TIDMENOG
RNS Number : 1476X
Energean PLC
30 April 2021
THIS ANNOUNCEMENT IS NOT BEING MADE IN, AND COPIES OF IT MAY NOT
BE DISTRIBUTED OR SENT, DIRECTLY OR INDIRECTLY, INTO THE UNITED
STATES (EXCEPT THAT IT MAY BE SENT IN THE UNITED STATES DIRECTLY TO
QUALIFIED INSTITUTIONAL BUYERS, AS DEFINED IN RULE 144A UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, THAT ARE
QUALIFIED PURCHASERS (AS DEFINED IN SECTION 2(a)(51) OF THE
INVESTMENT COMPANY ACT OF 1940, AS AMENDED)), CANADA, JAPAN OR ANY
OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
Energean PLC announces satisfaction of the escrow release
conditions and release from escrow of proceeds of the
US$2,500,000,000 senior secured notes offering
April 30, 2021
Energean PLC ("Energean") (LSE: ENOG, TASE: ) is pleased to
announce that its subsidiary, Energean Israel Finance Ltd. (the
"Issuer"), has satisfied the escrow release conditions in respect
of its US$2.5 billion aggregate principal amount of senior secured
notes (the "Notes") offering, completed by the Issuer on March 24,
2021 (the "Offering"). As a result of satisfying the said escrow
release conditions, the proceeds of the Offering have been released
from escrow.
Mathios Rigas, Chief Executive of Energean PLC, said:
"In January, we promised that we would replace our project
finance facility with long-term debt and I am delighted that
Energean continues to deliver upon its stated targets. The
refinancing removes a perceived key risk on the Karish project and
advances us towards our goal of paying a meaningful and sustainable
dividend, whilst also enabling the next phase of our growth, in
which we expect to target a further 1 billion barrels of
prospective resources, offshore Israel. The Karish gas hub will
help displace the use of coal for power generation in Israel,
significantly reducing Israel's CO2 emissions and maintaining
Energean's journey towards our net zero by 2050 target."
The Notes are listed for trading on the TACT Institutional of
the Tel Aviv Stock Exchange Ltd.
The Notes may not be offered or sold in the United States
without registration or pursuant to an exemption therefrom. The
Notes will be offered to (a) qualified institutional buyers in the
United States pursuant to Rule 144A of the United States Securities
Act 1933, as amended (the "Securities Act") that are qualified
purchasers (as defined in section 2(a)(51) of the Investment
Company Act of 1940, as amended (the "Investment Company Act")), or
(b) non-U.S. persons (as defined in Regulation S of the Securities
Act) outside the United States in reliance on Regulation S.
Enquiries
Investors, Analysts
and Media
Kate Sloan, Head of Tel: +44 07917 608 645
IR and ECM
Forward Looking Statements
This announcement may contain forward-looking statements that
involve substantial risks and uncertainties. All statements other
than statements of historical facts included in this release
including, without limitation, statements regarding the Group's
future financial position, risks and uncertainties related to its
business, strategy, capital expenditures, projected costs and the
Group's plans and objectives for future operations, may be deemed
to be forward-looking statements. Words such as "believe,"
"expect," "anticipate," "may," "assume," "plan," "intend," "will,"
"should," "estimate," "risk," and similar expressions or the
negatives of these expressions are intended to identify
forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks and uncertainties
because they relate to events and depend on circumstances that may
or may not occur in the future. Forward-looking statements are not
guarantees of future performance. You should not place undue
reliance on these forward-looking statements. The Group does not
assume any obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Disclaimer
Not for distribution, directly or indirectly, in or into the
United States (except that it may be sent in the United States
directly to Qualified Institutional Buyers, as defined in Rule 144A
under the Securities Act that are Qualified Purchasers (as defined
in section 2(a)(51) of the Investment Company Act)), Canada, Japan
or any other jurisdiction where to do so would be unlawful.
This announcement does not constitute or form part of, and
should not be construed as, any offer, invitation or recommendation
to purchase, sell or subscribe for, underwrite or otherwise
acquire, any securities of the Group or a successor entity or any
existing or future subsidiary or affiliate of the Group or any
other securities, nor should it or any part of it form the basis
of, or be relied on in connection with, any decision to purchase or
subscribe for any securities of the Group or any of such
subsidiaries or affiliates, nor shall it or any part of it form the
basis of or be relied on in connection with any contract or
commitment whatsoever.
The securities to which this announcement relates have not and
will not be registered under the Securities Act or the securities
laws, or with any securities regulatory authority, of any state of
the United States or other jurisdiction of the United States, and
the securities may not be offered or sold within the United States,
or to, or for the account or benefit of, U.S. Persons (as defined
in Regulation S under the Securities Act), except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and any applicable
state or local securities laws. There will be no public offer of
securities in the United States. Energean Israel Finance Ltd., a
subsidiary of Energean, is not and will not be registered as an
investment company under the Investment Company Act, in reliance on
the exemption set forth in Section 3(c)(7) of the Investment
Company Act and the rules thereunder, and therefore, investors will
not have the benefits afforded to investors in companies registered
under the Investment Company Act.
In member states of the European Economic Area and in the United
Kingdom, this announcement (and any offer of the securities
referred to herein if made subsequently) is only addressed to and
directed at persons who are "qualified investors" within the
meaning of Prospectus Regulation (EU) 2017/1129 (including as it
forms part of United Kingdom law by virtue of the European Union
(Withdrawal) Act 2018), in each case provided that they are also
additionally a TACT EU Qualified Investor as defined in Annex II to
MiFID II, who are authorized or regulated by a member state of the
EEA or the UK, as applicable.
In the United Kingdom, this announcement is directed only at
persons who are qualified investors who are (i) persons having
professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (ii) high net
worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
or (iii) persons to whom it would otherwise be lawful to distribute
it (all such persons together being referred to as "relevant
persons"). In the United Kingdom, any investment activity to which
this announcement relates will only be available to, and will only
be engaged with, relevant persons. Any person who is not a relevant
person should not act or rely on this announcement or any of its
contents.
The Notes are being offered in Israel on the basis of a private
placement in reliance on an exemption pursuant to Sections
15a(b)(1) and 15a(b)(2) of the Israeli Securities Law. The Notes
have not been, and will not be, offered to the public in Israel
within the meaning of the Israeli Securities Law and no prospectus
will be filed in Israel in connection with the Offering.
The provision of the information herein may be restricted by
laws and regulations in some jurisdictions. Persons into whose
possession the information herein comes must inform themselves
about and observe these restrictions.
This announcement and the information contained herein are for
information purposes only. Under no circumstances shall the
information herein constitute a prospectus or an offer to sell, or
a solicitation of an offer to buy or subscribe for, any securities
in the United States of America or in any other jurisdiction.
This announcement contains information that prior to its
disclosure may have constituted inside information under Article 7
of Regulation (EU) No 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPPUMACUPGPUB
(END) Dow Jones Newswires
April 30, 2021 02:00 ET (06:00 GMT)
Energean (LSE:ENOG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Energean (LSE:ENOG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024