25 February 2019
THIS ANNOUNCEMENT RELATES TO THE
DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS
INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET
ABUSE REGULATION (EU) 596/2014
GKN Holdings
Limited (“GKN Holdings”)
Transfer of
Securities to the PSM
£450,000,000
5.375% Notes due 19 September 2022
(Common Code: 083097825; ISIN: XS0830978259) issued under the
£2,000,000,000 Euro Medium Term Note Programme of GKN Holdings
(“2022 Notes”);
and
£300,000,000
3.375% Notes due 12 May 2032 (Common
Code: 161185779; ISIN: XS1611857795) issued under the
£2,000,000,000 Euro Medium Term Note Programme of GKN Holdings
(“2032 Notes”)
Notice is given that GKN Holdings has applied to the UK Listing
Authority and the London Stock Exchange for the transfer, on or
about 11 March 2019, of the
outstanding notes issued by GKN Holdings listed above (collectively
the “Notes”) from the Main Market of the London Stock Exchange plc
to the Professional Securities Market of the London Stock
Exchange.
Pursuant to separate meetings of the holders of the 2022 Notes
and 2032 Notes held on 22 February
2019, certain amendments to the provisions of the trust
deeds constituting each of the Notes, the terms and
conditions of the Notes and other related documents, as described
in more detail and in accordance with the terms and conditions set
out in a consent solicitation memorandum dated 29 January 2019 (the “Consent Solicitation
Memorandum”) and the Notice of Meetings dated 29 January 2019 (the “Notice”) prepared by GKN
Holdings, were approved by way of extraordinary resolutions.
Thereafter, among others, Supplemental Trust Deeds (as defined in
the Consent Solicitation Memorandum) in respect of the 2022 Notes
and the 2032 Notes were executed and GKN Holdings has now decided
to transfer the listing of the Notes to the PSM.
General:
This announcement is released by GKN Holdings and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (“MAR”). For the purposes of MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055,
this announcement is made by Garry
Barnes, Director at GKN Holdings.
Enquiries:
Montfort Communications:
+44 (0) 20 3514 0897
Nick Miles, Charlotte McMullen +44 (0) 7973 130 669 / +44
(0) 7921 881 800