9th Jul 2007 12:00
Compass Group PLC09 July 2007 9 JULY 2007 COMPASS GROUP PLC Announcement of Repurchase Spread Further to the announcement dated 3 July 2007 in relation to its invitation totender for purchase for cash up to EUR350,000,000 of its EUR750,000,000 6.00 percent. Notes due 29 May 2009 (the "Notes"), Compass Group PLC ("Compass") todayannounces that the repurchase spread is 2 basis points over the Interpolated2009 Mid-Swap Rate (the "Repurchase Spread"). Description of Common Code/ Outstanding Amount Subject Reference Repurchase Repurchase Spread Range the Notes ISIN Principal to the Offer Rate Spread Amount EUR750,000,000 014836381 EUR750,000,000 Up to Interpolated +2 bps -1.0 to +2.0 bps (inclusive)6.00 per cent. XS0148363814 EUR350,000,000 2009Notes due 29 in aggregate Mid-SwapMay 2009 principal Rate amount This announcement must be read in conjunction with the Tender Offer Memorandumdated 3 July 2007 (the "Tender Offer Memorandum"). All as further described in the Tender Offer Memorandum: • the Offer expires at 4.00 p.m. (London time) on Monday 16 July 2007, unless the period for the Offer is extended or re-opened or the Offer is terminated; • the repurchase price for the Notes accepted pursuant to the Offer is expected to be determined at or around 2.00 p.m. (London time) on Tuesday 17 July 2007 by reference to the sum of the Repurchase Spread and the Interpolated 2009 Mid-Swap Rate for the Notes; and • if the aggregate principal amount of validly tendered Notes is greater than EUR350,000,000 and Compass does not decide to accept Notes in excess thereof, Notes will be accepted for repurchase by Compass on a pro rata basis. Requests for copies of the Tender Offer Memorandum and further information inrelation to the Offer should be directed to the Dealer 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] Requests for information in relation to the procedures for tendering Notes inthe Offer and the submission of Tender Instructions should be directed to theTender Agent: The Bank of New York 40th Floor One Canada Square London E14 5AL For information by telephone: +44 20 7964 8849 Fax: +44 20 7964 2536 Attention: Sarah Taylor Email: [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 Group is the world's largest foodservice company with annual revenue ofc. £10.8 billion in the year to 30 September 2006. For more information visitwww.compass-group.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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