Successful Issue of Notes

RNS Number : 7351I

Shanks Group PLC

05 July 2013

 



THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. 

THIS ANNOUNCEMENT IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY OF THE NOTES REFERRED TO HEREIN AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION NOR SALE IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE IS UNLAWFUL, INCLUDING BUT NOT LIMITED TO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

SHANKS GROUP PLC COMPLETES SUCCESSFUL ISSUE OF NOTES TO RETAIL INVESTORS IN BELGIUM AND LUXEMBOURG

Shanks Group plc (the 'Group'), a leading international sustainable waste management business, announces the closure of the subscription period for its six year 4.23 per cent. Guaranteed Notes due 30 July 2019 (ISIN: XS0949931645) (the 'Notes'), which were offered to retail and other investors in Belgium and Luxembourg and were placed by BNP Paribas Fortis and KBC.

The offer period was shortened and terminated on 5 July 2013. The aggregate nominal amount of the Notes to be issued on 30 July 2013 will be €100m. The net proceeds of the issue will be approximately €100m.

The issue of the Notes extends the maturity of the Group's funding.

Toby Woolrych, Group Finance Director of Shanks Group plc, commented:

"We are very pleased to announce the successful completion within two and a half days of our second Bond offering in the Benelux. Shanks has a strong presence in Belgium and we are encouraged by the excellent response that we have again received from retail investors following from our first bond in 2010. This offering provides flexible longer term funding in the currency that we require and is in line with our objective of securing long-term financing to support our long-term growth."

For further information:

College Hill	[phone]
Mike Davies
Helen Tarbet
Kim Peters

Disclaimer - Intended Addressees

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are resident of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed.

Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

THE NOTES REFERRED TO IN THIS DOCUMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE US SECURITIES ACT OF 1933 (THE SECURITIES ACT) OR UNDER THE SECURITIES LEGISLATION OF ANY STATE OF THE UNITED STATES, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OTHER THAN PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE ISSUER OF THE NOTES DOES NOT INTEND TO MAKE A PUBLIC OFFER OF SECURITIES IN THE UNITED STATES OR TO REGISTER ANY SECURITIES UNDER THE SECURITIES ACT.

 

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MSCUVAOROVABRAR