Wm Morrison Supermarkets Limited Redemption of Notes (1741K)
May 03 2022 - 11:55AM
UK Regulatory
TIDM91WZ
RNS Number : 1741K
Wm Morrison Supermarkets Limited
03 May 2022
Wm Morrison Supermarkets Limited
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES AS INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE
REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).
GBP400,000,000 4.625 per cent. Notes due 8 December 2023 issued
by Wm Morrison Supermarkets Plc (the predecessor to Wm Morrison
Supermarkets Limited) guaranteed by Safeway Limited, Safeway Stores
Limited and Optimisation Investments Limited under the
GBP3,000,000,000 Euro Medium Term Note Programme (ISIN
XS0717069073) (the "Notes")
3 May 2022
Determination of Optional Redemption Amount
Reference is made to the announcement dated 5 April 2022 by Wm
Morrison Supermarkets Limited (the "Issuer") of its intention to
exercise its call option in respect of all the outstanding Notes
issued under the GBP3,000,000,000 Euro Medium Term Note Programme
on 6 May 2022 (the "Redemption"). Unless otherwise defined herein,
the defined terms used have the meanings given to them in the terms
and conditions of the Notes (the "Conditions").
In connection with the Redemption, the Issuer appointed a
Financial Adviser to determine the Optional Redemption Amount based
on the higer of par and the price at which the Gross Redemption
Yield on the Notes is equal to the Gross Redemption Yield
(determined by reference to the middle market price) at 3.00 p.m.
London time on the Optional Redemption Calculation Date (being 3
May 2022) of the Reference Bond (determined in accordance with the
Final Terms to be the 2.25 per cent UK Treasury Stock due September
2023), plus any applicable margin (as set out in the Final Terms),
together with accrued and unpaid interest.
NOTICE IS HEREBY GIVEN THAT the Optional Redemption Amount so
determined in accordance with the Conditions is GBP1,047.80 per
GBP1,000 aggregate principal amount for the Notes outstanding. In
addition, an amount equal to GBP18.93 per GBP1,000 in respect of
accrued and unpaid interest to (but excluding) the Redemption Date
shall be payable in respect of the Notes.
The Optional Redemption Date for the Notes is 6 May 2022.
For further information, holders of the Notes should
contact:
Wm Morrison Supermarkets Limited
Rebecca Jones, Head of Finance - Phone: +44 7581 151 837
Investor Relations
Richard Nichols, Finance Director Phone: +44 7964 109 866
- Tax and Treasury
LEI Number (Wm Morrison Supermarkets Limited
213800IN6LSRGTZSOS29)
For the purposes of the Market Abuse Regulation (EU) 596/2014,
as it forms part of UK domestic law by virtue of the EUWA ("UK
MAR") and Article 2 of the binding technical standards published by
the Financial Conduct Authority in relation to UK MAR as regards
Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Jonathan Burke, the Company Secretary of Wm
Morrison Supermarkets Limited.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUPUWAAUPPGAW
(END) Dow Jones Newswires
May 03, 2022 11:55 ET (15:55 GMT)
Morrison.wm 31 (LSE:91WZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Morrison.wm 31 (LSE:91WZ)
Historical Stock Chart
From Jul 2023 to Jul 2024