GPG to Exercise Option to Purchase Capital Notes

RNS Number : 0189N

Guinness Peat Group PLC

24 September 2012

 



GUINNESS PEAT GROUP PLC

("GPG" or the "Company")

GPG to Exercise Option to Purchase Capital Notes

GPG Finance plc has one remaining tranche of capital notes outstanding, having a total principal amount of NZ$350 million and election date of 15 November 2012 (2012 Notes).

GPG has an option to purchase the 2012 Notes on their election date, under the trust deed relating to the 2012 Notes.

GPG has previously announced its intention to exercise this option, and has now formally determined to exercise it.

Accordingly, all of the 2012 Notes will be purchased by GPG on their 15 November 2012 election date.

Holders of 2012 Notes will be sent a notice of GPG's exercise of the option, and details of the process for payment, in due course.

Holders of 2012 Notes are not required to take any action in connection with GPG's exercise of this option.

It is intended that trading in the 2012 Notes will be suspended at close of business on 30 October 2012 and the final regular quarterly interest payment for the 2012 Notes will be paid on 15 November 2012 to holders whose names appear on the register at 5.00pm on Friday 2 November 2012.

For further information, please contact:

Computershare Investor Services Limited

Tel: [phone]

Email: [e-mail]

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: [phone]

24 September 2012

Enquiry details are:

New Zealand and Australian media:               Geoff Senescall on:                 [phone]

UK media:                                                                   Kevin Smith on:                        [phone]

 

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