13:01 Wed 13 Mar 2019
Pearson Funding Five - FINAL RESULTS OF THE CASH TENDER OFFER - Replace
NON-MATERIAL TEXT AMENDMENTS
A non-material typographical changes have been made to the 'FINAL RESULTS OF THE CASH TENDER OFFER ' announcement released on
The changes are identified with an asterisk (*).
The full amended text is shown below.
PEARSON FUNDING FIVE PLC AND PEARSON PLC ANNOUNCE FINAL RESULTS OF THE CASH TENDER OFFER FOR THE
The Offer was announced on
Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
Results of the Offer
The Expiration Deadline for the Offer was
As at the Expiration Deadline, the Company had received valid tenders of €55,443,000 in an aggregate nominal amount of the Notes for purchase. The Company announces that it has decided to accept for purchase all Notes validly tendered pursuant to the Offer.
The following table sets out the final results in respect of the Notes. No further announcements of results are expected to be made.
Notes |
ISIN |
Amount tendered |
Acceptance Amount |
Nominal amount outstanding after Settlement Date |
Pro-Ration Factor (if any) |
Purchase Yield |
Purchase Price |
Accrued Interest |
|
XS1068765418 |
|
|
|
n/a
|
0 per cent. |
104.084 per cent. |
*1.5411 per cent. |
The expected Settlement Date for the Offer is
Further Information
Questions and requests for assistance in connection with the Offer may be directed to:
Dealer Manager
Telephone: +44 (0) 20 7595 8668 |
|
|
|
Tender Agent
Telephone: +44 (0)20 7704 0880
|
DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which should be read carefully before any decision is made with respect to an Offer. If you are in any doubt as to the contents of this announcement or the Tender Offer Memorandum or the action you should take, you are recommended to seek your own financial and legal advice, including as to any tax consequences, immediately from your broker, bank manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offer. None of the Company, the Guarantor, the Dealer Manager and the Tender Agent, or any of their respective directors, officers, employees, agents or affiliates make any representation or recommendation whatsoever regarding the Offer, or any recommendation as to whether Noteholders should tender Notes in the Offer.
None of the Dealer Manager, the Tender Agent and any of their respective directors, officers, employees, agents or affiliates assumes any responsibility for the accuracy or completeness of the information concerning the Offer, the Company, any of its affiliates (including the Guarantor) or the Notes contained in this announcement or in the Tender Offer Memorandum. None of the Company, the Guarantor, the Dealer Manager, the Tender Agent and any of their respective directors, officers, employees, agents or affiliates of such person, is acting for any Noteholder, or will be responsible to any Noteholder for providing any protections which would be afforded to its clients or for providing advice in relation to the Offer, and accordingly none of the Dealer Manager, the Tender Agent and any of their respective directors, officers, employees, agents or affiliates assumes any responsibility for any failure by the Company or the Guarantor to disclose information with regard to the Company or the Notes which is material in the context of the Offer and which is not otherwise publicly available.
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