TIDM46XU

RNS Number : 3453P

SMBC Nikko Capital Markets Limited

09 October 2019

POST-STABILISATION ANNOUNCEMENT

Date: 9 October 2019

Not for the distribution, directly or indirectly in to the United States or any jurisdiction in which such distribution would be unlawful.

Cadent Finance PLC

Post - Stabilisation Notice

SMBC Nikko Capital Markets Limited ("SMBC Nikko") (contact: Steve Apted +44 20 3527 7442) hereby gives notice that no stabilisation was undertaken by the Stabilising Manager(s) named below in relation to the offer of the following securities.

 
 The Securities: 
 Issuer:                         Cadent Finance PLC 
                                ------------------------------------- 
 Guarantor (if any):             Cadent Gas Limited 
                                ------------------------------------- 
 Aggregate Nominal Amount:       GBP 300m 
                                ------------------------------------- 
 Description:                    GBP Bonds due 10/2035 
                                  Senior, Unsecured, Reg S 
                                  English Law 
                                  Listing: London Stock Exchange 
                                  ISIN: XS2062820290 
                                ------------------------------------- 
 Offer price:                    98.693% 
                                ------------------------------------- 
 Other offer terms:              Denoms: GBP 200,000 + 1k 
                                  Make Whole Call 
                                ------------------------------------- 
 Stabilisation: 
                                ------------------------------------- 
 Stabilising manager(s):         SMBC Nikko (Stabilising Coordinator) 
                                  Morgan Stanley International 
                                  Barclays 
                                ------------------------------------- 
 Stabilisation started:          - 
                                ------------------------------------- 
 Stabilisation last occurred:    N/A (no stabilisation occurred) 
                                -------------------------------------

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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