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NatEx EUR Nov 2017 Pre-Stabilisation Notice

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By LSE RNS

RNS Number : 0272W
Merrill Lynch Intl (DTG) Syndicate
09 November 2017
 

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)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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