NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN
This announcement and the Tender Offer Memorandum do not constitute an invitation to participate in the Offer (as defined below) in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Ørsted A/S hereby invites holders of its:
·EUR 600,000,000 3.0%
to tender Securities for purchase by Ørsted A/S for cash on the terms and subject to the conditions set out in the tender offer memorandum dated
Ørsted A/S will pay (for Securities accepted by it for purchase pursuant to the Offer) a Purchase Price calculated on the basis of a Purchase Yield of -0.35% for the Securities.
The relevant Purchase Price will be confirmed as soon as reasonably practical following the Expiration Deadline at
For information purpose only, the Purchase Price in respect of the Securities would be 102.249% assuming a Settlement Date of
Ørsted A/S proposes to accept for purchase any and all valid tenders of the Securities.
The Offer is part of Ørsted’s ongoing liability management and capital structure activities. Securities purchased by Ørsted A/S pursuant to the Offer will be cancelled and will not be re-issued or re-sold.
Securities which have not been validly offered and accepted for purchase pursuant to the Offer will remain outstanding and may be called by Ørsted A/S at their principal value during the period from 10 August to
However, in the event that 80% or more of the initial principal amount of the Securities has been purchased and cancelled, Ørsted A/S may at any time redeem all of the remaining outstanding Securities at their principal value together with any accrued interest by giving between 30 and 60 days’ notice in accordance with the Terms & Conditions of the Securities.
The Offer commence today,
Further details about the Offer is found in the Tender Offer Memorandum available via the Tender Agent (
The information in this announcement does not change Ørsted’s financial guidance for the financial year 2019 or the announced expected investment level for 2019.
Further information
Media Relations
Ulrik Frøhlke
+45 99 55 95 52
Investor Relations
Allan Bødskov Andersen
+45 99 55 79 96
Offer and Distribution Restrictions
Neither this announcement, the Tender Offer Memorandum nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Securities (and tenders of Securities for purchase pursuant to the Offer will not be accepted from Holders (as defined in the Tender Offer Memorandum)) in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require an Offer to be made by a licensed broker or dealer and any of the Dealer Managers (as defined in the Tender Offer Memorandum) or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, such Offer shall be deemed to be made by such Dealer Manager or such affiliate, as the case may be, on behalf of Ørsted A/S in such jurisdiction.
The Tender Offer Memorandum contains certain offer and distribution restrictions with which any Holders must ensure compliance.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, solar farms and energy storage facilities, bioenergy plants and provides energy products to its customers. Headquartered in
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- 27NOV2019_Company announcement_Tender Offer for
Hybrid Securities
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