FKI plc - Confirmation of the

RNS Number : 0864E

Melrose PLC

23 September 2008

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR THE REPUBLIC OF ITALY

23 September 2008

NOTICE

To the holders of the

EUR600,000,000 6.625 per cent. Guaranteed Bonds due 2010 (the "Bonds")

issued by FKI plc (the "Issuer")

Confirmation of the Repurchase Price, Interpolated Mid-Swap Rate, Early Tender Premium and Accrued Interest Payment

This announcement is made in respect of the Offer set out in the Tender Offer Memorandum dated 29 August 2008 relating to the Bonds (the "Memorandum"). Terms and expressions defined in the Memorandum have the same meaning in this announcement. FKI plc hereby confirms to the Bondholders that the Settlement Date in respect of its repurchase of the EUR404,349,000 in aggregate principal amount of Bonds validly tendered in the Offer will be 26 September 2008.

FKI plc hereby announces the calculation of the Repurchase Price, Interpolated Mid-Swap Rate, Early Tender Premium and Accrued Interest Payment for such Bonds as calculated in accordance with the provisions of the Memorandum at or around 11 a.m. on 23 September 2008.

1. Interpolated Mid-Swap Rate: 5.102%
2. Repurchase Price: 100.373%, which equates to EUR1,003.73 per EUR1,000 in principal amount of the Bonds
3. Early Tender Premium: 0.265%, which equates to EUR2.65 per EUR1,000 in principal amount of the Bonds
4. Accrued Interest Payment: 3.928%, which equates to EUR39.28 per EUR 1,000 in principal amount of the Bonds

Important Notice

No offer or invitation to purchase any Bonds or proposals to Bondholders is being made pursuant to this notice. A copy of the Memorandum is available at the offices of each of Barclays Bank plc at 5 The North Colonnade, Canary Wharf, London E14 4BB, HSBC Bank plc at 8 Canada Square, London, E14 5HQ and The Royal Bank of Scotland plc at 135 Bishopsgate, London EC2M 3UR as Dealer Managers and The Bank of New York Mellon as the Tender Agent at One Canada Square, London, E14 5AL. Copies of the Memorandum and Notice of Meeting are also available for inspection at the Document Viewing Facility of the Financial Services Authority, 25 The North Colonnade, London E14 5HS.

M:Communications

James Hill    [phone]

 

END

 

 

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