TIDM96DV
RNS Number : 7198Z
Vattenfall AB
25 May 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO
ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, 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 OR THE DISTRICT OF
COLUMBIA (THE "UNITED STATES") OR IN ANY OTHER JURISDICTION WHERE
IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
ANNOUNCEMENT.
25 May 2021
VATTENFALL AB (publ) ANNOUNCES FINAL RESULTS OF OFFERS
Further to its announcements on 10 May 2021, 19 May 2021 and 20
May 2021, Vattenfall AB (publ) (the "Company") now announces the
final results for the purposes of its invitation to Qualifying
Holders of its outstanding SEK3,000,000,000 Fixed Rate Reset
Capital Securities due 2077 (ISIN: XS1205627547) (the "Fixed Rate
Capital Securities") and SEK3,000,000,000 Floating Rate Capital
Securities due 2077 (ISIN: XS1205625251) (the "Floating Rate
Capital Securities" and together with the Fixed Rate Capital
Securities, the "Capital Securities" and each a "Series") to tender
such Capital Securities for purchase by the Company for cash.
The Offers were announced on 10 May 2021 and were made on the
terms and subject to the conditions contained in the tender offer
memorandum dated 10 May 2021 (the "Tender Offer Memorandum") and
the announcements made by the Company on 19 May 2021 and 20 May
2021 (the "Announcements") relating to the Capital Securities.
Capitalised terms used but not otherwise defined in this
announcement shall have the meaning given to them in the Tender
Offer Memorandum and the Announcements.
The Expiration Time for the Offers was 5.00 p.m. (CEST) on 24
May 2021.
The Company hereby announces that, subject to the Transaction
Condition being waived or satisfied, it will accept for purchase at
the relevant Purchase Price all Capital Securities validly Offered
for Sale under the Offers pursuant to Tender Instructions, without
scaling, in an aggregate principal amount of SEK 2,837,290,000. The
aggregate principal amount of each Series validly accepted for
purchase (each a "Series Acceptance Amount") will be as set out in
the table below.
Description ISIN Series Acceptance Amount Purchase Price
SEK3,000,000,000 Fixed Rate Capital Securities XS1205627547 SEK1,023,490,000 102.16 per cent.
------------- ------------------------- -----------------
SEK3,000,000,000 Floating Rate Capital Securities XS1205625251 SEK1,813,800,000 101.52 per cent.
------------- ------------------------- -----------------
Capital Securities purchased by the Company pursuant to the
Offers will be cancelled by the Company. Capital Securities which
have not been validly submitted and accepted for purchase pursuant
to the Offers will remain outstanding.
Payment of the Tender Consideration in respect of the Capital
Securities will occur on the Settlement Date for the Offers which
is expected to be 26 May 2021, subject to the right of the Company
to amend or vary the terms of (including the timetable for) the
Offers.
Any requests for information in relation to the Offers should be
directed to the Dealer Managers or the Tender Agent whose contact
details are listed below.
Citigroup Global Markets Limited DEALER MANAGERS Swedbank AB (publ)
Citigroup Centre Skandinaviska Enskilda Banken AB (publ) Large Corporates & Institutions
Canada Square Kungsträdgårdsgatan 8 SE-105 34 Stockholm
Canary Wharf SE-106 40 Stockholm Sweden
London E14 5LB Sweden Telephone: +46 (0) 8 700 92 22
United Kingdom Telephone: +46 (0) 8 506 231 31 Attn: Syndicate
Telephone: +44 (0) 20 7986 8969 Attn: Liability Management Email: syndicate@swedbank.se
Attn: Liability Management Group Email: liabilitymanagementdcm@seb.se
Email: liabilitymanagement.europe@citi.com
THE TENDER AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: +44 20 7704 0880
Attn: Mu-yen Lo/Owen Morris
Email: vattenfall@lucid-is.com
DISCLAIMER
This announcement must be read in conjunction with the Tender
Offer Memorandum and the Announcements. This announcement, the
Tender Offer Memorandum and the Announcements contain important
information. If any Qualifying Holder is in any doubt as to the
contents of this announcement, the Tender Offer Memorandum, the
Announcements or the action it should take, it is recommended to
seek its own financial, legal and tax advice, including in respect
of any tax consequences, immediately from its broker, bank manager,
solicitor, accountant or other independent financial, tax or legal
adviser.
None of the Company, the Dealer Managers or the Tender Agent or
any of their respective directors, employees, officers, agents or
affiliates has expressed any opinion about the merits of the Offers
or made any recommendation as to whether or not any Qualifying
Holder should Offer to Sell its Capital Securities and no one has
been authorised by the Company, the Dealer Managers or the Tender
Agent to make any such recommendation.
Nothing in this announcement or the Tender Offer Memorandum or
the Announcements or the electronic transmission thereof
constitutes an invitation to participate in the Offers in or from
any jurisdiction in or from which, or to or from any person to or
from whom, it is unlawful to make such invitation under applicable
securities laws. The distribution of this announcement, the Tender
Offer Memorandum and the Announcements in certain jurisdictions may
be restricted by law. Persons into whose possession this
announcement, the Tender Offer Memorandum and/or the Announcements
comes are required by each of the Company, the Dealer Managers and
the Tender Agent to inform themselves about, and to observe, any
such restrictions.
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END
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