Compass Group PLC
17 July 2007
17 JULY 2007
COMPASS GROUP PLC ('Compass')
Announcement of the pricing and the results of the Invitation to Tender for
purchase for Cash up to EUR450,000,000 of its
EUR750,000,000 6.00 per cent. Notes due 29 May 2009 (the 'Notes')
Further to the acceptance of EUR450,000,000 in aggregate principal amount of the
Notes for repurchase by Compass on a pro rata basis, Compass today announces the
Repurchase Price of such Notes. This announcement should be read in conjunction
with the Tender Offer Memorandum dated 3 July 2007 (the 'Tender Offer
Memorandum').
The Repurchase Price has been calculated at 102.097% being the sum of (a) the
Reference Rate and (b) the Repurchase Spread.
The Reference Rate has been set at 4.764%, being the Interpolated 2009 Mid-Swap
Rate at or around 2.00 p.m. (London time) today.
As announced on 9 July 2007, the Reference Spread is 2 basis points over the
Interpolated 2009 Mid-Swap Rate.
The Repurchase Amount in respect of each EUR1,000 in principal amount of Notes
accepted for repurchase is EUR1,020.97(being the product of the Repurchase Price
and EUR1,000).
Compass will also pay interest accrued and unpaid per EUR1,000 nominal amount on
the Notes from (and including) the immediately preceding interest payment date
to (but excluding) the Settlement Date (which is expected to be 20 July 2007)
which has been calculated at EUR8.52 per EUR1,000 nominal amount on the Notes.
The total amount Compass will pay Noteholders on the Settlement Date for each
EUR1,000 in principal amount of Notes accepted for repurchase will be
EUR1,029.49 (being the sum of the Repurchase Amount and Accrued Interest).
Description of Common Code/ Outstanding Amount Subject Reference Repurchase Repurchase Accrued
the Notes ISIN Principal to the Offer Rate Spread Price Interest
Amount
EUR750,000,000
6.00 per cent.
Notes due 29
May 2009 014836381 EUR750,000,000 EUR450,000,000 Interpolated +2.0 bps 102.097% 8.52 per
in aggregate 2009 EUR1,000
principal Mid-Swap
amount Rate
XS0148363814
Requests for further information should be directed to the Dealer Managers:
ABN AMRO Bank N.V. Barclays Bank PLC The Royal Bank of Scotland plc
250 Bishopsgate The North Colonnade 135 Bishopsgate
London EC2M 4AA Canary Wharf London EC2M 3UR
For information by London E14 4BB For information by
telephone: +44 (0)20 7678 3644 For information by telephone: +44 (0)20 7085 8056/3781
Fax: +44 (0)20 7678 3597 telephone: +44 (0)20 7773 8575 Fax: +44 (0)20 7085 5510
E-mail: liability.management@abnamro.com Fax: +44 (0)20 7516 8048 E-mail: liabilitymanagement@rbos.com
E-mail: eu.lm@barcap.com
OFFER AND DISTRIBUTION RESTRICTIONS
The Offer and the distribution of the Tender Offer Memorandum in certain
jurisdictions may be restricted by law. Persons into whose possession the Tender
Offer Memorandum comes are required by Compass and the Dealer Managers to inform
themselves about and to observe any such restrictions. It is the responsibility
of any such person wishing to accept the Offer to satisfy himself as to the full
observance of the laws of the relevant jurisdiction in connection therewith and
the compliance with any other necessary formalities.
In particular, this notice is not for distribution in the United States, to U.S.
persons or to persons in the Republic of Italy or to Italian persons.
Compass Group is the world's largest foodservice company with annual revenue of
c. £10.8 billion in the year to 30 September 2006. For more information visit
www.compass-group.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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