| Mon 28 Jun 2010, 7:15 | | BTI - British American Tobacco p.l.c. - B.A.T. International Finance p.l.c. |
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BTI
BTI
BTI - British American Tobacco p.l.c. - B.A.T. International Finance p.l.c.
announces acceptance, pricing and results of the tender offer in relation to its
Euro750,000,000 3.625 per cent. Notes due 2012
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")
B.A.T. International Finance p.l.c. announces acceptance, pricing and results of
the tender offer in relation to its Euro750,000,000 3.625 per cent. Notes due
2012
B.A.T. International Finance p.l.c. (the "Company") announces acceptance,
pricing and final results of its previously announced invitation to holders of
its outstanding Euro750,000,000 3.625 per cent. Notes due 2012 (ISIN:
XS0223234823) (the "Notes") to offer to sell their Notes to the Company 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.
The Company is hereby pleased to announce that it has accepted for purchase an
aggregate principal amount of Euro412,938,000 of the Notes (the "Acceptance
Amount"). All Notes offered for sale to the Company pursuant to the Offer have
been accepted in full and as a result there will be no scaling of offers.
In addition, the Company hereby announces the following terms in relation to the
Offer:
Acceptance Amount: Euro412,938,000
Interpolated Mid-Swap 1.352 per cent.
Rate:
Purchase Yield: 1.602 per cent.
Purchase Price: Euro1,039.18 per Euro1,000 in
nominal amount
The applicable Purchase Price, together with Accrued Interest, will be paid to
Noteholders whose Notes have been accepted for purchase by the Company.
Settlement is expected to occur on 5 July 2010.
Following completion of the Offer, an aggregate principal amount equal to
approximately Euro337,062,000 of the Notes will remain outstanding.
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 Group
liability.management@bnpparibas.com Email: liability.management@db.com
Tel: +44 20 7595 8668 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 Attention: Liability Management
Group - Andrew Montgomery Email:
Email: sebastien.m.bamsey@jpmorgan.com
liability.management@hsbcib.com Tel: +44 20 7777 1333
Tel: +44 20 7991 5874
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 07:15:01 Produced by the JSE SENS Department.
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