HELICAL PLC

Capital/Financing Update • Mar 2, 2018

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RNS Number : 5884G

Helical PLC

02 March 2018

2 March 2018   

HELICAL PLC

('Helical'/ 'the Company')

CONFIRMATION OF EARLY REDEMPTION OF RETAIL BONDS

Helical confirms the redemption today of its £80.0m 6.00 per cent bonds in line with its plans to reduce debt and annual finance costs.

The bonds were originally issued on 24 June 2013 with a maturity date of 24 June 2020. The redemption price of the bonds was calculated at 11.00 a.m. on 28 February 2018 based on the benchmark gilt at that time plus a 0.5 per cent. margin, in accordance with, and as described in further detail in the terms and conditions of the bonds. The aggregate redemption price of the bonds is £88,680,000 excluding any accrued interest, a premium of £8,680,000 over the aggregate issue price of the bonds. Following the redemption of the bonds, the Company's future interest payments will reduce by £11,112,000 in the period to 24 June 2020, a net saving of £2,432,000.

For further information please contact:

Helical
Tim Murphy/James Moss	Tel: 020 7629 0113
FTI Consulting
Dido Laurimore/Tom Gough/Richard Gotla	Tel: 020 3727 1000

Forward-looking statements

Certain statements in this announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

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