06 August 2010
MAN GROUP PLC (THE “COMPANY”) ANNOUNCES THE RESULTS OF AN INVITATION to the holders of its U.S.$400,000,000 Floating Rate Step-Up Subordinated Notes due 2015 (ISIN: XS0230141813) (the “Existing Notes”) to offer to exchange any and all of such Existing Notes for U.S. dollar denominated 5.00 per cent. Subordinated Notes due 2017 (the “New Notes”) to be issued by the Company under its US$3,000,000,000 Euro Medium Term Note Programme
On 29 July 2010, the Company launched an invitation to all holders of the Existing Notes (subject to the offer restrictions set out in the Exchange Offer Memorandum (as defined below)) to offer to exchange any and all of their Existing Notes (the “Exchange Offer”) for New Notes, all as more fully described in the Exchange Offer Memorandum dated 29 July 2010 (the “Exchange Offer Memorandum”).
This announcement is made in accordance with the Exchange Offer Memorandum.
The Company hereby announces the results of the Exchange Offer:
Aggregate nominal amount of Existing Notes accepted for exchange by the Company: U.S.$232,089,000
Aggregate nominal amount of Existing Notes left outstanding following settlement of the Exchange Offer: U.S.$167,911,000
Aggregate nominal amount of New Notes to be issued by the Company: U.S.$232,089,000
The ISIN for the New Notes is XS0531882149.
Settlement of the Exchange Offer is expected to take place on 9 August 2010.
Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Exchange Offer Memorandum.
Holders are advised to read carefully the Exchange Offer Memorandum for full details of, and information on, the Exchange Offer. Requests for information in relation to the Exchange Offer should be directed to the Dealer Managers:
THE DEALER MANAGERS
Merrill Lynch International
2 King Edward Street
London EC1A 1HQ
For information by telephone: +44 (0) 20 7995 3715
Attention: John Cavanagh/Tommaso Gros-Pietro
1 Finsbury Avenue
London EC2M 2PP
For information by telephone: +44 (0)20 7567 0525
Attention: Liability Management Group
Email: [email protected]
Requests for information, documents or materials relating to the Exchange Offer should be directed to the Exchange Agent:
THE EXCHANGE AGENT
Lucid Issuer Services Limited
436 Essex Road
London N1 3QP
For information by telephone: +44 (0) 20 7704 0880
Attention: Sunjeeve Patel / David Shilson
Email: [email protected]
This announcement does not constitute an offer to sell or buy or the solicitation of an offer to sell or buy the Existing Notes and/or New Notes, as applicable.