Provident Financial PLC Indicative Result of Tender Offer (1241O)
06 Octubre 2021 - 1:00AM
UK Regulatory
TIDMPFG
RNS Number : 1241O
Provident Financial PLC
06 October 2021
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM,
AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY
STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA
OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT
6 October 2021
PROVIDENT FINANCIAL PLC
announces the indicative results of the tender offer in relation
to its
GBP250,000,000 7.00 per cent. Notes due 2023
Further to its announcement on 29 September 2021, Provident
Financial plc (the "Company") hereby announces the indicative
results of the invitation to holders of its GBP250,000,000 7.00 per
cent. Notes due 2023 (ISIN: XS1827005411) unconditionally and
irrevocably guaranteed by each of Duncton Group Limited, Moneybarn
Group Limited, Moneybarn No.1 Limited and Provident Financial
Holdings Limited (the "Notes") to tender such Notes for purchase by
the Company for cash (the "Offer"). The Offer was made on the terms
and subject to the conditions contained in the tender offer
memorandum dated 29 September 2021 (the "Tender Offer Memorandum")
prepared by the Company.
The Offer remains subject to the conditions and restrictions set
out in the Tender Offer Memorandum. Capitalised terms used in this
announcement but not defined herewith have the meanings given to
them in the Tender Offer Memorandum.
The Expiration Deadline for the Offer was 4.00 p.m. (London
time) on 5 October 2021.
As at the Expiration Deadline, GBP71,453,000 in aggregate
principal amount of Notes had been validly tendered pursuant to the
Offer.
The Company intends to announce the aggregate principal amount
of Notes to be accepted and any pro-ration factor at or around 5.00
p.m. (London time) on 6 October 2021.
DEALER MANAGERS
Barclays Bank PLC Credit Suisse International
5 The North Colonnade One Cabot Square
Canary Wharf London E14 4QJ
London E14 4BB
Telephone: +44 203 134 8515 Telephone: +44 207 883 8763
Attention: Liability Management Group Attention: Liability Management Desk
Email: eu.lm@barclays.com Email: liability.management@credit-suisse.com
TENDER AGENT
Lucid Issuer Services Limited
The Shard
32 London Bridge Street
London SE1 9SG
Telephone: +44 20 7704 0880
Attention: Owen Morris / Illia Vyshenskyi
Email: pfg@lucid-is.com
This announcement is released by Provident Financial plc and
contains information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018 (the "EUWA") ("MAR"),
encompassing information relating to the Offer described above. For
the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055 as it forms part of domestic law by
virtue of the EUWA, this announcement is made by Charlotte Davies,
General Counsel at Provident Financial plc.
DISCLAIMER
The offer period for the Offer has now expired. No further
tenders of any Notes may be made pursuant to the Offer. This
announcement must be read in conjunction with the Tender Offer
Memorandum. This announcement and the Tender Offer Memorandum
contain important information which should be read carefully. If
any Holder is in any doubt as to the contents of this announcement
and/or the Tender Offer Memorandum or the action it should take, it
is recommended to seek its own financial and legal advice,
including in respect of any tax consequences, immediately from its
broker, bank manager, solicitor, accountant or other independent
financial, tax or legal adviser. The Dealer Managers and the Tender
Agent do not accept any responsibility for the accuracy or
completeness of the information contained in this announcement or
the Tender Offer Memorandum including (without limitation)
information concerning the Company or its subsidiaries and
affiliates or for any failure by the Company to disclose events
that may have occurred and may affect the significance or accuracy
of such information.
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END
RTEUVSBRAOURRAA
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October 06, 2021 02:00 ET (06:00 GMT)
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