HSBC Bank plc Pre Stabilisation Notice (1300Z)

TIDM63AS TIDM62HY

RNS Number : 1300Z

HSBC Bank plc

12 September 2022

12(th) September 2022

Western Power Distribution (East Midlands) plc

Pre Stabilisation Notice

HSBC (contact: 'synd manager'; telephone: +44 207 992 8066) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities

 
 The securities: 
 Issuer:                      Western Power Distribution (East Midlands) 
                               plc 
                             ------------------------------------------- 
 Guarantor (if any):          na 
                             ------------------------------------------- 
 Aggregate nominal 
  amount:                     EUR 500,000,000 / EUR 500,000,000 
                             ------------------------------------------- 
 Description:                 Fixed due 20(th) September 2028 / Fixed 
                               due 20(th) September 2032 
                             ------------------------------------------- 
 Offer price:                 TBC / TBC 
                             ------------------------------------------- 
 Other offer terms: 
                             ------------------------------------------- 
 Stabilisation: 
 Stabilising Manager(s):      HSBC Bank plc 
                             ------------------------------------------- 
 Stabilisation period         12(th) September 2022 
  expected to start 
  on: 
                             ------------------------------------------- 
 Stabilisation period         20(th) October 2022 
  expected to end no 
  later than: 
                             ------------------------------------------- 
 Existence, maximum           5% of the aggregate nominal amount 
  size & conditions 
  of use of over-allotment 
  facility[1]: 
                             ------------------------------------------- 
 Stabilisation Venue(s)       Over the counter (OTC) 
                             -------------------------------------------

In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

[1] Please note that the existence and the maximum size of any greenshoe option, the exercise period of the greenshoe option and any conditions for exercise of the greenshoe option must also be disclosed, if such option exists. In addition, the exercise of the greenshoe option must be disclosed to the public promptly, together with all appropriate details, including in particular the date of exercise and the number and nature of securities involved

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

STADZGMLGZKGZZM

(END) Dow Jones Newswires

September 12, 2022 06:50 ET (10:50 GMT)

Hsbc Bk 41 (LSE:63AS)
Historical Stock Chart
From Oct 2024 to Nov 2024