Results of Tender Offer re EU

RNS Number : 0513G

Kingfisher PLC

25 January 2010

 



Kingfisher plc Announces Results 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 

25 January 2010.  Kingfisher plc (the Company) today announces the results of its invitation to holders of its €550,000,000 4.125 per cent. Notes due 23 November 2012 (ISIN: XS0235984340) (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 15 January 2010 (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 Offer expired at 3.00 p.m. (London time) on 22 January 2010. The Company has decided to accept for purchase €306,929,000 in aggregate nominal amount of the Notes validly tendered pursuant to the Offer, at a Purchase Spread of 0.60 per cent.

The Mid-Swap Rates, the Interpolated Mid-Swap Rate, the Purchase Yield and the Purchase Price will be calculated at or around 2.00 p.m. (London time) today and will be announced by the Company as soon as reasonably practicable thereafter.

The expected Settlement Date for the Offer is 28 January 2010. 

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.  

Société Générale (tel: [phone]; email: [e-mail]) and The Royal Bank of Scotland plc (tel: [phone] / 4673; 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.

 

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