HSBC has issued a pre-stabilization notice regarding the offer of securities by B&M European Value Retail S.A. The securities in question are fixed due 2030 nc 3 with an aggregate nominal amount of GBP 250,000,000. The offer price is yet to be determined. The stabilizing manager for this offer is HSBC Bank plc, and the stabilizing period is expected to start on November 14, 2023, and end no later than December 22, 2023. The over-allotment facility is set at 5% of the aggregate nominal amount. The stabilizing venue will be over the counter (OTC).
The purpose of the stabilization is to support the market price of the securities at a level higher than it would otherwise be. However, there is no guarantee that the stabilizing manager will take any action, and if they do, it may be ended at any time. Any stabilizing action or over-allotment will be conducted in accordance with applicable laws and rules.
This announcement is for informational purposes only and does not constitute an invitation or offer to acquire or dispose of any securities of the issuer. It is also stated that if this announcement is communicated in any EEA Member State before the publication of an approved prospectus, it is only addressed to qualified investors within the meaning of the Prospectus Regulation.
The announcement and offer of the securities are only addressed to persons outside the United Kingdom and persons in the United Kingdom who have professional experience in investment matters or who are high net worth persons within the Financial Services and Markets Act 2000. It is emphasized that this announcement is not an offer of securities for sale in the United States, and the securities have not been registered under the United States Securities Act of 1933.