17th Jul 2007 11:00
Compass Group PLC17 July 2007 17 JULY 2007 COMPASS GROUP PLC ("Compass") Announcement of the Aggregate Principal Amount of Notes accepted for Repurchasefollowing the Invitation to Tender for purchase for Cash up to EUR350,000,000 ofits EUR750,000,000 6.00 per cent. Notes due 29 May 2009 (the "Notes") Further to the invitation to Noteholders to tender Notes for cash (the "Offer")on the terms and subject to the conditions contained in the Tender OfferMemorandum dated 3 July 2007 (the "Tender Offer Memorandum"), Compass todayannounces that approximately 80% validly tendered Notes have been accepted forrepurchase. This announcement should be read in conjunction with the TenderOffer Memorandum Following receipt by the Tender Agent of valid tender instructions in respect ofEUR 565,475,000 in aggregate principal amount of the Notes, Compass has electedto accept for repurchase on a pro rata basis EUR 450,000,000 in aggregateprincipal amount of the Notes. As a result, on the Settlement Date (which is expected to be 20 July 2007) EUR450,000,000 in aggregate principal amount of the Notes will be repurchased byCompass and EUR 300,000,000 in aggregate principal amount of the Notes willremain outstanding. The repurchase price for the Notes accepted pursuant to the Offer is expected tobe determined at or around 2.00 p.m. (London time) on 17 July 2007 in the mannerdescribed in the Tender Offer Memorandum by reference to the sum of theRepurchase Spread (being 2 basis points over the Interpolated 2009 Mid-Swap Ratefor the Notes) and such Interpolated 2009 Mid-Swap Rate. Requests for information in relation to the Offer should be directed to theDealer Managers: ABN AMRO Bank N.V. Barclays Bank PLC The Royal Bank of Scotland plc 250 Bishopsgate 5 The North 135 Bishopsgate Colonnade London EC2M 4AA Canary Wharf London EC2M 3UR For information by telephone: London E14 4BB For information by telephone: +44 (0)20 7678 3644 For information by +44 (0)20 7085 8056/3781 telephone: Fax: +44 (0)20 7678 3597 +44 (0)20 7773 8575 Fax: +44 (0)20 7085 5510 E-mail: Fax: +44 (0)20 7516 E-mail:[email protected] 8048 [email protected] E-mail: [email protected] OFFER AND DISTRIBUTION RESTRICTIONS The Offer and the distribution of the Tender Offer Memorandum in certainjurisdictions may be restricted by law. Persons into whose possession the TenderOffer Memorandum comes are required by Compass and the Dealer Managers to informthemselves about and to observe any such restrictions. It is the responsibilityof any such person wishing to accept the Offer to satisfy himself as to the fullobservance of the laws of the relevant jurisdiction in connection therewith andthe compliance with any other necessary formalities. In particular, this notice is not for distribution in the United States, to U.S. persons or to persons in the Republic of Italy or to Italian persons. Compass or the Compass Group is the world's largest foodservice company withannual revenue of c. £10.8 billion in the year to 30 September 2006. For moreinformation visit www.compass-group.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Compass Group