THIS DOCUMENT MAY NOT BE DISTRIBUTED IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR TO A RESIDENT, NATIONAL OR CITIZEN OF THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN
24 June 2013
GRAFTON GROUP PLC
LAUNCH OF 5.5% STERLING RETAIL BONDS DUE 2020
Grafton Group plc ("Grafton"), the builders merchanting and DIY Group with operations in the UK, Ireland and Belgium, has today launched 5.5% Sterling Retail Bonds due 2020 ("the Bonds"), which will be issued by its wholly owned subsidiary Grafton Group Finance plc ("the Issuer") and guaranteed by Grafton and certain of Grafton's subsidiaries (together "the Guarantors").
The Bonds bear a fixed interest rate of 5.5% per annum and will be payable semi-annually to holders on 15 January and 15 July each year.
The Bonds are available for purchase in the period from Monday 24 June 2013 until noon on Monday 8 July 2013 (British Summer Time), or such earlier date as agreed by the Issuer, Grafton and the Manager and announced via a Regulatory Information Service.
The minimum initial investment is £2,000 and the Bonds can be bought and sold at their face value of £1,000 plus increments of £100 in excess of £1,000 thereafter.
The Bonds are also expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.
Investec Bank plc is acting as Manager on this issue.
Gavin Slark, Chief Executive Officer, Grafton Group plc commented:
"The Group is pleased to launch its first listed retail bond as part of its strategy of diversifying its sources of funding and extending the maturity profile of its debt."
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For further information, please see Grafton's website: www.graftongroupplc/retailbonds.
For enquiries, please contact:
Grafton Group plc
Gavin Slark, Chief Executive Officer
Colm ó Nualláin, Finance Director +353 (01) 216 0600
Investec Bank plc
Michael Smith +44 (0)20 7597 4068
Smithfield Consultants
Alex Simmons +44 (0)20 7360 4900
Murray Consultants
Joe Murray +353 (01) 498 0300
Notes:
• The Bonds may not be suitable for all investors. Investors should ensure they fully understand the risks and seek independent financial advice.
• Investors should note that the secondary market price of the Bonds can rise and fall during the life of the investment and the price of the Bonds could fall below the issue price.
• In the event that the Issuer and the Guarantors default, become insolvent or go out of business, investors may lose some or all of their investment.
This announcement is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the Directive), and/or Part VI of the Financial Services and Markets Act 2000. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information contained in a prospectus. Full information on the Issuer, the Guarantors and the Bonds will only be available in a prospectus and (if relevant) an offer confirmation announcement published in respect of such Bonds.
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.
The Bonds have not been and will not be registered under the US Securities Act of 1933, as amended (the Securities Act) and, subject to certain exceptions, may not be offered, sold or delivered within the United States or to, or for the account or benefit of US persons. The Bonds are being be 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.
