Compass Group PLC
17 July 2007
17 JULY 2007
COMPASS GROUP PLC ('Compass')
Announcement of the Aggregate Principal Amount of Notes accepted for Repurchase
following the Invitation to Tender for purchase for Cash up to EUR350,000,000 of
its EUR750,000,000 6.00 per cent. Notes due 29 May 2009 (the 'Notes')
Further to the invitation to Noteholders to tender Notes for cash (the 'Offer')
on the terms and subject to the conditions contained in the Tender Offer
Memorandum dated 3 July 2007 (the 'Tender Offer Memorandum'), Compass today
announces that approximately 80% validly tendered Notes have been accepted for
repurchase. This announcement should be read in conjunction with the Tender
Offer Memorandum
Following receipt by the Tender Agent of valid tender instructions in respect of
EUR 565,475,000 in aggregate principal amount of the Notes, Compass has elected
to accept for repurchase on a pro rata basis EUR 450,000,000 in aggregate
principal amount of the Notes.
As a result, on the Settlement Date (which is expected to be 20 July 2007) EUR
450,000,000 in aggregate principal amount of the Notes will be repurchased by
Compass and EUR 300,000,000 in aggregate principal amount of the Notes will
remain outstanding.
The repurchase price for the Notes accepted pursuant to the Offer is expected to
be determined at or around 2.00 p.m. (London time) on 17 July 2007 in the manner
described in the Tender Offer Memorandum by reference to the sum of the
Repurchase Spread (being 2 basis points over the Interpolated 2009 Mid-Swap Rate
for the Notes) and such Interpolated 2009 Mid-Swap Rate.
Requests for information in relation to the Offer should be directed to the
Dealer Managers:
ABN AMRO Bank N.V. Barclays Bank PLC The Royal Bank of Scotland
plc
250 Bishopsgate 5 The North 135 Bishopsgate
Colonnade
London EC2M 4AA Canary Wharf London EC2M 3UR
For information by telephone: London E14 4BB For information by
telephone:
+44 (0)20 7678 3644 For information by +44 (0)20 7085 8056/3781
telephone:
Fax: +44 (0)20
7678 3597 +44 (0)20 7773 8575 Fax: +44 (0)20 7085 5510
E-mail: Fax: +44 (0)20 7516 E-mail:
liability.management@abnamro.com 8048 liabilitymanagement@rbos.com
E-mail:
eu.lm@barcap.com
OFFER AND DISTRIBUTION RESTRICTIONS
The Offer and the distribution of the Tender Offer Memorandum in certain
jurisdictions may be restricted by law. Persons into whose possession the Tender
Offer Memorandum comes are required by Compass and the Dealer Managers to inform
themselves about and to observe any such restrictions. It is the responsibility
of any such person wishing to accept the Offer to satisfy himself as to the full
observance of the laws of the relevant jurisdiction in connection therewith and
the compliance with any other necessary formalities.
In particular, this notice is not for distribution in the United States, to U.S.
persons or to persons in the Republic of Italy or to Italian persons.
Compass or the Compass Group is the world's largest foodservice company with
annual revenue of c. £10.8 billion in the year to 30 September 2006. For more
information visit www.compass-group.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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