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A.P. MØLLER - MÆRSK A/S - Tender Offer - Launch

announces the launch of a Tender Offer inviting the Qualifying Holders of the following Notes issued by the Company to tender any and all of the Notes for purchase for cash on the terms and subject to the conditions set out in full in the Tender Offer Memorandum


24 MARCH 2023


Full announcement including disclaimers and offer restrictions available via LUXSE



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"Introduction to and Rationale for the Tender Offer


On the terms and subject to the conditions contained in the Tender Offer Memorandum, the Company invites Qualifying Holders (subject to the offer restrictions contained in the Tender Offer Memorandum) Title of Security ISIN / Common Code Outstanding Principal Amount Benchmark Security Purchase Spread Amount subject to the Tender Offer £300,000,000 4.00 per cent. Notes due 4 April 2025 (the “Notes”) XS0911553039 / 091155303 £300,000,000 UK Treasury 5.000 per cent. due 7 March 2025 (ISIN: GB0030880693) 85 bps Any and all A50378823 2 to tender any and all of their Notes for purchase by the Company for cash in an amount equal to the relevant Tender Consideration on the terms and subject to the conditions set out in full in the Tender Offer Memorandum. Any Notes purchased by the Company pursuant to the Tender Offer will be cancelled and will not be reissued or resold. Notes which have not been validly submitted and accepted for purchase pursuant to the Tender Offer will remain outstanding. As part of the Company's active approach to liability management, the Tender Offer is being made to utilise cash on hand to prepay, in whole or in part, the Notes. If the Company decides to accept any validly tendered Notes for purchase, the Company will accept for purchase all of the Notes that are validly tendered in full and there will be no pro-ration applied to such tenders."

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