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    JRP   GB00BCRX1J15

JUST GROUP PLC

(JRP)
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Just Group plc Announces Result of Tender Offer in Respect of its £230,000,000 3.500%. Subordinated Tier 3 Notes Due 2025

10/14/2020 | 08:14am EDT

Just Group plc announced an invitation to eligible holders (Noteholders) of its £230,000,000 3.500%. Subordinated Tier 3 Notes due 2025 (the Target Notes) to tender such Target Notes for purchase by the Offeror for cash up to the Final Acceptance Amount, subject to satisfaction of the New Financing Condition and on the terms and subject to the conditions described in a tender offer memorandum dated 6 October 2020 (the Tender Offer Memorandum) prepared by the Offeror (the Offer). Capitalised terms used and not otherwise defined in this announcement shall have the meanings given in the Tender Offer Memorandum. This is the results announcement referred to in the Tender Offer Memorandum. New Financing Condition and Settlement of the Offer: The Offeror currently expects the New Financing Condition to be satisfied on 15 October 2020. Subject to satisfaction or waiver by the Offeror of the New Financing Condition, the Settlement Date for the Offer is scheduled for 16 October 2020. Total amount payable to Noteholders pursuant to the Offer. Subject to satisfaction of the New Financing Condition, upon settlement of the Offer the total amount that will be paid to each Noteholder on the Settlement Date in respect of the Target Notes accepted for purchase from such Noteholder will be an amount (rounded, if necessary, to the nearest £0.01, with £0.005 rounded upwards) equal to the sum of: the product of (i) the aggregate nominal amount of the Target Notes of such Noteholder accepted for purchase pursuant to the Offer and (ii) the Purchase Price of 94.25%.; and the Accrued Interest Payment in respect of such Target Notes.


© S&P Capital IQ 2020
All news about JUST GROUP PLC
09/16Just Group Refinances via Issue of GBP325 Million in Sustainability Bonds
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09/13JUST : to Repurchase $408.3 Million of Convertible Notes
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09/06JUST : to Offers to Repurchase $415 Million of Convertible Notes, Plans New Issue
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08/16JUST : To Sell Mortgage Portfolio To Rothesay Life For $463 Million
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08/13THE LATEST FROM LONDON : Quiet day ahead
08/12Just Group plc Reports Earnings Results for the Half Year Ended June 30, 2021
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08/12JUST : Shifts to H1 Loss on Investment Expenses
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04/01Just Group plc Appoints John Perks as Non-Executive Director
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Analyst Recommendations on JUST GROUP PLC
More recommendations
Financials
Sales 2021 2 982 M 4 076 M 4 076 M
Net income 2021 -55,4 M -75,8 M -75,8 M
Net Debt 2021 535 M 731 M 731 M
P/E ratio 2021 -14,6x
Yield 2021 -
Capitalization 977 M 1 336 M 1 336 M
EV / Sales 2021 0,51x
EV / Sales 2022 0,45x
Nbr of Employees 1 038
Free-Float 98,4%
Chart JUST GROUP PLC
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Just Group plc Technical Analysis Chart | JRP | GB00BCRX1J15 | MarketScreener
Technical analysis trends JUST GROUP PLC
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TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 94,10 GBX
Average target price 117,33 GBX
Spread / Average Target 24,7%
EPS Revisions
Managers and Directors
David Louis Richardson Group Chief Executive Officer & Executive Director
Andrew Mark Parsons Group Chief Financial Officer & Executive Director
John Peter Hastings-Bass Group Non-Executive Chairman
Giles Offen Group Chief Digital Information Officer
Paul Fulcher Group Executive-Capital Management & Investment
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