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Li & Fung - Tender Offer - Results as at the Expiration Date
GENERAL ANNOUNCEMENT:: RESULTS AS AT THE EXPIRATION DATE OF THE INVITATIONS - XS2214755345
19 OCTOBER 2023
Full announcement, including disclaimers and restrictions is available at: SGX Group
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GENERAL ANNOUNCEMENT:: EARLY PAYMENTS OF EARLY TENDER CONSIDERATION AND ACCRUED INTEREST TO HOLDERS - XS2214755345
06 OCTOBER 2023
Full announcement, including disclaimers and restrictions is available at: SGX Group
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GENERAL ANNOUNCEMENT:: EARLY DEADLINE RESULTS OF, AND AMENDMENTS TO, THE INVITATIONS - XS2214755345
04 OCTOBER 2023
Full announcement, including disclaimers and restrictions is available at: SGX Group
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GENERAL ANNOUNCEMENT:: EXTENSION OF THE EARLY DEADLINE OF THE INVITATIONS - XS2214755345
29 SEPTEMBER 2023
Full announcement, including disclaimers and restrictions is available at: SGX Group
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GENERAL ANNOUNCEMENT:: INVITATIONS TO HOLDERS TO OFFER TO TENDER NOTES FOR REPURCHASE FOR CASH - XS2214755345
15 SEPTEMBER 2023
Full announcement, including disclaimers and restrictions is available at: SGX Group
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****PREVIOUS OFFERS BELOW****
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Results as at the Expiration Date of the invitations to Holders
to offer to tender Notes for repurchase for cash
U.S.$600,000,000 4.50 per cent. Notes due 2025
(issued in four tranches of U.S.$300,000,000, U.S.$100,000,000, U.S.$100,000,000 and U.S.$100,000,000 on 18 August 2020, 24 August 2020, 29 October 2020 and 27 January 2021, respectively)
(ISIN: XS2214755345; Common Code: 221475534)
Full announcement available via Singapore Stock Exchange.
"Final Results of the Offer
The Offer expired at 11:59 p.m. (New York City Time) on 19 December 2022 (12:59 p.m. (Hong Kong Time) on 20 December 2022).
The following table sets forth the key results of the Offer as of the Expiration Date:
As the aggregate principal amount of the Notes validly tendered on or prior to the Expiration Date has not exceeded the Maximum Acceptance Amount, the Company has accepted for purchase such Notes without applying any proration.
The Company has decided to accept U.S.$1,350,000 in aggregate principal amount of Notes validly tendered after the Early Deadline but on or prior to the Expiration Date pursuant to the Offer and such accepted Notes will be settled and cancelled on the Final Settlement Date, which is expected to be on 21 December 2022 unless otherwise extended by the Company in its sole discretion.
Consideration Payable
The Tender Consideration payable by the Company for the U.S.$1,350,000 in aggregate principal amount of Notes tendered after the Early Deadline but on or prior to the Expiration Date and accepted for purchase by the Company will consist of, with respect to each U.S.$1,000 of principal amount of Notes, (1) cash in the amount of U.S.$875.00, plus (2) the Accrued Interest.
The aggregate consideration expected to be paid by the Company on the Final Settlement Date to Holders of the Notes who validly submitted Tender Instructions is U.S.$1,202,006.25 (including Accrued Interest on Notes accepted for purchase by the Company)."
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Early Deadline Results of, and amendment pursuant to, the invitations to Holders to offer to tender Notes for repurchase for cash:
Full announcement available via Singapore Stock Exchange.
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Full announcement available via Singapore Stock Exchange.
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"PURPOSE OF THE OFFER
The Offer is intended to reduce the Company’s indebtedness. All of the Notes validly tendered and accepted for purchase in the Offer will be cancelled."
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