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Vienna Insurance Group AG - Tender Offer - Results (AT)

VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe announces the final results of its Tender Offer in respect of its EUR 400,000,000 Subordinated Notes due 2 March 2046 (ISIN: AT0000A1D5E1) (the "Notes")


21 APRIL 2023


Full announcement including disclaimers and offer restrictions available via VIG


"21 April 2023. VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (the "Company") announces today the final results of its invitation to eligible holders of its outstanding EUR 400,000,000 Subordinated Notes due 2 March 2046 Notes (ISIN: AT0000A1D5E1) (the “Notes”) to tender any and all such Notes for purchase by the Company for cash subject to the conditions described in the Tender Offer Memorandum (as defined below) (the "Offer").


The Offer was announced on 13 April 2023 and was made on the terms and subject to the conditions contained in a tender offer memorandum dated 13 April 2023 (the "Tender Offer Memorandum"). This announcement is for information purposes only and should be read in conjunction with the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum.


The Offer commenced on 13 April 2023 and expired at 5 p.m. (CEST) on 20 April 2023. As at the Expiration Deadline, EUR 185.587.000,00 in aggregate principal amount of Notes were validly tendered for purchase pursuant to the Offer.

Pricing for the Offer took place at or around 11 a.m. (CEST time) today. A summary of the Offer pricing is set out in the table below:"


The Company will also pay an Accrued Interest Payment in respect of Notes accepted for purchase pursuant to the Offer.


The expected Settlement Date for the Offer is 25 April 2023. Following the settlement of the Offer, EUR 214.413.000,00 in aggregate principal amount of the Notes will remain outstanding."

 

VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe announces a Tender Offer in respect of its EUR 400,000,000 Subordinated Notes due 2 March 2046 (ISIN: AT0000A1D5E1) (the "Notes").


13 APRIL 2023


Full announcement including disclaimers and offer restrictions available via VIG


"13 April 2023. VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (the "Company") announces today an invitation to eligible holders of its EUR 400,000,000 Subordinated Notes due 2 March 2046 Notes (ISIN: AT0000A1D5E1) to tender any and all such Notes for purchase by the Company for cash subject to the conditions described in the Tender Offer Memorandum (as defined below) (the "Offer")."



"Rationale for the Offer


The Offer is being made as part of the Company's active management of its capital base. Notes purchased by the Company pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold. "

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