RNS Number:2984Y
Corus Group PLC
13 February 2006
NOT FOR DISTRIBUTION IN THE USA OR ITALY
Corus Finance plc
£150,000,000 11.5 per cent. debenture stock due 2016 (the "Stock")
On 1 February 2006 Corus Finance plc (the "Company") announced an invitation to
sell and consent solicitation in respect of the Stock on terms contained in an
Invitation Memorandum of that date.
The Company now announces that each of the Early Fixed Spread and Fixed Spread
referred to in the Invitation Memorandum are hereby amended so that both are
0.375%. It will therefore accept offers to sell at a price that gives a yield
spread of 0.375% over the yield on 4.75% Treasury Stock 2015 on the Price
Determination Date (as referred to in the Invitation Memorandum). This price
will be payable in respect of Stock which has been validly offered for sale
prior to and after this announcement and in respect of Stock which is repaid by
the Company pursuant to the resolution which is to be considered at the meeting
of the holders of the Stock (the "Stockholders") on 24 February 2006, notice of
which was given in the Invitation Memorandum.
All other terms of the invitation made to Stockholders in the Invitation
Memorandum will remain unchanged.
The Company has received offers to sell or irrevocable undertakings to make
offers to sell from Stockholders representing over 75% in nominal amount of the
Stock.
Corus Group plc: Paul Strickland, Director Corporate Finance (020 7717 4595);
and Emma Tovey, Director Investor Relations (020 7717 4505)
JPMorgan Cazenove (Dealer Manager): Francis Burkitt (020 7155 4924); John
Cavanagh (020 7742 7506); and Tim Waters (020 7155 8101)
Lloyds TSB Registrars: Tender and Tabulation Agent: Helpline (0870 609 2158 or
from overseas +44 1903 276 342)
RNS Number:2986Y
Corus Finance PLC
13 February 2006
NOT FOR DISTRIBUTION IN THE USA OR ITALY
Corus Finance plc
£150,000,000 11.5 per cent. debenture stock due 2016 (the "Stock")
On 1 February 2006 Corus Finance plc (the "Company") announced an invitation to
sell and consent solicitation in respect of the Stock on terms contained in an
Invitation Memorandum of that date.
The Company now announces that each of the Early Fixed Spread and Fixed Spread
referred to in the Invitation Memorandum are hereby amended so that both are
0.375%. It will therefore accept offers to sell at a price that gives a yield
spread of 0.375% over the yield on 4.75% Treasury Stock 2015 on the Price
Determination Date (as referred to in the Invitation Memorandum). This price
will be payable in respect of Stock which has been validly offered for sale
prior to and after this announcement and in respect of Stock which is repaid by
the Company pursuant to the resolution which is to be considered at the meeting
of the holders of the Stock (the "Stockholders") on 24 February 2006, notice of
which was given in the Invitation Memorandum.
All other terms of the invitation made to Stockholders in the Invitation
Memorandum will remain unchanged.
The Company has received offers to sell or irrevocable undertakings to make
offers to sell from Stockholders representing over 75% in nominal amount of the
Stock.
Corus Group plc: Paul Strickland, Director Corporate Finance (020 7717 4595);
and Emma Tovey, Director Investor Relations (020 7717 4505)
JPMorgan Cazenove (Dealer Manager): Francis Burkitt (020 7155 4924); John
Cavanagh (020 7742 7506); and Tim Waters (020 7155 8101)
Lloyds TSB Registrars: Tender and Tabulation Agent: Helpline (0870 609 2158 or
from overseas +44 1903 276 342)
This information is provided by RNS
The company news service from the London Stock Exchange
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