Public tender supply for hybrid securities
DO NOT DISTRIBUTE IN OR IN OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (UNITED STATES) OR TO ANY PERSON IN THE UNITED STATES (AS DEFINED IN THE UNITED STATES). RULES UNDER THE US SECURITIES ACT OF 1933) OR IN ANY OTHER JURISDICTION OR JURISDICTION WHERE IT IS ILLEGAL TO DISTRIBUTE THIS ADVERTISEMENT OR THE OFFERING MEMORANDUM (AS DEFINED BELOW).
This announcement and the tender supply memorandum don’t represent an invite to take part within the supply (as outlined under) in any jurisdiction during which, or to any particular person to whom or from whom, it It’s unlawful to make any such invitation or for there to be such participation beneath relevant securities legal guidelines. Distribution of this announcement and the prospectus of the tender supply in sure jurisdictions could also be restricted by legislation.
Ørsted A / S hereby invitations the holders of:
· EUR 700,000,000 of 6.25% hybrid fairness securities due 3013 (the “securities”; ISIN: XS0943370543)
to supply Notes to be bought by Ørsted A / S for an general focused buy quantity of as much as EUR 250 million in money beneath the situations and topic to the situations set out within the tender supply notice dated  February 2021 (the “Public Provide Memorandum”) (the “Provide”). The tender supply is conditional on the profitable issuance of the two-tranche subordinated inexperienced hybrid fairness securities (“New Hybrid Situation”), as additionally introduced at this time by Ørsted. Capitalized phrases used on this announcement and never outlined elsewhere have the meanings assigned to them within the tender supply memorandum.
Ørsted A / S pays (for the Securities it accepts for buy in accordance with the Provide) a Buy Worth calculated as regards to the Buy Yield at 5:00 p.m. on February 17, 2021 (the “Pricing Date “).
The acquisition worth can be confirmed as quickly as moderately doable on the pricing date. Ørsted A / S may also pay accrued curiosity on securities accepted for buy in accordance with the related supply.
With the brand new Ørsted hybrid challenge, the purpose of the supply is to partially refinance the securities and to extend the whole quantity of Ørsted’s hybrid capital in circulation. Securities bought by Ørsted A / S in accordance with the supply can be canceled and won’t be reissued or resold. Securities which haven’t been validly provided and accepted for buy in accordance with the supply will stay in circulation.
The Provide begins at this time February 9, 2021 and can expire at 5:00 p.m. (CET) on February 16, 2021. The outcomes of the Provide can be introduced as quickly as moderately doable on the Pricing Date. Settlement of the supply is scheduled for February 18, 2021.
Additional particulars of the Provide may be discovered within the Public Provide Memorandum accessible via the Tender Agent (Lucid Issuer Service Restricted; Phone: +44 207 704 0880; e-mail: [email protected]) by way of the next hyperlink: [https://portal.lucid-is.com.] Unregistered customers: please full the person registration type positioned on the identical web site by going to [https://portal.lucid-is.com/register?returnUrl.]
Barclays Financial institution Eire PLC, Deutsche Financial institution Aktiengesellschaft, Goldman Sachs Worldwide, Morgan Stanley & Co. Worldwide plc and Nordea Abp will act as Seller Managers in reference to the takeover bid.
The knowledge contained on this announcement doesn’t change Ørsted’s monetary forecast for fiscal yr 2021 or the deliberate stage of funding introduced for 2021.
Carsten Birkeland Kjær
+45 99 55 77 65
Allan Bødskov Andersen
+45 99 55 79 96
Provide and distribution restrictions
Neither this announcement, nor the Public Provide Memorandum nor its digital transmission constitutes a proposal to purchase or the solicitation of a proposal to promote Securities (and gives of Securities for buy pursuant to the Provide won’t be not accepted from Holders (as outlined within the Provide Provide Observe)) in any circumstance during which such a proposal or solicitation is prohibited. In jurisdictions the place securities, blue sky or different legal guidelines require that a proposal be made by a licensed dealer or dealer and one of many brokerage managers (as outlined within the public providing memorandum of ‘buy) or one in all their respective associates is such a licensed dealer. or dealer in such jurisdiction, any such supply can be deemed to have been made by such managing dealer or an affiliate, because the case could also be, on behalf of Ørsted A / S in that jurisdiction.
The Public Provide Memorandum accommodates sure provide and distribution restrictions with which all Holders should guarantee compliance.
Ørsted’s imaginative and prescient is a world that runs fully on inexperienced power. Ørsted develops, builds and operates offshore and onshore wind farms, photo voltaic farms, power storage amenities and bioenergy vegetation, and provides power merchandise to its prospects. Ørsted ranks because the world’s most sustainable power firm within the 2021 Company Knights Index of the World’s 100 Most Sustainable Firms and is acknowledged on the CDP’s A Checklist on Local weather Change as a worldwide chief in local weather motion. Primarily based in Denmark, Ørsted employs 6,179 folks. Ørsted shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group’s turnover was 52.6 billion DKK (7.1 billion euros). Go to orsted.com or observe us on Fb, LinkedIn, Instagram and Twitter.