Notice of Optional Redemption

RNS Number : 3576Y

Smiths Group PLC

13 January 2022

 

13 January 2022

Smiths Group plc (the Issuer )

Notice of Optional Redemption

US$400,000,000 3.625 per cent. Guaranteed Notes due 2022 fully and unconditionally guaranteed by Smiths Group International Holdings Limited (the Notes)

	CUSIP Number	ISIN number
Notes represented by Rule 144A Global Notes	83238PAD6	US83238PAD69
Notes represented by Regulation S Global Notes	G82401AH6	USG82401AH63

We refer to Section 4 (Redemption) of the terms and conditions of the Notes (the Conditions) as set out in Exhibit B-1 of the Fiscal and Paying Agency Agreement dated 12 October 2012, whereby the Issuer may, at its option at any time, on giving at least 30 days but not more than 60 days' notice to Noteholders, redeem the Notes that remain outstanding in whole or in part.

Terms used but not defined in this notice have the meaning given to them in the Conditions.

NOTICE IS HEREBY GIVEN that all of the outstanding Notes will be redeemed on the 17 February 2022 (the Redemption Date) at the redemption price. In accordance with the Conditions, the redemption price will be determined by the Independent Investment Banker based on the Composite 3:30 p.m. Quotations for US Government Notes published by the Federal Reserve Bank of New York or such other United States Treasury selected by the Independent Investment Banker as at 3:30 p.m., New York City time, on 14 February 2022 plus 30 basis points, together with accrued and unpaid interest. The redemption price will be notified to the Noteholders as soon as practicable following its determination.

From and after the Redemption Date, if moneys for the redemption of the Notes shall have been made available as provided herein for redemption on the Redemption Date, the Notes shall cease to bear interest, and the only right of a registered holder of the Notes called for redemption shall be to receive payment of the redemption price and all unpaid interest accrued to the Redemption Date.

The CUSIP and ISIN numbers in relation to the Notes being redeemed are as set forth above. No representation is made as to the correctness or accuracy of such numbers listed in this Notice of Redemption or printed on the Notes. Reliance may be placed only on the other identification numbers printed on the Notes.

Payment in relation to the Notes will be made in accordance with the usual procedures of Clearstream, Luxembourg and/or Euroclear and/or DTC.

Enquiries:

Sacha Kenny

Group Treasury Director

[phone]

[phone]

[e-mail]

Jemma Spalton

Investor Relations Director

[phone]

[phone]

[e-mail]

This notice, which is irrevocable, is given by Smiths Group plc on 13 January 2022.  

Legal Entity Identifier: 213800MJL6IPZS3ASA11

About Smiths Group

For over 170 years, Smiths Group has been pioneering progress by improving the world through smarter engineering. We serve millions of people every year, to help create a safer, more efficient and better-connected world, across four major global markets:  Energy, General Industry, Security & Defence, and Aerospace. Listed on the London Stock Exchange, Smiths employs c.14,600 colleagues in over 50 countries. For more information visit  www.smiths.com

 

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