12th Jul 2007 15:59
Hammerson PLC12 July 2007 Hammerson Plc12 July 2007 STOCK EXCHANGE ANNOUNCEMENT HAMMERSON PLC Notice of intention to redeem those of the £200,000,000 10.75 per cent. Bonds due 2013 (ISIN: GB0004063078) issued by Hammerson Plc (the "Issuer") and presently outstanding (the "Bonds") Pursuant to the terms and conditions of the Bonds, constituted by a trust deeddated 7 March 1989 (as supplemented on 13 May 1992 and as further supplementedby virtue of an extraordinary resolution passed on 12 July 2007 (the "Extraordinary Resolution")) (the "Trust Deed"), the Issuer may, on giving notmore than 4 nor less than 1 days' notice to The Law Debenture TrusteeCorporation Plc (the "Trustee"), and the holders of the Bonds, redeem on any daysome or all of the outstanding Bonds at an amount calculated by reference to amodified spens formula contained in the Trust Deed, together with all accruedand unpaid interest thereon to the date fixed for redemption. The Issuer is today giving notice to the holders of all the Bonds pursuant tothe terms and conditions of the Bonds that it intends to redeem all Bonds inissue on 17 July 2007 together with all accrued and unpaid interest thereon. Those holders of the Bonds which submitted instructions in respect of theExtraordinary Resolution by 4 p.m. on 4 July 2007 shall be entitled to the EarlyResponse Redemption Price agreed spread, as set out below, and those holders ofthe Bonds who submitted instructions in respect of the Extraordinary Resolutionafter 4 p.m. on 4 July 2007 shall be entitled to the Redemption Price agreedspread, as set out below: Early Response Redemption Redemption Price Reference Gilt Price agreed spread agreed spread 0.400% 0.425% 5.00% UK Treasury Gilt due September 2014 On that basis, at 3.00 p.m. today The Royal Bank of Scotland plc, as consentsolicitation agent in relation to the Bonds, calculated the Early ResponseRedemption Price as £124.093 per £100 nominal of Bonds, and calculated theRedemption Price as £123.939 per £100 nominal of Bonds. Issuer TrusteeHammerson Plc The Law Debenture Trust Corporation Plc10 Grosvenor Street Fifth FloorLondon W1K 4BJ 100 Wood Street London EC2V 7EXTel: +44 (0) 20 7887 1013Attn: Duncan Beardsley Tel: +44 (0) 20 7696 5221 Attn: Katy LeGros Consent Solicitation Agent Principal Paying AgentThe Royal Bank of Scotland Kredietbank Luxembourg135 Bishopsgate 43, Boulevard RoyalLondon EC2M 3UR L-2955 Luxembourg Tel: +44 (0) 20 7085 3781 Tel: +352 47 97 53 41Attn: Gianmarco Deiana Attn: Marie-Jeanne Siebenborn Transaction Co-ordinatorThe Bank of New YorkOne Canada SquareLondon E14 5AL Tel: +44 (0) 20 7964 8819Attn: Amaka Onyekwelu This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hammerson