26th May 2006 11:48
Hammerson PLC26 May 2006 Offer to Repurchase for Cash by Hammerson plc For any or all of its outstanding £200,000,000 10.75 per cent. Bonds due 2013 Following the pricing of the Offer today, the price payable on the SettlementDate for each Bond of £10,000 in principal amount accepted for repurchase willbe £13,300.20 (rounded to the nearest £0.01) (based on the Offer Side BenchmarkSecurity Rate of 4.583 per cent., Repurchase Spread of 65 bps, Repurchase Yieldof 5.233 per cent. and Repurchase Price of 133.002 per cent.). An AccruedInterest payment of £519.58 (rounded to the nearest £0.01) will also be paid onthe Settlement Date in respect of each such Bond. The Early Tender Premiumpayable to eligible Bondholders will be £75.60 (rounded to the nearest £0.01)for each Bond of £10,000 in principal amount. Capitalised terms used in thisparagraph have the meaning given in the Tender Offer Memorandum dated 3 May2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hammerson