Pricing of Tender Offer re £2

RNS Number : 8418Z

Kingfisher PLC

20 January 2011

 



Kingfisher plc Announces Pricing of Tender Offer   

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 PERSON LOCATED OR RESIDENT IN ITALY

20 January 2011.  Kingfisher plc (the Company) announces the pricing details of its invitation to holders of its £250,000,000 5.625 per cent. Notes due 15 December 2014 (ISIN: XS0178322474) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer). 

The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 10 January 2011 (the Tender Offer Memorandum). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The final pricing details of the Offer, as determined at or around 3.00 p.m. (London time) today, are as follows:

Benchmark Security  Rate:	2.042 per cent.
Purchase Spread:	1.40 per cent.
Purchase Yield (annual basis):	3.472 per cent.
Purchase Price:	107.698 per cent.
Accrued Interest:	0.632 per cent.

The expected Settlement Date for the Offer is 25 January 2011.

The Offer was not made to any person located or resident in the United States or Italy, and was also subject to restrictions in other jurisdictions, all as further described in the Tender Offer Memorandum. This announcement must be read in conjunction with the Tender Offer Memorandum. 

Barclays Bank PLC (tel: [phone]; email: [e-mail]) and UBS Limited (tel: [phone]; email: [e-mail]) are acting as Dealer Managers for the Offer and Deutsche Bank AG, London Branch is acting as Tender Agent.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum.  No offer or invitation to acquire any securities is being made pursuant to this announcement.  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 comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

 

END

 

 

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