15th Jun 2009 07:00
Punch Taverns (Redwood Jerseyco) Limited 15 June 2009
Punch Taverns (Redwood Jerseyco) Limited (the "Issuer")
Punch Taverns plc has today announced its intention to raise approximately £350 million by means of a Firm Placing and Placing and Open Offer of new ordinary shares and its intention to make a tender offer to holders of the £275,000,000 5.00 per cent. Guaranteed Convertible Bonds due 2010 (the "Bonds") of the Issuer to purchase any or all of the Bonds at a purchase price of not less than 95 per cent. (as a percentage of nominal principal amount outstanding).
Details of the tender offer will be announced following the determination of the Offer Price for the new ordinary shares.
This announcement does not constitute an offer to purchase Bonds nor the solicitation of an offer to sell Bonds.
15 June 2009
Enquiries to:
Punch Taverns plc020 7255 4002 Giles Thorley Chief Executive Phil Dutton Finance Director Ed Bashforth Head of Corporate Finance
Smithfield Group020 7360 4900 John Kiely Alex Simmons
Related Shares:
Punch Taverns PLC