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Ladbrokes Grp Fin (93BR)

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Tuesday 27 May, 2014

Ladbrokes Grp Fin

Launch of Bond Issue

RNS Number : 1297I
Ladbrokes Group Finance PLC
27 May 2014


The information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey 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, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The bonds referred to below may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958 and the Financial Services (Jersey) Law 1998, as amended.


27 May 2014



Ladbrokes plc ("Ladbrokes"), the FTSE250 betting and gaming company, announces that its wholly-owned subsidiary, Ladbrokes Group Finance plc ("LGF"), has today launched an offer of 5.125% Sterling Bonds due 2022 (the "Bonds"). The Bonds are available to wholesale and retail investors.


The Bonds will pay a fixed rate of interest of 5.125% per annum, payable twice yearly on 16 March and 16 September of each year with the first coupon payment being made on 16 September 2014 and the Bonds maturing on 16 September 2022. The Bonds will be guaranteed by Ladbrokes.


At any time during the life of the Bonds, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.


Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc will act as Joint Lead Managers on this issue.


The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter. The offer period will open on 27 May 2014 and is expected to close at noon (London time) on 10 June 2014. LGF retains the right to close the offer early, in conjunction with the Joint Lead Managers.


The Bonds are 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 (ORB).


The initial Authorised Distributors are:


Barclays Stockbrokers

Canaccord Genuity Wealth

Killik & Co

Redmayne Bentley LLP

Smith & Williamson

Ian Bull, Chief Financial Officer, Ladbrokes, commented:

"We are delighted to announce the launch of a retail bond which will enable Ladbrokes to diversify its sources of debt finance and extend the maturity profile of its debt."




For further information, please see Ladbrokes' website:


For media enquiries please contact:


Ladbrokes plc

Vinod Parmar

Donal McCabe

Tel: 020 8868 8899


Tulchan Communications LLP

David Allchurch

Will Smith

Tel: 020 7353 4200


Barclays Bank PLC

Louise Hall

Charlotte Weir

Tel: 020 7623 2323


Canaccord Genuity Limited

Adrian Bell

Morton Llewellyn

Tel: 020 7523 8000


Lloyds Bank plc

Colin Parkhill

David Cleary

Tel: 020 7158 1523



The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession 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 Bonds. Any purchase of Bonds pursuant to the offer should only be made on the basis of the information contained in the prospectus dated 27 May 2014 (the "Prospectus"). The Prospectus is available at the website of Ladbrokes plc above and the website of the London Stock Exchange plc (


The Bonds have not been and will not be registered under the United States Securities Act of 1933 (as amended) (the "Securities Act") and, subject to certain exceptions, may not be offered or sold within the United States or to United States persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act.







This information is provided by RNS
The company news service from the London Stock Exchange

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