Result of Tender offer


 
TIDMAQ57 
 
8 December 2009 
 
                               GKN HOLDINGS PLC 
 
GKN Holdings plc ("GKN") announces today that it has accepted for purchase GBP 
123,470,000 in aggregate principal amount of its GBP325,000,000 7 per cent. Bonds 
due 2012 (ISIN: XS0147740335) (the "Bonds") pursuant to an invitation to 
holders of the Bonds to submit offers to tender any or all of their Bonds for 
purchase by GKN for cash (the "Invitation") which was made on the terms and 
subject to the conditions contained in an Invitation for Offers dated 30 
November 2009 (the "Invitation for Offers"). Capitalised terms used but not 
otherwise defined in this announcement shall have the meaning given to them in 
the Invitation for Offers. 
 
The Invitation expired at 4.00 p.m. (London time) on 7 December 2009. 
 
All Bonds tendered for purchase on a non-competitive basis and all Bonds 
tendered at a price at or below the Purchase Price have been accepted in full. 
 
GKN announces that it has determined, pursuant to a modified Dutch auction 
procedure as described in the Invitation for Offers, a purchase price of GBP1,054 
per GBP1,000 in principal amount of the Bonds (the "Purchase Price"), together 
with accrued and unpaid interest from and including 14 May 2009 to (but 
excluding) the Settlement Date which amounts to GBP40.47 per GBP1,000 in principal 
amount of the Bonds (assuming a Settlement Date of 11 December 2009) ("Accrued 
Interest"). 
 
All Bonds so purchased by GKN will be cancelled. 
 
The applicable Purchase Price, together with Accrued Interest, will be paid to 
Bondholders whose Bonds have been accepted for purchase by GKN. Settlement is 
expected to occur on 11 December 2009. 
 
Following settlement, the aggregate principal amount of the Bonds outstanding 
and not held by GKN is expected to be GBP201,530,000 representing approximately 
62 per cent. of the issued aggregate principal amount of the Bonds at the date 
of issue. 
 
This announcement does not constitute an offer to purchase any securities or a 
solicitation of an offer to sell any securities. 
 
For further information please contact Barclays Bank PLC on +44 20 7773 8990 or 
by email at eu.lm@barcap.com or CALYON on +44 20 7214 7440 or by email at 
annabel.daws-chew@uk.calyon.com or steve.sahara@uk.calyon.com 
 
 
 
END

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