This press release may constitute a public disclosure of inside information under Article 17(1) of Regulation (EU) No 596/2014
NOTICE OF CONFIRMATION OF REDEMPTION CONDITION
(formerly Sisal Group S.p.A., the “Issuer”)
€275,000,000 of the Issuer’s €400,000,000 7.00% Senior Secured Fixed Rate Notes due 2023
Reg S: ISIN: XS1454980159 / Common Code: 145498015
144A: ISIN: XS1454980662 / Common Code: 145498066
Reference is made to (i) €275,000,000 of the Issuer’s €400,000,000 7.00% Senior Secured Fixed Rate Notes due 2023 originally issued on July 28, 2016 by Schumann S.p.A. (now merged by way of incorporation into the Issuer) (the “Notes”) and (ii) the notice of conditional redemption delivered by the Issuer on July 26, 2022 in connection with the Notes (the “Notice”).
Pursuant to the Notice the Issuer has elected to redeem the Notes on August 5, 2022 (“Redemption Date”). The redemption price of the Notes called for redemption is 100.000% of the outstanding principal amount of the Notes called for redemption plus accrued and unpaid interest from (and including) July 31, 2022 (the last date upon which interest on the Notes called for redemption was paid) to (but not including) the Redemption Date in the aggregate amount of (assuming satisfaction or waiver of the Redemption Condition on or prior to August 5, 2022) €275,267,361.11, which comprises (i) the 100.000% of outstanding principal of €275,000,000 and (ii) accrued but unpaid interest equal to €267,361.11.
We hereby confirm that the redemption condition referred to under the Notice has been satisfied, following which the Notes will be redeemed on August 5, 2022.
Any questions regarding this Notice of Confirmation of Redemption Condition should be directed to the Issuer at:
Via Ugo Bassi 6
Contact: Roberto Di Fonzo and Alessandro Croce
E-mail: firstname.lastname@example.org; email@example.com
Issued by: Sisal S.p.A.
Dated: August 4, 2022
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This announcement does not constitute an offer to sell by Sisal S.p.A. as Issuer or the solicitation of an offer to buy securities in any jurisdiction. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted. It may be unlawful to distribute this document in certain jurisdictions.
This announcement contains certain forward-looking statements with respect to certain of the Issuer’s current expectations and projections about future events. These statements, which sometimes use words such as “intend,” “proposed,” “plan,” “expect,” and words of similar meaning, reflect management’s beliefs and expectations and involve a number of risks, uncertainties and assumptions (including the completion of the transactions described in this announcement) that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law, the Issuer assumes no responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement.