EnQuest plc 9.0% Notes due 2027
This offer is now closed for applications through interactive investor
Confirmation of Issue Size
EnQuest plc has confirmed the following sizing announcement, including results of the exchange offer:
- Issue Date: 27 April 2022
- Aggregate nominal amount of the Notes to be issued: £133,300,000
- Estimated net proceeds of the New Notes: £131,839,500
- Estimated total expenses of the offering: £1,460,500
- Expenses relating to admission to trading of the Notes: £6,000
Allocations have been met in full, meaning customers will receive 100% of the amount they applied for.
Allocations are being credited today (Thursday 21 April 2022). Confirmation of allocations will be sent once the Notes are showing on accounts.
Key information
| Issue price (per Note): | £1.00 |
| Minimum investment: | £2,000 (multiples of £1 thereafter) |
| Interest rate: | 9.0% |
| Term of the Bonds: | 5.5 years |
| Maturity date: | 27 October 2027 |
Expected timetable
| Offer open: | 29 March 2022 |
| Offer close: | 20 April 2022 (2pm) |
| Issue date of the Bonds: | 27 April 2022 |
| First day of trading: | 27 April 2022 |
The key dates for the offer are indicative only and subject to change without notice. The Company may end the Offer Period early or withdraw the offer at any time prior to the Issue Date.
Offer documents
"We, Interactive Investor Services Limited, refer to the offer of 9.00 per cent. Notes due 27 October 2027 (the "Notes") described in the Exchange Offer Memorandum and Prospectus dated 29 March 2022 (the "Exchange Offer Memorandum and Prospectus") published by EnQuest PLC (the "Issuer"). In consideration of the Issuer and the Guarantors named in the Exchange Offer Memorandum and Prospectus offering to grant their consent to our use of the Exchange Offer Memorandum and Prospectus in connection with the offer of the Notes in the United Kingdom, Jersey, the Bailwick of Guernsey and/or the Isle of Man during the Offer Period in accordance with the Authorised Offeror Terms (as specified in the Exchange Offer Memorandum and Prospectus), we hereby accept the offer by the Issuer and the Guarantors. We confirm that we are authorised under UK MiFIR to make, and are using the Exchange Offer Memorandum and 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 Exchange Offer Memorandum and 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.
"EnQuest plc" and the EnQuest plc logo are reproduced by kind permission of EnQuest 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.