Update on Offer Size relating to the Bonds
The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey or the Isle of Man. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, The Republic of Ireland, Japan, 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.
4 February 2013
EnQuest PLC
("EnQuest", the "Issuer")
Issue of 5.5 per cent. Sterling Bonds due 2022 (the "Bonds")
Update on Offer Size relating to the Bonds
Terms used herein shall have the meaning given to them in the Prospectus (the "Prospectus") and the Final Terms (the "Final Terms"), each dated 24 January 2013, relating to the Bonds.
In accordance with the terms and conditions of the offer set out in the Prospectus and the Final Terms, the Offer Period relating to the Bonds is due to close at 12 noon (London time) on Friday 8 February 2013. EnQuest retains the right to close the offer early, in conjunction with the Lead Manager.
The aggregate nominal amount of the Bonds to be issued will be at least £100 million.
For media enquiries please contact:
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EnQuest PLC |
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Jonathan Swinney, Chief Financial Officer |
Tel: +44 (0)20 7925 4900 |
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Michael Waring, Head of Communications
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Pelham Bell Pottinger Victoria Geoghegan
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Tel: +44 (0)20 7861 3925 |
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Numis Securities Michael Dyson Oliver Cardigan |
Tel: +44 (0)20 7260 1000 |
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Notes to editors
EnQuest is the largest UK independent producer of oil in the UK North Sea. EnQuest trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. It is a constituent of the FTSE 250 index. Its assets include the Thistle, Deveron, Heather, Broom, West Don, Don Southwest and Conrie producing fields and the Alma and Galia development. At the end of June 2012, EnQuest had working interests in 29 production licences covering 36 blocks or part blocks in the UKCS, of which 22 licences are operated by EnQuest.
Important information
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 the prospectus and the final terms relating to the issue of the bonds. Full information on EnQuest and any offer of bonds will only be available in a prospectus and the final terms and (when published) the final term confirmation announcement published in respect of such bonds. Investors will be able to obtain copies of the prospectus and the final terms and the final terms confirmation announcement on the website of the Regulatory News Services operated by the London Stock Exchange.
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 relevant prospectus and the final terms, available as described above.
The bonds 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. Any bonds will be offered and sold outside of the United States in reliance on Regulation S of the Securities Act, and may be subject to certain U.S. tax law requirements.
This information is provided by RNS
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