| GPG Finance Limited
15/12/2013
9.00% |
 |
| The Issuer |
GPG Finance Limited, guaranteed Guinness Peat Group Limited |
|
| Business of the Issuer |
GPG Finance Limited is a wholly owned subsidiary of Guinness Peat Group plc (GPG). GPG is an investment holding company with a diversified range of strategic interests in a number of businesses, mainly in Europe and Australasia. |
|
| Issue Size |
76.8m |
|
| Maturity Mechanism |
On maturity (the 'election date') the holder has the option of either:
- retaining the note on new terms offered, or
- request that the notes be redeemed.
If redemption is requested, GPG has the option to either:
- purchase the notes from the holder for cash, or
- redeem the notes by issuing equivalent value of ordinary shars in GPG. The number of shares issued will be determined by dividing the face value of the notes by a share price that represents 97% of the then market price.
|
|
| S&P Rating |
Not Rated |
|
| Debt Ranking |
Unsecured subordinated debt of the issuer. |
|
| Interest |
Quarterly on 15 March, 15 June, 15 September and 15 December. |
|
| Registration |
Holders will receive a notice of registration from the registry and Holder and FIN numbers. |
|
| Registry |
Computershare Registry Services |
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