13 Nov 2012 07:00
The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.
13 November 2012
Stobart Group Limited ("Stobart" or "the Group")
Stobart enters retail bond market
·; UK industrial heartland comes to the Sterling retail bond market
·; 5.50% per annum fixed rate for six years
Stobart, a member of the FTSE 250, becomes the first industrial superbrand to enter the UK retail bond market. As a leading investor in UK industry and infrastructure, Stobart is offering a 5.50% per annum fixed rate six year Sterling bond, available from today.
Stobart Chief Financial Officer, Ben Whawell, said: "Following a successful UK road show to test market conditions for a retail bond issue, we are very pleased to announce our entry to the market today. We enter the market on the back of significant expansion of the Group, with developments in our air, biomass and estates divisions now delivering results and bringing benefits across the business."
Stobart bonds are expected to be listed on the Order Book for Retail Bonds on the London Stock Exchange, and can be bought and sold in multiples of £100 face value (minimum investment of £2,000) and pay a fixed rate interest of 5.50% each year for the life of the bonds, paid in half-yearly instalments.
The offer is expected to remain open until 27 November 2012 but may close earlier. The issue is being managed by Canaccord Genuity, and the bonds can be bought and sold by investors through stockbrokers or wealth managers. During the life of the bonds, investors can sell them at any time (within market hours and in normal market conditions) on the open market through their stockbroker or wealth manager.
For further information, please see Stobart's website:
www.stobartgroup.co.uk/investors/retail-bond-offer
http://www.rns-pdf.londonstockexchange.com/rns/9376Q_1-2012-11-12.pdf
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Enquiries:
On behalf of Stobart:
James Andrew
Influence 07545 505 058 or james@influenceltd.com
David Bick
Square1 Consulting 0207 929 5599 or david.bick@square1consulting.co.uk
About Stobart
Stobart is listed on the London Stock Exchange in the FTSE 250 (LSE:STOB). With over 6,600 employees operating from more than 50 sites across the UK and Europe, Stobart is a UK front-runner in the multimodal logistics, warehousing, civil engineering, rail infrastructure and biomass fuel sectors. At the core of the Group is the Transport and Distribution division, incorporating Eddie Stobart - the iconic name behind a huge road haulage fleet totalling some 2,500 vehicles, over 4,000 trailers and over seven million square feet of warehousing. Stobart Estates, Stobart Infrastructure and Civils, Stobart Air and Stobart Biomass divisions complete the Group's business structure. See: www.stobartgroup.com
Notes to Editors:
·; The bonds may not be suitable for all investors. Investors should ensure they fully understand the risks and seek independent financial advice.
·; Investors should note that the price of the bonds can rise and fall during the life of the investment and the price of the bonds could fall below the issue price of £100.
·; In the event that Stobart Group Limited defaults or becomes insolvent, investors may lose some or all of their investment.
Disclaimer
This announcement is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the "Directive"), and/or Part VI of the Financial Services and Markets Act 2000. Investors should not subscribe for any bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on Stobart and the offer of the bonds is only available on the basis of the combination of the Prospectus to be published in respect to the bonds and Sizing Announcement. Investors may obtain copies of the Prospectus and the Sizing Announcement (once published) on the website of the Regulatory News Services operated by the London Stock Exchange.
The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of bonds pursuant to the offer should only be made on the basis of the information contained in the Prospectus, available as described above.
The bonds have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") and, subject to certain exceptions, may not be offered, sold or delivered within the United States. The bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act, and are subject to certain U.S. tax law requirements.