17th Jul 2007 15:26
Compass Group PLC17 July 2007 17 JULY 2007 COMPASS GROUP PLC ("Compass") Announcement of the pricing and the results of the Invitation to Tender for purchase for Cash up to EUR450,000,000 of its EUR750,000,000 6.00 per cent. Notes due 29 May 2009 (the "Notes") Further to the acceptance of EUR450,000,000 in aggregate principal amount of theNotes for repurchase by Compass on a pro rata basis, Compass today announces theRepurchase Price of such Notes. This announcement should be read in conjunctionwith the Tender Offer Memorandum dated 3 July 2007 (the "Tender OfferMemorandum"). The Repurchase Price has been calculated at 102.097% being the sum of (a) theReference Rate and (b) the Repurchase Spread. The Reference Rate has been set at 4.764%, being the Interpolated 2009 Mid-SwapRate at or around 2.00 p.m. (London time) today. As announced on 9 July 2007, the Reference Spread is 2 basis points over theInterpolated 2009 Mid-Swap Rate. The Repurchase Amount in respect of each EUR1,000 in principal amount of Notesaccepted for repurchase is EUR1,020.97(being the product of the Repurchase Priceand EUR1,000). Compass will also pay interest accrued and unpaid per EUR1,000 nominal amount onthe Notes from (and including) the immediately preceding interest payment dateto (but excluding) the Settlement Date (which is expected to be 20 July 2007)which has been calculated at EUR8.52 per EUR1,000 nominal amount on the Notes. The total amount Compass will pay Noteholders on the Settlement Date for eachEUR1,000 in principal amount of Notes accepted for repurchase will beEUR1,029.49 (being the sum of the Repurchase Amount and Accrued Interest). Description of Common Code/ Outstanding Amount Subject Reference Repurchase Repurchase Accrued the Notes ISIN Principal to the Offer Rate Spread Price Interest Amount EUR750,000,0006.00 per cent.Notes due 29May 2009 014836381 EUR750,000,000 EUR450,000,000 Interpolated +2.0 bps 102.097% 8.52 per in aggregate 2009 EUR1,000 principal Mid-Swap amount Rate XS0148363814 Requests for further information should be directed to the Dealer Managers: ABN AMRO Bank N.V. Barclays Bank PLC The Royal Bank of Scotland plc 250 Bishopsgate The North Colonnade 135 Bishopsgate London EC2M 4AA Canary Wharf London EC2M 3UR For information by London E14 4BB For information by telephone: +44 (0)20 7678 3644 For information by telephone: +44 (0)20 7085 8056/3781 Fax: +44 (0)20 7678 3597 telephone: +44 (0)20 7773 8575 Fax: +44 (0)20 7085 5510E-mail: [email protected] Fax: +44 (0)20 7516 8048 E-mail: [email protected] E-mail: [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:
Compass Group