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    SAGA   GB00BMX64W89

SAGA PLC

(SAGA)
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Saga plc Announces Final Results of Tender Offer

06/30/2021 | 03:00am EDT

Saga plc announced the final results of its invitation to holders of its £250,000,000 3.375% Notes due 12 May 2024 (ISIN: XS1610655950) guaranteed by Saga Mid Co Limited and Saga Services Limited (the Notes) to tender their Notes for purchase by the Company for cash (subject to the satisfaction (without limitation) or waiver of the New Financing Condition on or prior to the Settlement Date) (the Offer). The Offer was announced on 22 June 2021 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 22 June 2021 (the Tender Offer Memorandum) prepared by the Company. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum. The Company now announced that (subject to the satisfaction (without limitation) or waiver of the New Financing Condition on or prior to the Settlement Date) the Final Acceptance Amount will be £100,000,000 in aggregate nominal amount of outstanding Notes. Accordingly, (subject to the satisfaction (without limitation) or waiver of the New Financing Condition on or prior to the Settlement Date), the Company will accept for purchase Notes validly tendered in the Offer subject to pro rata scaling at a Scaling Factor of 57.261% as further described in the Tender Offer Memorandum. Subject to the satisfaction (without limitation) or waiver of the New Financing Condition on or prior to the Settlement Date, the Purchase Price will be 100% of the principal amount of the Notes and the Company will also pay Accrued Interest Payments. Subject to the satisfaction (without limitation) or waiver of the New Financing Condition on or prior to the Settlement Date, the expected Settlement Date for the Offer is 2 July 2021. Following settlement of the Offer, £150,000,000 in aggregate nominal amount of the Notes will remain outstanding.


© S&P Capital IQ 2021
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Analyst Recommendations on SAGA PLC
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Financials
Sales 2022 423 M 582 M 582 M
Net income 2022 9,08 M 12,5 M 12,5 M
Net Debt 2022 739 M 1 016 M 1 016 M
P/E ratio 2022 51,7x
Yield 2022 -
Capitalization 430 M 592 M 592 M
EV / Sales 2022 2,76x
EV / Sales 2023 1,57x
Nbr of Employees 2 506
Free-Float 70,6%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 307,00 GBX
Average target price 510,75 GBX
Spread / Average Target 66,4%
EPS Revisions
Managers and Directors
Euan Angus Sutherland Group Chief Executive Officer & Director
James Quin Group Chief Financial Officer & Executive Director
Roger Michael de Haan Chairman
Julius Christmas Group Director-Information Technology
Gilles Normand Chief Operating Officer
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