Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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State of Montenegro (61KR)

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Thursday 12 April, 2018

State of Montenegro

Tender Offer

RNS Number : 7931K
State of Montenegro
12 April 2018
 

STATE OF MONTENEGRO
REPRESENTED BY THE GOVERNMENT OF MONTENEGRO,
ACTING BY AND THROUGH ITS MINISTRY OF FINANCE
ANNOUNCES FINAL RESULTS OF ITS INVITATIONS FOR OFFERS TO SELL €280,000,000 5.375 per cent. Notes due 2019, €500,000,000 3.875 per cent. Notes due 2020 and €300,000,000 5.750 per cent. Notes due 2021 FOR CASH

 12 April 2018

Further to its announcements on 5 April 2018 and earlier today, the State of Montenegro represented by the Government of Montenegro, acting through its Ministry of Finance (the "Issuer") announces the final results of its invitations to holders of the €280,000,000 5.375 per cent. Notes due 2019 (ISIN: XS1069342407 / XS1069342746) (of which €280,000,000 principal amount is currently outstanding, the "2019 Notes"), the €500,000,000 3.875 per cent. Notes due 2020 (ISIN: XS1205717702 / XS1205720169) (of which €500,000,000 principal amount is currently outstanding, the "2020 Notes") and the €300,000,000 5.750 per cent. Notes due 2021 (ISIN: XS1377508996 / XS1377511511) (of which €300,000,000 principal amount is currently outstanding, the "2021 Notes" and together with the 2019 Notes and the 2020 Notes, the "Notes") to submit offers ("Offers" and each series of Notes, a "Series") to sell their Notes to the Issuer for cash.

The invitations (the "Invitations") by the Issuer to holders of Notes were made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 April 2018 (the "Tender Offer Memorandum") and constituted a separate Invitation with respect to each Series and the term "Invitation" shall, where the context so admits, be construed accordingly.

The Invitations have now expired and no further Notes can be tendered for purchase.

The Issuer is pleased to announce the final results of the Invitations and acceptance of the valid tenders of the Notes pursuant to the Invitations.

The Final Acceptance Amount is €362,351,000 in aggregate principal amount of the Notes.

Subject to the satisfaction or waiver of the New Issue Condition on or prior to the Settlement Date, the Issuer will accept all Notes validly tendered pursuant to the Invitations without scaling and therefore all Notes which benefitted from Notes Priority and all Notes which did not benefit from Notes Priority will be accepted for purchase.

In respect of the 2019 Notes:

Aggregate principal amount of 2019 Notes validly tendered pursuant to the Invitation

Series Acceptance Amount

 

Series Acceptance Amount which benefitted from Notes Priority

 

Series Acceptance Amount which did not benefit from Notes Priority

 

Scaling Factor

 

€110,895,000

€110,895,000

Not applicable.

Not applicable.

Not applicable.

 



 

In respect of the 2020 Notes:

Aggregate principal amount of 2020 Notes validly tendered pursuant to the Invitation

Series Acceptance Amount

 

Series Acceptance Amount which benefitted from Notes Priority

 

Series Acceptance Amount which did not benefit from Notes Priority

 

Scaling Factor

 

€178,903,000[1]

€178,903,000

Not applicable.

Not applicable.

Not applicable.

 

In respect of the 2021 Notes:

Aggregate principal amount of 2021 Notes validly tendered pursuant to the Invitation

Series Acceptance Amount

 

Series Acceptance Amount which benefitted from Notes Priority

 

Series Acceptance Amount which did not benefit from Notes Priority

 

Scaling Factor

 

€72,553,000

€72,553,000

Not applicable.

Not applicable.

Not applicable.

 

The expected Settlement Date for the Invitations is 19 April 2018, subject to the satisfaction or waiver of the New Issue Condition on or prior to the Settlement Date.

Notes accepted for purchase will be cancelled and not reissued or resold.

Notes not tendered or accepted for purchase pursuant to the Invitations will remain outstanding.

Capitalised terms used in this announcement have the meanings ascribed to them in the Tender Offer Memorandum.

For further information:

A complete description of the terms and conditions of the Invitations is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:

The Joint Dealer Managers:

Deutsche Bank AG, London Branch
Telephone: +44 (0) 20 7545 8011
Attention: Liability Management Group

Erste Group Bank AG
Telephone: +43 50100 87492
Attention: Fixed Income Syndicate Desk
Fax: +43 (0) 5 0100 987492
Email: FISyndicate0604@erstegroup.com

Société Générale
In London:
Telephone: +44 20 7676 7680
Attention: Liability Management
Email: [email protected]

In the United States:
Toll-free: +1 (855) 881 2108
Collect: +1 (212) 278 6964

The Tender Agent:

Citibank, N.A., London Branch
Tel: +44 (0) 20 7508 3867
Email: [email protected]

The Joint Dealer Managers do not take responsibility for the contents of this announcement and none of the Issuer, the Joint Dealer Managers, the Tender Agent, or any of their respective directors, employees or affiliates makes any representation or recommendation whatsoever regarding the Invitations, or any recommendation as to whether Holders should tender Notes in the Invitations. This announcement must be read in conjunction with the Tender Offer Memorandum. No invitation to acquire any Notes is being made pursuant to this notice. Any such invitations are only being made in the Tender Offer Memorandum and any such acquisition or acceptance of the Invitations should be made solely on the basis of information contained in the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information, which should be read carefully before any decision is made with respect to the Invitations. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own advice, including as to any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent adviser.

This announcement is released by State of Montenegro and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Invitations described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Dragan Darmanovic (General Director for State Treasury) at Ministry of Finance of Montenegro.

General

This Announcement, the Tender Offer Memorandum and any related documents do not constitute an offer to buy Notes or a solicitation of an offer to sell the Notes, and tenders of Notes in the Offers will not be accepted from holders of Notes, in any jurisdiction in which such offer or solicitation is unlawful. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Issuer, the Joint Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

Legal Entity Identifier: 747800V014106FYLL014



[1]    Reflecting a late instruction received in respect of €200,000 in aggregate principal amount of 2020 Notes accepted for purchase pursuant to the Invitation, thereby increasing the amount of €178,703,000 as announced in the indicative results announcement earlier today.


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