Johnston Press PLC Closing of Issuance of Notes (3459H)
May 16 2014 - 6:27AM
UK Regulatory
TIDMJPR
RNS Number : 3459H
Johnston Press PLC
16 May 2014
16 May 2014
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN
OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH
THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER
RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE
END OF THE PRESS RELEASE.
Johnston Press plc
ISSUANCE BY JOHNSTON PRESS BOND PLC
OF GBP225 MILLION SENIOR SECURED NOTES
Further to the announcement of its capital refinancing plan on 9
May 2014 and the announcement on 14 May 2014 of the pricing of the
offering by Johnston Press Bond plc of an aggregate of GBP225
million 8.625% senior secured notes due 2019 at an issue price of
98% (the "Notes"), Johnston Press plc ("Johnston Press") today
announces the closing of the issuance of the Notes by Johnston
Press Bond plc.
The gross proceeds of GBP220.5 million from the issuance of the
Notes has been placed into an escrow account. The release of the
escrowed proceeds will be subject to the satisfaction of certain
conditions in connection with the capital refinancing plan
including the receipt of proceeds by Johnston Press from the
placing and rights issue announced on 9 May 2014.
For further information, please contact:
Johnston Press
Ashley Highfield, Chief Executive Officer
David King, Chief Financial Officer
Jane Muirhead, Group Head of PR
+44 (0) 20 7612 2616
Buchanan
Richard Oldworth/Sophie McNulty/Clare Akhurst
+44 (0) 20 7466 5000
IMPORTANT NOTICE
This announcement has been issued by and is the sole
responsibility of Johnston Press ("Johnston Press" or the
"Company").
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES
NOT CONSTITUTE A PROSPECTUS OR ANY OFFER OF SECURITIES FOR SALE OR
A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR
IN ANY OTHER JURISDICTION.
The Notes have not been and will not be registered under the US
securities Act of 1933, as amended (the "Securities Act") or under
the applicable securities laws of any state or other jurisdiction
of the United States or the securities legislation of any province
or territory of Canada, Australia, Japan or the Republic of South
Africa. Accordingly, the Notes may not be offered, sold resold,
delivered or distributed, directly or indirectly, in or into the
United States absent registration, or an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and in compliance with state securities laws, or in
or into Canada, Australia, Japan or the Republic of South Africa
except in accordance with applicable law. There will be no public
offer of the Notes in the United States, Canada, Australia, Japan
or the Republic of South Africa.
Within the United Kingdom, this announcement is directed only at
persons having professional experience in matters relating to
investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 ("relevant
persons"). The investment or investment activity to which this
announcement relates is only available to and will only be engaged
in with relevant persons and persons who receive this announcement
who are not relevant persons should not rely or act upon it.
No incorporation of website information
The contents of the Company's website or any website mentioned
in this announcement or any website directly or indirectly linked
to the Company's website have not been verified and do not form
part of this announcement and investors should not rely on it.
Information regarding forward-looking statements
This announcement includes forward-looking statements. The words
"believe", "anticipate", "expect", "intend", "aim", "plan",
"predict", "continue", "assume", "positioned", "may", "will",
"should", "shall", "risk" and other similar expressions that are
predictions of or indicate future events and future trends identify
forward-looking statements. These forward-looking statements
include all matters that are not historical facts. In particular,
any statements regarding the Company's strategy, dividend policy
and other future events or prospects are forward-looking
statements. You should not place undue reliance on forward-looking
statements because they involve known and unknown risks,
uncertainties and other factors that are in many cases beyond the
Company's control. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future. We
caution you that forward-looking statements are not guarantees of
future performance and that the Company's actual results of
operations, financial condition and the development of the industry
in which the Company operates may differ materially from those made
in or suggested by the forward-looking statements contained in this
announcement. The cautionary statements set out above should be
considered in connection with any subsequent written or oral
forward-looking statements that the Company, or persons acting on
its behalf, may issue. These forward-looking statements reflect the
Company's judgment at the date of this announcement and are not
intended to give any assurances as to future results. The Company
undertakes no obligation to update these forward-looking
statements, and will not publicly release any revisions it may make
to these forward-looking statements that may result from events or
circumstances arising after the date of this announcement. The
Company will comply with its obligations to publish updated
information as required by law or by any regulatory authority but
assumes no further obligation to publish additional
information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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