Caixa Galicia Pref SA Soc. Uni. - Update
21 Julio 2009 - 1:00AM
UK Regulatory
TIDM32RL
RNS Number : 9853V
Caixa Galicia Pref SA Soc. Uni.
20 July 2009
20 July 2009
Announcement of result of written resolutions
IMPORTANT NOTICE
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON RESIDENT AND/OR LOCATED
IN THE UNITED STATES
OR THE REPUBLIC OF ITALY
Series B EURO 250,000,000 Step-Up Fixed/Floating Rate Non-Cumulative Perpetual
Guaranteed Preferred Securities (ISIN: XS0237727440) (the "Series B Preferred
Securities") and Series C EURO 150,000,000 Floating Rate Non-Cumulative
Perpetual Guaranteed Preferred Securities (ISIN: XS0294650535) (the "Series C
Preferred Securities" and together with the Series B Preferred Securities, the
"Preferred Securities") of Caixa Galicia Preferentes, S.A., Sociedad Unipersonal
(the "Issuer") guaranteed by Caja de Ahorros de Galicia
Cash tender offers in respect of up to EURO 201,000,000 Series B Preferred
Securities and in respect of up to EURO 85,000,000 Series C Preferred Securities
(the "Offers") and proposals to amend the terms and conditions of the Preferred
Securities (the "Consent Solicitations") announced by the Issuer on 18 June
2009
Capitalised terms used herein and not otherwise defined shall have the meanings
given to them in the tender offer and consent solicitation memoranda in
connection with each of the Offers and Consent Solicitations dated 18 June 2009
(the "Memoranda").
The Issuer has announced today that (i) Written Resolution Instructions
approving the Consent Solicitation relating to the Series B Preferred Securities
have been received from holders of Series B Preferred Securities representing
75.08% of the aggregate Liquidation Preference of all the outstanding Series B
Preferred Securities; and (ii) Written Resolution Instructions approving the
Consent Solicitation relating to the Series C Preferred Securities have been
received from holders of Series C Preferred Securities representing 71.00% of
the aggregate Liquidation Preference of all the outstanding Series C Preferred
Securities, and (iii) that, as a result of each of the Consent Solicitations
having been approved in writing by more than two-thirds of the aggregate
Liquidation Preference of all the outstanding Series B and Series C Preferred
Securities respectively, the amendment of the Conditions of the Preferred
Securities as set out in each of the Written Resolutions contained in the
Memoranda has been approved.
THE OFFER IS NOT BEING MADE IN, AND TENDERS WILL NOT BE ACCEPTED FROM, ANY
JURISDICTION WHERE IT WOULD BE DEEMED TO BE ILLEGAL.
IN PARTICULAR THE OFFER IS NOT BEING MADE TO ANY U.S. PERSON OR TO ANY PERSON OR
ADDRESS IN THE UNITED STATES OR THE REPUBLIC OF ITALY.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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