TIDMMCAP
RNS Number : 3788H
Retail Charity Bonds PLC
13 March 2015
13 March 2015
The information contained herein is not for release, publication
or distribution in or into the United States, Australia, Canada,
Japan, South Africa, the Republic of Ireland or in any other
jurisdiction where it is unlawful to distribute this document. The
information contained herein may only be released, published or
distributed in the United Kingdom, Jersey, the Bailiwick of
Guernsey and the Isle of Man in accordance with the applicable
regulatory requirements.
This announcement is an advertisement and is not a prospectus
for the purposes of EU Directive 2003/71/EC, as amended, and/or
Part VI of the Financial Services and Markets Act 2000 (the
"FSMA"). This announcement is not itself an offer for the sale of
any Bonds. Investors should not subscribe for any Bonds (as defined
below) referred to in this announcement except on the basis of
information in the prospectus (the "Prospectus") in its final form
which will be published by Retail Charity Bonds plc (the "Issuer").
Before any Offer (as defined below) commences, copies of the
Prospectus will be made available to the public as required by Part
VI of the FSMA.
This announcement is a financial promotion prepared by Retail
Charity Bonds plc and approved by Canaccord Genuity Limited (the
"Lead Manager") solely for the purposes of section 21(2)(b) of the
FSMA. Canaccord Genuity Limited (incorporate in England No.
1774003) whose registered office is 88 Wood Street, London, EC2V
7QR, is authorised and regulated by the Financial Conduct
Authority.
No reliance may be placed on the Lead Manager for advice or
recommendations of any sort. The Lead Manager makes no
representation or warranty to you with regard to the information
contained in this announcement. The content of this announcement is
believed to be reliable but, in so far as it may do so under
applicable law, the Lead Manager does not warrant or make any
representation as to its completeness, reliability or accuracy.
The Lead Manager is acting for Retail Charity Bonds plc and is
acting for no-one else in connection with any offer of Bonds and
will not be responsible to anyone other than Retail Charity Bonds
plc for providing the protections afforded to clients of the Lead
Manager nor for providing advice in connection with any offer of
Bonds or any other matter referred to herein.
RETAIL CHARITY BONDS PLC INTENTION TO ISSUE STERLING BONDS
Retail Charity Bonds plc today announces a roadshow on behalf of
Hightown Praetorian & Churches Housing Association Limited
(Hightown) to meet with fixed income investors.
Retail Charity Bonds is an issuing platform enabling UK
charities to raise medium term debt finance through bonds issued to
retail and wholesale investors and listed on London Stock
Exchange's Order Book for Retail Bonds (ORB).
A sterling bond with a maturity of between eight and ten years
may follow, subject to market conditions
OFFER HIGHLIGHTS
-- The Bonds are expected to be listed on the Official List of
the UK Listing Authority and admitted to trading on the regulated
market of the London Stock Exchange
-- The Bonds are also expected to be eligible for the London
Stock Exchange's electronic Orderbook for Retail Bonds
-- The Offer is expected to take place in the coming weeks
-- The minimum application size is expected to be GBP500
-- The Offer is expected to comprise of an offer to members of
the retail investors in the UK, the Channel Islands and the Isle of
Man and an offer to institutional investors (in the UK and
elsewhere outside the United States under Regulation S)
ABOUT RETAIL CHARITY BONDS
-- Retail Charity Bonds is an initiative of the social
investment charity Allia, and established in association with
Canaccord Genuity
-- Established as an issuing platform enabling charities to
raise medium term debt through bonds listed on the London Stock
Exchange and traded on the Order book for Retail Bonds
-- The issuing vehicle, Retail Charity Bonds plc, is a public
limited company, but is not itself a charity. It is governed by an
independent board of directors
HIGHTOWN HIGHLIGHTS
-- Hightown is a registered social landlord and exempt charity
registered in England, regulated by the Homes and Community Agency
and the Care Quality Commission
-- Operates mainly in Hertfordshire, Bedfordshire and Buckinghamshire
-- Managing over 4,400 units of housing, of which approximately
2,602 are affordable homes for rent, 667 supported housing units,
598 homes for shared ownership and 566 leasehold homes
-- Provider of housing and support to people with support needs
including people with learning disabilities and mental health
problems, young people and homeless people (860 clients and 10,000
hours of support a week)
-- Developer of new affordable housing
For further information, please contact:
Allia
+44 (0) 12 2378 1303
Phil Caroe
Canaccord Genuity
Adrian Bell +44 (0) 20 7523 8000
Mark Glowrey
Henrietta Podd
IMPORTANT INFORMATION
The offering and the distribution of this announcement and other
information in connection with any offer in certain jurisdictions
may be restricted by law and persons who come into possession of
this announcement or any document or other information referred to
herein should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities law of any
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 Bonds. Any purchase of Bonds pursuant to any Offer should only
be made on the basis of the information contained in the
Prospectus, which contains important risk factors.
The Bonds will not be registered under the U.S. Securities Act
of 1933, as amended, (the "Securities Act"). Subject to certain
exceptions, the Bonds may not be offered, sold or delivered within
the United States or to, or for the account or benefit of U.S.
persons. The Bonds are expected to be offered and sold outside of
the United States in reliance on Regulation S of the Securities
Act. There will be no public offering in the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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