FKI plc - Pricing announcemen

RNS Number : 4905K

Melrose PLC

19 December 2008

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR THE REPUBLIC OF ITALY

19 December 2008

NOTICE

To the holders of the

EUR600,000,000 6.625 per cent. Guaranteed Bonds due 2010 (the "Bonds")

issued by FKI plc (the "Issuer")

Confirmation of the Early Redemption Amount, Interpolated Mid-Swap Rate and Accrued Interest Payment

This announcement is made in respect of the Issuer's obligation to redeem the Bonds, as set out in Condition 6(c) of the terms and conditions of the Bonds set out in the trust deed dated 22 February 2000 (as supplemented by a supplemental trust deed dated 18 December 2008 the "Trust Deed"). Terms and expressions defined in the Trust Deed have the same meaning in this announcement.

FKI plc hereby confirms to the Bondholders that, in accordance with the provisions of the Trust Deed, the settlement date in respect of its redemption of the outstanding Bonds will be 23 December 2008.

FKI plc hereby confirms the calculation of the Early Redemption Amount, Interpolated Mid-Swap Rate and Accrued Interest for such Bonds, as calculated in accordance with the provisions of the Trust Deed at or around 11 a.m. on 19 December 2008.

Interpolated Mid-Swap Rate:  2.842%

1.       Interpolated Mid-Swap Rate: 2.842%

2.       Early Redemption Amount: 103.100%, which equates to EUR 1,031.00 per EUR1,000 in principal amount of the Bonds

3.       Accrued Interest Payment: 5.521%, which equates to EUR 55.21 per EUR 1,000 in principal amount of the Bonds

Important Notice

No offer or invitation to purchase any Bonds or proposals to Bondholders is being made pursuant to this notice. A copy of the Trust Deed is available at the offices of BNY Corporate Trustee Services Limited, as the Trustee, at One Canada Square, London, E14 5AL. 

 

END

 

 

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