| Mon 28 Jun 2010, 7:10 | | BTI - British American Tobacco p.l.c. - Tender offer by BNP Paribas for British |
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BTI
BTI
BTI - British American Tobacco p.l.c. - Tender offer by BNP Paribas for British
American Tobacco Holdings (The Netherlands) B.V.`s Notes - Announcement of
acceptance, pricing and results
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")
Tender offer by BNP Paribas for British American Tobacco Holdings (The
Netherlands) B.V.`s Notes - Announcement of acceptance, pricing and results
On the date of this notice, BNP Paribas has announced acceptance, pricing and
final results of its previously announced invitation to holders of British
American Tobacco Holdings (The Netherlands) B.V.`s outstanding Euro1,000,000,000
4.375 per cent. Notes due 2011 (ISIN: XS0189727869) (the "Notes") to offer to
sell their Notes to BNP Paribas for cash (the "Offer") as more particularly
described in a tender offer memorandum dated 17 June 2010 (the "Tender Offer
Memorandum").
Capitalised terms used but not otherwise defined in this notice shall have the
meaning given to them in the Tender Offer Memorandum. The Offer expired on 24
June 2010 at 3.00 p.m. London time.
BNP Paribas has announced that it has accepted for purchase an aggregate
principal amount of Euro469,738,000 of the Notes (the "Acceptance Amount"). All
Notes offered for sale to BNP Paribas pursuant to the Offer have been accepted
in full and as a result there will be no scaling of offers.
In addition, BNP Paribas has announced the following terms in relation to the
Offer:
Acceptance Amount: Euro469,738,000
Interpolated EURIBOR 1.277 per cent.
Rate:
Purchase Yield: 1.177 per cent.
Purchase Price: Euro1,030.22 per Euro1,000 in
nominal amount
The applicable Purchase Price, together with Accrued Interest, will be paid by
BNP Paribas to Noteholders whose Notes have been accepted for purchase.
Settlement is expected to occur on 1 July 2010.
BNP Paribas, Deutsche Bank AG, London Branch, HSBC Bank plc, J.P. Morgan
Securities Ltd. and Lloyds TSB Bank plc are acting as Joint Dealer Managers.
Lucid Issuer Services Limited is acting as Tender Agent. Capitalised terms used
in this notice shall have the meanings ascribed to them in the Tender Offer
Memorandum, unless otherwise defined herein.
This notice does not constitute an offer to purchase any securities or a
solicitation of an offer to sell any securities.
Requests for information in relation to the Offer should be directed to the
Joint Dealer Managers:
BNP PARIBAS DEUTSCHE BANK AG, LONDON BRANCH
10 Harewood Avenue Winchester House
London NW1 6AA 1 Great Winchester Street
Attention: Liability Management London EC2N 2DB
Email: Attention: Liability Management
liability.management@bnpparibas.com Group
Tel: +44 20 7595 8668 Email: liability.management@db.com
Tel: +44 20 7545 8011
HSBC BANK plc J.P. MORGAN SECURITIES LTD.
8 Canada Square 125 London Wall
London E14 5HQ London EC2Y 5AJ
Attention: Liability Management Group Attention: Liability Management
- Andrew Montgomery Email:
Email: liability.management@hsbcib.com sebastien.m.bamsey@jpmorgan.com
Tel: +44 20 7991 5874 Tel: +44 20 7777 1333
LLOYDS TSB BANK plc
10 Gresham Street
London EC2V 7AE
Attention: Akis Psarris
Email: akis.psarris@lloydsbanking.com
Tel: +44 20 7158 3981
or to the Tender Agent:
Lucid Issuer Services Limited
Email: bat@lucid-is.com
Tel: +44 20 7704 0880
Fax: +44 20 7067 9098
Enquiries
For further information:
British American Tobacco Press Office
Kate Matrunola/Cat Armstrong/Christina Dona
+44 20 7845 2888
Investor Relations
Ralph Edmondson/Maya Farhat
+44 20 7845 1180/1977
www.bat.com
28 June 2010
Sponsor: UBS South Africa (Pty) Ltd
Date: 28/06/2010 07:10:06 Produced by the JSE SENS Department.
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