Tender Offer
July 24 2009 - 9:01AM
UK Regulatory
TIDM32RL
RNS Number : 2616W
Caixa Galicia Pref SA Soc. Uni.
24 July 2009
24 July 2009
Announcement of the results of the Offer
IMPORTANT NOTICE
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON RESIDENT AND/OR LOCATED
IN THE UNITED STATES
OR THE REPUBLIC OF ITALY
Series B EURO 250,000,000 Step-Up Fixed/Floating Rate Non-Cumulative Perpetual
Guaranteed Preferred Securities (ISIN: XS0237727440) (the "Series B Preferred
Securities") and Series C EURO 150,000,000 Floating Rate Non-Cumulative
Perpetual Guaranteed Preferred Securities (ISIN: XS0294650535) (the "Series C
Preferred Securities" and together with the Series B Preferred Securities, the
"Preferred Securities") of Caixa Galicia Preferentes, S.A., Sociedad Unipersonal
(the "Issuer") guaranteed by Caja de Ahorros de Galicia
Cash tender offers in respect of up to EURO 201,000,000 Series B Preferred
Securities and in respect of up to EURO 85,000,000 Series C Preferred Securities
(the "Offers") and proposals to amend the terms and conditions of the Preferred
Securities (the "Consent Solicitations") announced by the Issuer on 18 June 2009
Capitalised terms used herein and not otherwise defined shall have the meanings
given to them in the tender offer and consent solicitation memoranda in
connection with each of the Offers and Consent Solicitations dated 18 June 2009
(the "Memoranda").
Pursuant to the terms of the Memoranda, the Issuer hereby announces that it has
successfully completed the repurchase of Preferred Securities in respect of
which the Offers have been accepted.
The total aggregate amounts in Liquidation Preference of Preferred Securities
that have been purchased by the Issuer as a result of the Offers are (i) EUR
39,500,000 of Series B Preferred Securities and (ii) EUR 6,800,000 of Series C
Preferred Securities. All such repurchased Preferred Securities will be
cancelled and will not be resold.
The amount in Liquidation Preference of Preferred Securities which remain
outstanding following the aforementioned repurchase is (i) EUR 210,500,000 EUR of
Series B Preferred Securities and (ii) EUR 143,200,000 of Series C Preferred
Securities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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