9 Nov 2017 08:21
9th November 2017
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Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
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National Express Group PLC
Pre-stabilisation Period Announcement
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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).
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The securities: | Â |
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: | Â |
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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