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Vivo Energy (VVO)

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Wednesday 13 June, 2018

Vivo Energy

Update to proposed offering of Notes

RNS Number : 1919R
Vivo Energy PLC
13 June 2018
 

Vivo Energy Investments B.V.

Update to proposed offering of Notes

 

On 30 May 2018, Vivo Energy Investments B.V. (the "Issuer"), a subsidiary of Vivo Energy plc ("the Group"), announced its intention to offer (the "Offering") $[400] million senior notes, due 2023 or 2025, guaranteed on a senior unsecured basis by Vivo Energy plc and Vivo Energy Holding B.V. (the "Notes").

 

The Issuer received strong interest for the proposed Offering, but has decided not to proceed with the issue of Notes at this time, due to adverse market conditions.

 

The Group will continue to actively monitor capital market conditions.

 

ENDS

 

Important notice

The announcement may contain certain "forward-looking statements", forecasts, estimates, projections and opinions. Forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this announcement, including, without limitation, those regarding the Group's results of operations, strategy, plans, objectives, goals and targets. The forward-looking statements in this announcement can be identified, in some instances, by the use of words such as "expects", "anticipates", "intends", "believes", and similar language or the negative thereof or similar expressions that are predictions of or indicate future events or future trends. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Group. No representation is made that the underlying assumptions are reasonable. The Group's actual results may differ from those set forth in the forward-looking statements as a result of various factors (including, but not limited to intense competition in the markets in which the Group operates, costs of compliance with applicable laws, regulations and standards, diverse political, legal, economic and other conditions affecting the Group's markets, and other factors beyond the control of the Group). The Group is under no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak of the date of this announcement. Statements contained in this announcement regarding past trends or events should not be taken as a representation that such trends or events will continue in the future.

This announcement contains inside information within the meaning of Regulation (EU) No 596/2014 of 16 April 2014 on market abuse.

 

For further information please contact:

Media

Tulchan Communications LLP

Martin Robinson, Toby Bates

+44 20 7353 4200

[email protected]

 

 

Vivo Energy Investments B.V.

Rob Foyle

+44 1234 904 037

[email protected]

 

 

Investors

[email protected] 

 


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