Redemption pricing of EUR700m 4.875% due 2015

RNS Number : 3123A

Hammerson PLC

19 December 2014

 



Hammerson plc

19 December 2014

Hammerson plc announces redemption price for the early redemption of the EUR 700,000,000 4.875% Bonds due 2015

If you are in doubt about any aspect of this announcement and/or the action you should take, you should consult immediately your stockbroker, bank manager, solicitor, accountant or other professional advisor authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom) or another appropriately authorised independent financial adviser.

On 7 November 2014 Hammerson plc (the Company) announced the exercise of the Company's early redemption option in respect of the EUR 700,000,000 4.875% Bonds due 2015 of which EUR 480,050,000 is currently outstanding (ISIN: XS0257577345) (the Bonds).

Capitalised terms used in this announcement shall bear the meanings given to them in the Terms and Conditions of the Bonds set out in the Seventh Supplemental Trust Deed dated 19 June 2006 (the Terms and Conditions).

The Company confirms the following:

Redemption Price: 102.274% (excluding accrued interest)

Accrued interest: EUR 1,255.48 per EUR50,000 nominal

Total payment: EUR 52,392.48 per EUR50,000 nominal

The Bonds will be redeemed on 24 December 2014.

Holders of Bonds which are held by Clearstream, Luxembourg or Euroclear should contact the relevant corporate actions departments within the Clearing Systems for further information.

ENDS

 

END

 

 

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