Result of Tender Offer

RNS Number : 1128Z

Coca-Cola HBC AG

15 May 2019

 

NOT FOR DISTRIBUTION 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 TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

15 May 2019

COCA-COLA HBC FINANCE B.V. ANNOUNCES FINAL RESULTS IN RELATION TO ITS INVITATION TO PURCHASE NOTES FOR CASH

Coca-Cola HBC Finance B.V. (the "Company") announces today the final results of its invitation to holders of its €800,000,000 2.375 per cent. Notes due 2020  guaranteed by Coca-Cola HBC AG (the "Notes") to tender such Notes for purchase by the Company for cash (the "Offer").

The Offer was made on the terms and subject to the conditions set out in a tender offer memorandum dated 3 May 2019 (the "Tender Offer Memorandum"). Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 14 May 2019. As at the Expiration Deadline €236,573,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer.

The Company hereby announces that the New Financing Condition has been satisfied and as such, it has decided to accept all valid tenders of Notes pursuant to the Offer in full with no pro rata scaling. Accordingly, the Company has decided to confirm: (i) the Purchase Price; and (ii) the Final Acceptance Amount, as set out below.

Description of the Notes	ISIN	Aggregate Principal Amount Outstanding	Purchase Price	Final Acceptance Amount
€800,000,000 2.375 per cent. Notes due 2020 of Coca-Cola HBC Finance B.V.	XS0944362812	€800,000,000	102.243 per cent.	€236,573,000

Settlement of the Offer and payment of the Purchase Price and Accrued Interest Payment in respect of the Notes accepted for purchase is expected to take place on 17 May 2019. Notes that are not tendered or not accepted for purchase pursuant to the Offer will remain outstanding.

For Further Information

A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. 

Further details about the transaction can be obtained from:

The Dealer Managers

Citigroup Global Markets Limited

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB

United Kingdom

Telephone: [phone]

Attention: Liability Management Group

Email: [e-mail]

Credit Suisse Securities (Europe) Limited

One Cabot Square

Canary Wharf

London E14 4QJ

United Kingdom

Telephone: [phone]

Attention: Liability Management Group

Email: [e-mail]

Société Générale

10 Bishops Square

London E1 6EG

United Kingdom

Telephone: [phone]

Attention: Liability Management

Email: [e-mail] 

The Tender Agent

Lucid Issuer Services Limited

Tankerton Works

12 Argyle Walk

London WC1H 8HA

United Kingdom

Telephone: [phone]

Attention: David Shilson

Email: [e-mail] 

A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.

Disclaimer

The offer period for the Offer has now expired. No further tenders of any Notes may be made pursuant to the Offer. This announcement must be read in conjunction with the Tender Offer Memorandum. None of the Dealer Managers or the Tender Agent or their respective directors, employees or affiliates accepts any responsibility for the accuracy or completeness of the information contained in this announcement or the Tender Offer Memorandum including (without limitation) information concerning the Company for any failure by the Company to disclose events that may have occurred and may affect the significance or accuracy of such information.

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 come into are required by each of the Company, Coca-Cola HBC AG, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.

This announcement is released by Coca-Cola HBC Finance B.V. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Mania Kimpezi (Treasury Finance Manager) of Coca-Cola HBC Finance B.V.

About Coca‑Cola HBC

Coca-Cola HBC is a leading bottler of The Coca-Cola Company with an annual sales volume of more than 2 billion unit cases. It has a broad geographic footprint with operations in 28 countries serving a population of more than 600 million people. Coca-Cola HBC offers a diverse range of primarily non-alcoholic ready-to-drink beverages in the sparkling, juice, water, sport, energy, tea and coffee categories. Coca-Cola HBC is committed to promoting sustainable development in order to create value for its business and for society. This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting its business in ways that protect and preserve the environment and contribute to the socio-economic development of the local communities. Coca-Cola HBC is ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good, among others.

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH) and its shares are listed on the Athens Exchange (ATHEX: EEE). For more information, please visit http://www.coca-colahellenic.com.

 

END

 

 

RTEGGUPCAUPBUBA