Cie. Generale des ab. Michelin Update on Financing Arrangements (1862K)
2018年4月9日 - 4:25PM
RNSを含む英国規制内ニュース (英語)
TIDMFENR
RNS Number : 1862K
Cie. Generale des ab. Michelin
06 April 2018
PRESS RELEASE
Clermont-Ferrand - April 6, 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN
Update on Michelin's financing arrangements
in
relation to the proposed acquisition of Fenner
PLC
-------------------------------------------------
On 19 March 2018, Michelin announced that it had reached
agreement on the terms of a recommended cash acquisition of the
entire issued and to be issued share capital of Fenner PLC (the
"Acquisition"). It is intended that the Acquisition will be
implemented by means of a Court-sanctioned scheme of
arrangement.
At the time of the above announcement (available here:
www.michelin.com/eng) (the "Announcement"), Michelin had entered
into a committed credit facility with Morgan Stanley (the "Initial
Facility"), in order to secure funds for the Acquisition. Michelin
announces that it has today entered into a new committed credit
facility with Crédit Agricole Corporate and Investment Bank which
replaces the Initial Facility. Consequently, Michelin has given
notice of termination of the Initial Facility, which shall
terminate on the date hereof.
All terms and conditions of the Acquisition remain
unchanged.
Morgan Stanley, in its capacity as financial adviser to Michelin
in relation to the Acquisition, confirms that it is satisfied that
resources are available to Michelin to satisfy in full the cash
consideration payable under the terms of the Acquisition.
Morgan Stanley has given and not withdrawn their consent to the
publication of this announcement with the inclusion herein of the
references to their names in the form and context in which they
appear.
A copy of the New Facility Agreement and the associated
documents are available on Michelin's website at
www.michelin.com/eng. Further details regarding the New Facility
Agreement will be included in the scheme document to be sent to
Fenner's shareholders setting out the full terms and conditions of
the scheme of arrangement in due course.
* * *
THE FULL RULE 2.7 ANNOUNCEMENT (WITH ITS ANNEXES) IS AVAILABLE
ON MICHELIN'S WEBSITE (http://www.michelin.com/eng)
This press release, from which no legal consequences may be
drawn, is for information purposes only. It does not constitute or
form part of any offer or solicitation to purchase or subscribe for
or to sell securities of Michelin or Fenner PLC.
This press release and the accompanying presentation may be
viewed at http://www.michelin.com/eng, along with the documents
required to be published under Rule 26 of the City Code on
Takeovers and Mergers. Pursuant to the Market Abuse Regulation (no.
596/2014), you are hereby informed that this press release may
contain inside information.
Michelin
Investor Relations Media Relations
Edouard de Peufeilhoux Corinne Meutey
+33 (0) 4 73 32 74 47 +33 (0) 1 78 76 45 27
+33 (0) 6 89 71 93 73 +33 (0) 6 08 00 13 85
(cell) (cell)
edouard.de-peufeilhoux@michelin.com corinne.meutey@michelin.com
Matthieu Dewavrin
+33 (0) 4 73 32 18 02 Individual Shareholders
+33 (0) 6 71 14 17 05
(cell) Jacques Engasser
matthieu.dewavrin@michelin.com +33 (0) 4 73 98 59 08
jacques.engasser@michelin.com
Humbert de Feydeau
+33 (0) 4 73 32 68 39
+33 (0) 6 82 22 39 78
(cell)
humbert.de-feydeau@michelin.com
Morgan Stanley
Mark Rawlinson David Benichou
Laurence Hopkins Philippe Neff
Dominic Desbiens +33 1 42 90 70 02
Ben Grindley (Corporate
broking)
+44 (0) 20 7425 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRFKADNOBKDCQK
(END) Dow Jones Newswires
April 09, 2018 03:25 ET (07:25 GMT)
Fenner (LSE:FENR)
過去 株価チャート
から 6 2024 まで 7 2024
Fenner (LSE:FENR)
過去 株価チャート
から 7 2023 まで 7 2024