TIDMORSTED 
 
 
   NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN 
THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE 
OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED 
STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE 
U.S. SECURITIES ACT OF 1933) OR IN OR INTO ANY OTHER JURISDICTION WHERE 
IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 
 
   Ørsted A/S (formerly known as DONG Energy A/S) ("Ørsted") 
announces today the results of its invitation to holders of its EUR 
600,000,000 3.0 per cent. Callable Subordinated Capital Securities due 6 
November 3015 (the "Securities") to tender such Securities for purchase 
by Ørsted for cash (such invitation, the "Offer") 
 
   The Offer was announced on 27 November 2019 and was made on the terms 
and subject to the conditions contained in the tender offer memorandum 
dated 27 November 2019 (the "Tender Offer Memorandum") prepared by 
Ørsted. Capitalised terms used in this announcement but not defined 
herein have the meanings given to them in the Tender Offer Memorandum. 
 
   The Expiration Deadline for the Offer was 17.00 (CET) on 5 December 
2019. As at the Expiration Deadline, EUR 523,717,000 in aggregate 
principal amount of the Securities had been validly tendered pursuant to 
the Offer. 
 
   Subject to satisfaction (or waiver) of the New Issue Condition, 
Ørsted hereby announces that it has decided to accept for purchase 
any and all Securities validly tendered pursuant to the Offer as set out 
below. 
 
   Description: EUR 600,000,000 3.0 per cent. Securities due 6 November 
3015 
 
 
   -- ISIN: XS1227607402 
 
   -- Purchase Yield: -0.35% 
 
   -- Purchase Price: 102.249 % 
 
   -- Final acceptance amount: EUR 523,717,000 
 
   -- Principal amount outstanding after Settlement Date: EUR 76,283,000 
 
 
   The applicable Purchase Price together with Accrued Interest will be 
paid to Holders whose Securities have been accepted for purchase by 
Ørsted. Settlement is expected to occur on 9 December 2019. 
 
   Subject to satisfaction (or waiver) of the New Issue Condition and 
completion and settlement of the Offer, each expected to occur on 9 
December 2019, more than 80 per cent of the initial principal amount of 
the Securities will have been purchased by Ørsted. Pursuant to the 
Terms and Conditions of the Securities, Ørsted will have the option 
to redeem all of the remaining outstanding Securities together with 
accrued interest thereon by giving the Holders thereof not less than 30 
nor more than 60 days' notice. Ørsted intends to exercise this 
option following the settlement of the Offer. 
 
   The information in this announcement does not change Ørsted's 
financial guidance for the financial year 2019 or the announced expected 
investment level for 2019. 
 
   Further information 
 
   Media Relations 
 
   Ulrik Frøhlke 
 
   +45 99 55 95 60 
 
   Investor Relations 
 
   Allan Bødskov Andersen 
 
   +45 99 55 79 96 
 
   The Ørsted vision is a world that runs entirely on green energy. 
Ørsted develops, constructs and operates offshore and onshore wind 
farms, solar farms and energy storage facilities, bioenergy plants and 
provides energy products to its customers. Headquartered in Denmark, 
Ørsted employs 6,500 people. Ørsted's shares are listed on 
Nasdaq Copenhagen (Ørsted). In 2018, the group's revenue was DKK 
76.9 billion (EUR 10.3 billion). For more information on Ørsted, 
visit Ørsted.com or follow us on Facebook, LinkedIn, Instagram and 
Twitter. 
 
   Attachment 
 
 
   -- 05DEC2019_Company announcement_Orsted_Hybrid Tender Result Announcement 
      https://ml-eu.globenewswire.com/Resource/Download/1394e524-aa7b-465b-9fca-5d3484f11cd0 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

December 05, 2019 13:37 ET (18:37 GMT)