RNS Number : 0038O
Guinness Peat Group PLC
09 September 2011
 



GUINNESS PEAT GROUP plc

("GPG" or "the Company")

 

New Zealand Stock Exchange Announcement: Capital Notes

 

 

The following is part of the text of an announcement made today in New Zealand by GPG Finance plc, a subsidiary of GPG.  It is released for information only to the three exchanges on which the Company's shares are traded.

 

 

Enquiry details are:

 

New Zealand and Australian media:      Geoff Senescall on:         +64 9 309 5659

UK media:                                              Kevin Smith on:                +44 20 7282 1054

 

 

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: +44 20 7484 3370

 

9 September 2011

                                                                                                                                              

 

 

9 September 2011

 

GPG Finance plc

 

NZX announcement

 

 

 

GPG Finance plc (GFN) hereby gives notice that Guinness Peat Group plc (GPG) has provided notice of the exercise of its option to purchase the capital notes issued by GFN with an election date of 15 December 2013 (2008 Notes) to holders of 2008 Notes, pursuant to the Capital Note Trust Deed (as amended and restated) dated 25 July 2003 (Trust Deed).

 

The purchase will be carried out in accordance with condition 4.5A of the 2008 Notes.  In accordance with that condition 4.5A, notice (Notice of exercise of option to purchase Capital Notes) is being given to holders of 2008 Notes.

 

Holders of 2008 Notes are not required to take any action in connection with the Notice of exercise of option to purchase Capital Notes.

 

On 15 March 2012:

 

(1)          holders of 2008 Notes on the Record Date (5.00pm on 2 March 2012) will be paid an amount equal to the aggregate of the principal amount of the 2008 Notes held at that date and all accrued interest in respect of such notes from the previous interest payment date of 15 December 2011 until 15 March 2012 (inclusive); and

 

(2)          the 2008 Notes will be automatically transferred to GPG.

 

The timetable for the exercise of the call option and purchase of the 2008 Notes is set out below:

 

 

Event

 

Date

Notice of Record Date given to NZX (including Appendix 7 notice in respect of the exercise of the call option )

9 September 2011

Notice of Exercise of Option to Purchase Capital Notes sent to holders of 2008 Notes

9 September 2011

2008 Notes to cease trading on NZDX

To be advised

Record Date for the purchase by GPG of the 2008 Notes

2 March 2012

Payment date and purchase by GPG of the 2008 Notes

15 March 2012

 

The upcoming regular quarterly interest payment for the 2008 Notes due on 15 September 2011 will be paid to holders of the 2008 Notes on the register at 5.00pm on Friday 2 September 2011.

 

For further information, please contact:

 

Computershare Investor Services Limited

Tel: (09) 488 8777

Email: enquiry@computershare.co.nz

 

 

 


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