Proposed Issue Update
On 7 October 2021, AMR GP Finance plc (the "Company") announced that it was offering 7.0% sterling bonds to the retail market in order to support the financing of its operations, including in relation to the new campus development (the "Proposed Issue"). The Proposed Issue has become less attractive when compared with alternative sources of financing available and with which the Company is in active discussions, including for a larger amount than what was initially envisaged via the Proposed Issue.
Accordingly, the Company has decided not to proceed with the Proposed Issue at this time.
Subscription amounts are being re-credited to accounts (Monday 1 November 2021).
Key information
| Issue price (per Bond): | £100 |
| Minimum investment: | £1,000 (multiples of £100 thereafter) |
| Interest rate: | 7.00% |
| Term of the Bonds: | 5 years |
| Maturity date: | 8 November 2026 |
Expected timetable
| Offer open: | 7 October 2021 |
| Offer close: | 1 November 2021 (10am) |
| Issue date of the Bonds: | N/A |
| First day of trading: | N/A |
Offer documents
Offer announcements
We, Interactive Investor Services Limited, refer to the offer of 7.00 per cent. Bonds due 2026 (the “Bonds”) described in the Prospectus dated 7 October 2021 (the “Prospectus”) published by AMR GP Finance PLC (the “Issuer”). In consideration of the Issuer and the Guarantor named in the Prospectus offering to grant their consent to our use of the Prospectus in connection with the offer of the Bonds in the United Kingdom, Jersey, the Bailiwick of Guernsey, and/or the Isle of Man during the Offer Period in accordance with the Authorised Offeror Terms (as specified in the Prospectus), we hereby accept the offer by the Issuer and the Guarantor. We confirm that we are authorised under UK MiFIR to make, and are using the Prospectus in connection with, the Public Offer accordingly. Terms used in this paragraph and otherwise not defined shall have the same meaning as given to such terms in the Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"AMR GP Finance PLC" and the AMR GP Finance PLC logo are reproduced by kind permission of AMR GP Finance PLC. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.