Settlement of Debt Reduction Exercise

Wm Morrison Supermarkets Limited

06 June 2024

 

THIS ANNOUNCEMENT CONTAINS OR MAY CONTAIN INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

For immediate release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

6 June 2024

MORRISONS ANNOUNCES SETTLEMENT OF ITS DEBT REDUCTION EXERCISE

Further to the announcement by Wm Morrison Supermarkets Limited ("Morrisons") on 3 June 2024, Morrisons today announces the successful completion of the Group's debt reduction exercise, consisting of (i) purchases of participations in facilities B1 and B2 under the Senior Facility Agreement in aggregate principal amounts of €774,752,590 and £115,605,917, respectively, and (ii) purchases of Notes subject to the Offers in an aggregate principal amount of £324,700,000 carried out in accordance with the terms and conditions set out in the tender offer memorandum dated 20 May 2024 prepared by Morrisons, Market Parent Finco plc and Market Bidco Finco plc (the "Tender Offer Memorandum"). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

In connection with the purchase of all of the outstanding 2031 Notes (Regulation S ISIN: XS2058692471; Regulation S Common Code: 205869247) in the Offers and their cancellation, Morrisons will request the London Stock Exchange to cancel the admission of the 2031 Notes to trading on the Main Market of the London Stock Exchange on or about 4 July 2024, pursuant to Rule 4.18 of the London Stock Exchange Admission and Disclosure Standards.

LEI Number (Wm Morrison Supermarkets Limited 213800IN6LSRGTZSOS29).

HSBC Bank plc has acted as Dealer Manager for the Offers.

Tender Offer Website: https://deals.is.kroll.com/morrisons.

Contact Details:

DEALER MANAGER

HSBC Bank plc

8 Canada Square
London E14 5HQ
United Kingdom

Email: [e-mail]

For information by telephone:

[phone]

Attention: Liability Management, DCM

TENDER AGENT

Kroll Issuer Services Limited
The Shard
32 London Bridge Street
London SE1 9SG
United Kingdom
Email: [e-mail]

For information by telephone:
[phone]
Attention: Thomas Choquet

The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Offers come are required by the Offerors, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions. If you are in any doubt as to the contents of this announcement or the Tender Offer Memorandum or the action you should take, you are recommended to seek your own financial and legal advice, including as to any tax consequences, immediately from your broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

For the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") as it forms part of UK domestic law by virtue of EUWA ("UK MAR") and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Jonathan Burke, the Company Secretary of Wm Morrison Supermarkets Limited.

 

END