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Genel Energy PLC (GENL)
Genel Energy PLC: Result of bond buy-back offer to bondholders
21-Aug-2024 / 07:00 GMT/BST
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR
INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS
TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE
DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON, OR IN OR INTO ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
DOCUMENT.
21 August 2024
Genel Energy plc
(‘Genel’)
Result of bond buy-back offer to bondholders
Genel Energy Holding Company Limited (‘the Company’) refers to
announcement made by Genel on 6 August 2024, and is hereby announcing the
result of the reverse tender offer (‘the Buy-Back Offer’) to holders of
Genel Energy 4 Finance plc’s (‘the Issuer’) USD 300 million senior
unsecured callable bonds with ISIN NO0010894330 (‘the Bonds’).
The Company has accepted offers for USD 107 million nominal value of bonds
with the Maximum Accepted Price set to 102 per cent of nominal value.
Cash settlement for the Bonds, including accrued interest, is expected to
occur on Friday 23 August 2024. Pareto Securities acted as broker for the
Buy-Back Offer.
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Luke Clements, Chief Financial Officer
Vigo Consulting
+44 20 7390 0230
Patrick d’Ancona
This announcement includes inside information.
Notes to editors:
Genel Energy is a socially responsible oil producer listed on the main
market of the London Stock Exchange (LSE: GENL, LEI:
549300IVCJDWC3LR8F94), with an asset portfolio that positions us well for
a future of fewer and better natural resources projects. Genel has
low-cost and low-carbon production from the Kurdistan Region of Iraq, and
continues to seek opportunities to add new resilient and cash-generative
assets to its portfolio. For further information, please refer to
1 www.genelenergy.com.
DISCLAIMER
The distribution of the Buy-Back Offer in certain jurisdictions may be
restricted by law. Persons into whose possession the Buy-Back Offer comes
are required by the Company and the Manager for the Buy-Back Offer to
inform themselves about, and to observe, any such restrictions.
United States
The Buy-Back Offer is not being made directly or indirectly in or into, or
by use of the mails of, or by any means or instrumentality of interstate
or foreign commerce of, or any facilities of a national securities
exchange of, the United States of America, its territories and
possessions, any State of the United States and the District of Columbia
(the ‘United States’), and the Buy-Back Offer will not be capable of
acceptance by any such means, instrumentality or facility. This includes,
but is not limited to, facsimile transmission, internet delivery, email,
telex and telephones. The Buy-Back Offer is not being made to any U.S.
person (as such term is defined pursuant to Regulation S under the US
Securities Act of 1933, as amended (the ‘Securities Act’)). Copies of this
document and any related offering documents are not being, and must not
be, directly or indirectly mailed, emailed or otherwise transmitted,
distributed or forwarded (including, without limitation, by custodians,
nominees or trustees) in or into the United States or to any persons
located or resident in the United States and may not be electronically
accessed by U.S. persons or from the United States. Any purported
acceptance of the Buy-Back Offer or other offer or agreement to sell Bonds
in the Buy-Back Offer resulting directly or indirectly from a violation of
these restrictions will be invalid, and any purported acceptance of the
Buy-Back Offer and any other offer and/or agreement to sell Bonds that is
post-marked in or otherwise dispatched from, evidences the use of any
means or instrumentality of interstate or foreign commerce of the United
States or is made by a person appearing or otherwise believed by the
Company to be located or resident in the United States, or any agent,
fiduciary or other intermediary acting on a non-discretionary basis for a
principal giving instructions from within the United States will be
invalid and will not be accepted.
The Company will only accept offers with respect to the Bonds from a
Bondholder or beneficial owner of the Bonds (or any person acting as
agent, custodian, fiduciary or other intermediary capacity for a
bondholder or beneficial owner) who is not a U.S. person and who is
outside the United States. Each person participating in the Buy-Back Offer
will represent that it or any beneficial owner of the Bonds or any person
on whose behalf such person is acting is not a U.S. person or a resident
and/or located in the United States and will not be resident and/or
located in the United States at the time of the submission of its offer
pursuant to the Buy-Back Offer.
United Kingdom
The information contained in this Buy-Back Offer does not constitute an
invitation or inducement to engage in investment activity within the
meaning of the United Kingdom Financial Services and Markets Act 2000
(‘FSMA’). In the United Kingdom, this announcement is being distributed
only to, and is directed only at (i) persons who have professional
experience, knowledge and expertise in matters relating to investments and
are ‘investment professionals’ for the purposes of Article 19(5) of the
FSMA (Financial Promotions) Order 2005 (the ‘FPO’), (ii) persons who are
certified high net worth individuals for the purposes of Article 48 of the
FPO or (iii) any other persons to whom it may otherwise lawfully be made
under the FPO (all such persons together being referred to as ‘relevant
persons’). This announcement and the Buy-Back Offer is directed only at
relevant persons and must not be acted on or relied on by persons who are
not relevant persons.
General
This announcement is neither an offer to purchase nor the solicitation of
an offer to sell any of the securities described herein, nor shall there
be any offer or sale of such securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The Buy-Back Offer is made
solely pursuant to the Buy-Back Offer dated 6 August, 2024.
This announcement must be read in conjunction with the Buy-Back Offer.
This announcement and the Buy-Back Offer contain important information
which should be read carefully before any decision is made with respect to
the Buy-Back Offer. If any bondholder is in any doubt as to the action it
should take, it is recommended that such bondholder seek its own financial
and legal advice, including as to any tax consequences, immediately from
its stockbroker, bank manager, solicitor, accountant or other independent
financial or legal adviser. Any individual or company whose Bonds 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 offer
Bonds in the Buy-Back Offer. None of the Company or the Manager makes any
recommendation as to whether bondholders should participate in the
Buy-Back Offer.
This announcement contains forward-looking statements and information that
is necessarily subject to risks, uncertainties, and assumptions. No
assurance can be given that the transactions described herein will be
consummated or as to the terms of any such transactions. The Company
assumes no obligation to update or correct the information contained in
this announcement.
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
OAM Categories: 2.2. Inside information
Sequence No.: 341774
EQS News ID: 1971839
End of Announcement EQS News Service
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