By LSE RNS
9th November 2017
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
National Express Group PLC
Pre-stabilisation Period Announcement
Merrill Lynch International (contact: Joe Smith-Morgan ; telephone: 0044 207 9953966) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).
The securities: |
|
Issuer: |
National Express Group PLC |
Guarantor (if any): |
West Midlands Travel Limited |
Aggregate nominal amount: |
€250mn |
Description: |
2.5yr FRN |
Offer price: |
IPTs @ 3m€+55a |
Other offer terms: |
n/a |
Stabilisation: |
|
Stabilisation Manager(s): |
Merrill Lynch International Mitsubishi UFJ Securities International plc |
Stabilisation period expected to start on: |
9th November 2017 |
Stabilisation period expected to end no later than: |
9th December 2017 (30 days after the commencement of the stabilisation period) |
Existence, maximum size and conditions of use of over-allotment facility: |
The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law. |
Stabilisation trading venue: |
Over the counter (OTC) |
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