DONG Energy A/S (the “Issuer”) today announced (i) the aggregate nominal amount of Existing Securities validly offered for exchange and (ii) the indicative aggregate nominal amount of New Securities to be issued in exchange for such Existing Securities if the Issuer accepts such Existing Securities for Exchange, in connection with its invitation (which expired at 4.00 p.m. (London time) on 18 June 2013) to holders of the Existing Securities to exchange any and all of the Existing Securities for New Securities pursuant to the exchange offer launched on 10 June 2013 (the “Exchange Offer”).
As at the Expiration Deadline, €609,598,000 in aggregate nominal amount of Existing Securities had been validly offered for exchange pursuant to the Exchange Offer and if the Issuer accepts such Existing Securities for Exchange, assuming (for the purposes of calculating the following nominal amount only) an illustrative issue price of the New Securities of par, approximately €633,000,000 in aggregate nominal amount of New Securities would be issued by the Issuer in exchange for such Existing Securities.
The Exchange Offer was made on the terms and subject to the conditions set out in the exchange offer prospectus dated 10 June 2013 (the “Exchange Offer Prospectus”).
Capitalised terms used in this announcement but not defined have the meanings given to them in the Exchange Offer Prospectus.
The Pricing Details and the Exchange Ratio are expected to be calculated in the manner described in the Exchange Offer Prospectus on the date of this announcement (the “Pricing Time”), subject to the right of the Issuer, at its sole discretion, to amend such date and time.
Announcement of the Exchange Offer results and (if the Issuer announces its intention to issue Additional New Securities) the Additional New Securities Offer Results is expected to occur as soon as reasonably practicable after the Pricing Time.
Settlement of the Exchange Offer is expected to occur on 26 June 2013.
