Borets International Limited, its shareholders and affiliates for which they have received and will receive compensation that is customary for services of such nature.

None of the Dealer Managers, the Information and Tender Agent, the Tabulation Agent or any of their respective directors, officers, employees, affiliates, or advisers assume any responsibility for the accuracy or completeness of the information concerning the Offer and the Consent Solicitation, the Offeror, any of its affiliates or the Notes or the New Notes referred to in the Tender offer and Consent Solicitation Memorandum or for any failure by the Offeror to disclose events that may have occurred and may affect the significance or accuracy of such information.

The Dealer Managers and each of its affiliates may (subject to the offer restrictions set out in the section "Offer and Distribution Restrictions" of the Tender Offer and Consent Solicitation Memorandum) (i) deliver Tender Instructions and/or Consent Instructions for its own account and/or (ii) deliver Tender Instructions and/or Consent Instructions on behalf of Noteholders.

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


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