The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, the Republic of Ireland, South Africa or in any other jurisdiction where it is unlawful to distribute this document. The bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.
Any offer for subscription, sale or exchange of the bonds within the Isle of Man must be made (i) by an Isle of Man financial services licence holder licensed under section 7 of the Financial Services Act 2008 to do so or (ii) in accordance with any relevant exclusion contained within the Regulated Activities Order 2011 or exemption contained in the Financial Services (Exemptions) Regulations 2011.
25 February 2013
THE PARAGON GROUP OF COMPANIES PLC ("Paragon")
ISSUE OF 6% UNSECURED STERLING RETAIL BONDS MATURING DECEMBER 2020
(the "Notes")
Final Terms Confirmation Announcement
Terms used herein shall have the meaning given to them in the Base Prospectus dated 11 February 2013 (the "Prospectus") and the Final Terms (the "Final Terms") dated 13 February 2013 relating to the Notes.
This announcement constitutes the Final Terms Confirmation Announcement referred to in the Final Terms and must be read in conjunction with the Prospectus and the Final Terms.
The Prospectus and Final Terms are available for viewing on Paragon's website (http://www.paragon-group.co.uk/group/Retail-Bond) and on the website of the Regulatory News Service operated by the London Stock Exchange.
End of Offer Period relating to the Notes 5pm 22 February 2013
In accordance with Article 8(1) of Directive 2003/71/EC, as amended, Paragon confirms the following in relation to the offer and Issue of Notes
Aggregate Nominal Amount:
(a) Series: £60,000,000
(b) Tranche: £60,000,000
Estimated Net Proceeds £59,520,000 (being the Aggregate Nominal Amount of the Notes at the Issue Price of 100% less the fees payable to the Manager of 0.8% of the Aggregate Nominal Amount of the Notes, ie 99.2% as referred to in the Final Terms)
Estimated Total Expenses £480,000 (being the fees payable to the Manager described in estimated net proceeds above excluding other expenses)
-Ends-
For further information, please see Paragon's website:
http://www.paragon-group.co.uk/group/Retail-Bond
For enquiries please contact:
Paragon Deborah Bateman, External Relations Director |
0121 712 2507 |
Pelham Bell Pottinger Victoria Geoghegan Duncan Mayall |
020 7861 3925 |
Canaccord Genuity Adrian Bell Mark Glowrey Henrietta Podd |
020 7523 8019 |
Disclaimer
This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). A prospectus dated 11 February 2013 (the "Prospectus") has been prepared and made available to the public as required by Part VI of the FSMA. Investors should not subscribe for any bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on The Paragon Group of Companies PLC and the offer of the bonds is only available on the basis of the combination of the Prospectus, the Final Terms and this announcement which have been published by Paragon by the Regulatory News Service operated by the London Stock Exchange.
The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.
The offering and the distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of bonds pursuant to any offer should only be made on the basis of the information contained in the Prospectus, available as described above.
The bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Subject to certain exceptions, the bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.
