ITV PLC has announced the final results of its cash tender offer for its €600,000,000 1.375 per cent. Notes due 26 September 2026. The offer, which was made on the terms and conditions outlined in the tender offer memorandum, saw €316,312,000 in aggregate nominal amount of Notes tendered for purchase by the Offeror. The Final Acceptance Amount has been set at €240,000,000 in aggregate nominal amount of Notes, subject to pro rata scaling at a Scaling Factor of 75.90 per cent.
The pricing for the offer was finalized with a purchase yield of 3.564 per cent and a purchase price of 95.301 per cent, subject to the satisfaction or waiver of the New Issue Condition. The expected Settlement Date for the offer is 19 June 2024, with €360,000,000 in aggregate nominal amount of the Notes remaining outstanding after the settlement.
Barclays Bank PLC and NatWest Markets Plc are acting as Dealer Managers for the offer, while Kroll Issuer Services Limited is acting as the Tender Agent. This announcement contains information that may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law. It is released by Chris Kennedy, Chief Operating Officer and Chief Finance Officer at ITV PLC.