Notification of Repurchase of Convertible Bonds

Intu Properties plc - Notification of Repurchase of Convertible Bonds

PR Newswire

London, October 4

intu properties plc

LEI: 213800JSNTERD5CJZO95

Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State of the EU.

5 October 2017

Notification of Repurchase of Convertible Bonds

intu properties plc (the "Company") announces that it has repurchased a further £57,000,000 in aggregate principal amount of the £300,000,000 2.50 per cent. Convertible Bonds due 2018 issued by intu (Jersey) Limited and guaranteed by the Company (the "Convertible Bonds").

Following the previous purchase of £32,700,000 in aggregate principal amount of the Convertible Bonds, which was announced on 28 September 2017, and this purchase, £210,300,000 in aggregate principal amount of the Convertible Bonds remains outstanding. 

The Company may look to make further repurchases from time to time, subject to market conditions.

The Convertible Bonds which have been purchased will either be surrendered by the Company to the issuer for cancellation or be held until their maturity date.

This notification complies with LR 12.5.2 in relation to the repurchase of an additional 5% of the principal amount of the Convertible Bonds initially issued. Further announcements will be made in accordance with the Listing Rules in the event that more Convertible Bonds are purchased.

This notification does not constitute or form part of an offer to sell or purchase, or a solicitation of an offer to sell or purchase, the Convertible Bonds or any other securities.