EQS-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Bond
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
K+S Aktiengesellschaft herewith announces a public tender offer to the holders of the outstanding bond maturing in 2024 (ISIN: XS1854830889) for buy-back in cash (the "Offer"). The Offer is designed to proactively use the Company's existing cash in order to reduce its outstanding financial liabilities, to optimize its balance sheet structure and to reduce the Company's future cost of interest. The buy-back price under the Offer is 100.00% and therefore slightly above the current price, plus accrued interest. The Offer period begins today on November 18, 2022 and is expected to end on November 29, 2022 at 4 pm CET. The result of the Offer is intended to be disclosed on November 30, 2022. The settlement of the Offer is expected to take place on December 1, 2022. The invitation to tender any outstanding bonds for repurchase shall be valid and take effect only outside the territories of the United States. The Offer is not open to US persons. Further information and restrictions with respect to the Offer will be published in a Tender Offer Memorandum, which, immediately upon this disclosure can be obtained from Kroll Issuer Services Limited acting as Tender Agent at https://deals.is.kroll.com/kpluss or via email (kpluss@is.kroll.com). Contact: Investor Relations: Julia Bock Phone: +49 561 9301-1009 julia.bock@k-plus-s.com
18-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | K+S Aktiengesellschaft |
Bertha-von-Suttner-Str. 7 | |
34131 Kassel | |
Germany | |
Phone: | +49 561 9301 0 |
Fax: | +49 561 9301 2425 |
E-mail: | investor-relations@k-plus-s.com |
Internet: | www.k-plus-s.com |
ISIN: | DE000KSAG888 |
WKN: | KSAG88 |
Indices: | MDAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1491013 |
End of Announcement | EQS News Service |
|
1491013 18-Nov-2022 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.