Repurchase Spread
Compass Group PLC
09 July 2007
9 JULY 2007
COMPASS GROUP PLC
Announcement of Repurchase Spread
Further to the announcement dated 3 July 2007 in relation to its invitation to
tender for purchase for cash up to EUR350,000,000 of its EUR750,000,000 6.00 per
cent. Notes due 29 May 2009 (the 'Notes'), Compass Group PLC ('Compass') today
announces that the repurchase spread is 2 basis points over the Interpolated
2009 Mid-Swap Rate (the 'Repurchase Spread').
Description of Common Code/ Outstanding Amount Subject Reference Repurchase Repurchase Spread Range
the Notes ISIN Principal to the Offer Rate Spread
Amount
EUR750,000,000 014836381 EUR750,000,000 Up to Interpolated +2 bps -1.0 to +2.0 bps (inclusive)
6.00 per cent. XS0148363814 EUR350,000,000 2009
Notes due 29 in aggregate Mid-Swap
May 2009 principal Rate
amount
This announcement must be read in conjunction with the Tender Offer Memorandum
dated 3 July 2007 (the 'Tender Offer Memorandum').
All as further described in the Tender Offer Memorandum:
• the Offer expires at 4.00 p.m. (London time) on Monday 16 July 2007,
unless the period for the Offer is extended or re-opened or the Offer is
terminated;
• the repurchase price for the Notes accepted pursuant to the Offer is
expected to be determined at or around 2.00 p.m. (London time) on Tuesday 17
July 2007 by reference to the sum of the Repurchase Spread and the
Interpolated 2009 Mid-Swap Rate for the Notes; and
• if the aggregate principal amount of validly tendered Notes is greater
than EUR350,000,000 and Compass does not decide to accept Notes in excess
thereof, Notes will be accepted for repurchase by Compass on a pro rata
basis.
Requests for copies of the Tender Offer Memorandum and further information in
relation to the Offer should be directed to the Dealer Managers:
ABN AMRO Bank N.V. Barclays Bank PLC The Royal Bank of Scotland
plc
250 Bishopsgate 5 The North 135 Bishopsgate
Colonnade
London EC2M 4AA Canary Wharf London EC2M 3UR
For information by telephone: London E14 4BB For information by
telephone:
+44 (0)20 7678 3644 For information by +44 (0)20 7085 8056/3781
telephone:
Fax: +44 (0)20
7678 3597 +44 (0)20 7773 8575 Fax: +44 (0)20 7085 5510
E-mail: Fax: +44 (0)20 7516 E-mail:
liability.management@abnamro.com 8048 liabilitymanagement@rbos.com
E-mail:
eu.lm@barcap.com
Requests for information in relation to the procedures for tendering Notes in
the Offer and the submission of Tender Instructions should be directed to the
Tender Agent:
The Bank of New York
40th Floor
One Canada Square
London E14 5AL
For information by telephone:
+44 20 7964 8849
Fax: +44 20 7964 2536
Attention: Sarah Taylor
Email: sarah.x.taylor@bankofny.com
OFFER AND DISTRIBUTION RESTRICTIONS
The Offer and the distribution of the Tender Offer Memorandum in certain
jurisdictions may be restricted by law. Persons into whose possession the Tender
Offer Memorandum comes are required by Compass and the Dealer Managers to inform
themselves about and to observe any such restrictions. It is the responsibility
of any such person wishing to accept the Offer to satisfy himself as to the full
observance of the laws of the relevant jurisdiction in connection therewith and
the compliance with any other necessary formalities.
In particular, this notice is not for distribution in the United States, to U.S.
persons or to persons in the Republic of Italy or to Italian persons.
Compass Group is the world's largest foodservice company with annual revenue of
c. £10.8 billion in the year to 30 September 2006. For more information visit
www.compass-group.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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