Repurchase of EUR 500m 2014 Bonds

RNS Number : 7872O

Rentokil Initial PLC

16 October 2012

 



 

16 October 2012

Rentokil Initial plc

Repurchase of €500m 2014 Bonds

The Company announces that, as part of the management of its debt maturity profile, it has repurchased €14.5m principal of its existing €500 million 4.625% Bonds due March 2014 (the "2014 Bonds"), at market price. The bonds will be cancelled as of today's date, reducing the outstanding principal amount of the Bonds to €485.5m.

The Company is willing to purchase more of the 2014 Bonds, at market price, for cancellation. 2014 Bond holders wishing to offer their bonds for purchase by the Company should contact either their sales representative at The Royal Bank of Scotland, or one of the individuals named below:

Andrew Burton, The Royal Bank of Scotland, [phone]

Marcus Schyllert, The Royal Bank of Scotland, [phone]

Ends

About Rentokil Initial plc

Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa.  The Company has some 66,000 employees providing a range of support services in over 60 countries.

www.rentokil-initial.com

Enquiries:

Investors / Analysts enquiries:

Katharine Rycroft, Investor Relations                                         Rentokil Initial plc           01293 858 166

Media enquiries:

Malcolm Padley, Corporate Communications                             Rentokil Initial plc           07788 978 199

Kate Holgate/ Catriona McDermott                                             Brunswick Group            020 7404 5959

INVITATION AND DISTRIBUTION RESTRICTIONS

The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by the Company to inform themselves about and to observe any such restrictions. This announcement does not constitute a solicitation of an offer to sell 2014 Bonds in any jurisdiction in which such solicitation or offer is unlawful, and offers to sell will not be accepted from 2014 Bond holders located or resident in any jurisdiction in which such solicitation or offer is unlawful.

United States

The invitation to holders of the 2014 Bonds to offer to sell some or all of those 2014 Bonds for cash (the "Invitation") is not being made and will not be made, directly or indirectly, in or into, or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email and other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of, the United States, and the 2014 Bonds may not be offered for sale by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States. Accordingly, copies of any documents or materials relating to the Invitation are not being, and must not be, directly or indirectly, mailed or otherwise transmitted, distributed or forwarded in or into the United States or to persons located or resident in the United States. Any purported offer for sale in the Invitation resulting directly or indirectly from a violation of these restrictions will be invalid and tenders of 2014 Bonds made by a person located in the United States or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will not be accepted. For the purposes of this paragraph, United States means the United States of America, its territories and possessions, any state of the United States of America and the District of Columbia.

United Kingdom

The communication of any documents or materials relating to the Invitation is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom, and are only for circulation to persons outside the United Kingdom or to persons within the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order)) or to other persons to whom it may lawfully be communicated in accordance with the Order.

Italy

The Invitation is not being made in the Republic of Italy (Italy). The Invitation has not been submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa (CONSOB) pursuant to Italian laws and regulations. Accordingly, 2014 Bond holders are notified that, to the extent they are located or resident in Italy, the Invitation is not available to them and they may not offer 2014 Bonds in response to the Invitation and, as such, any offers received from or on behalf of such persons shall be ineffective and void, and no documents or materials relating to the Invitation or the 2014 Bonds may be distributed or made available in Italy.

Belgium

The Invitation is not being made, directly or indirectly, to the public in Belgium. No documents or materials relating to the Invitation have been, or will be, approved by the Belgian Banking, Finance and Insurance Commission. Accordingly, the Invitation may not be advertised and no such documents or materials may be distributed or made available in Belgium other than to institutional investors, as referred to in article 10 of the Law of 16 June 2006 on the public offer of investment instruments and the admission to trading of investment instruments on a regulated market, acting for their own account.

France

The Invitation is not being made, directly or indirectly, to the public in the Republic of France (France). No documents or materials relating to the Invitation have been or will be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties and/or (ii) qualified investors (investisseursqualifiés) other than individuals, all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 of the French Code monétaire et financier, are eligible to participate in the Invitation.

 

END

 

 

DOCFFMSUMFESESS