Hamburg Commercial Bank AG

  • WKN: HSH2H1
  • ISIN: DE000HSH2H15
  • Land: Deutschland

Nachricht vom 28.01.2020 | 11:40

Hamburg Commercial Bank AG: RESULTS OF RETAIL INVITATION

DGAP-News: Hamburg Commercial Bank AG / Key word(s): Miscellaneous
28.01.2020 / 11:40
The issuer is solely responsible for the content of this announcement.

NOT FOR DISTRIBUTION FROM, WITHIN, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

HAMBURG COMMERCIAL BANK AG

RESULTS OF RETAIL INVITATION

Date: 28 January 2020

Hamburg Commercial Bank AG (formerly HSH Nordbank AG) (the "Offeror" and the "Dealer Manager") today announces the results of its invitation to Eligible Holders (as defined in the Retail Tender Offer Memorandum) (the "Retail Invitation") of the outstanding EUR 500,000,000 LB Kiel Silent Participation Assimilated Regulatory Capital (SPARC) Securities issued by Banque de Luxembourg (on a fiduciary basis), ISIN XS0142391894 (the "SPARC Securities"), US$ 300,000,000 LB Kiel Re-Engineered Silent Participation Assimilated Regulatory Capital (RESPARC) Securities issued by RESPARCS Funding Limited Partnership I, ISIN XS0159207850 (the "RESPARC I Securities"), EUR 500,000,000 LB Kiel Re-Engineered Silent Participation Assimilated Regulatory Capital (RESPARC) Securities issued by RESPARCS Funding II Limited Partnership, ISIN DE0009842542 (the "RESPARC II Securities") and US$ 500,000,000 HSH Nordbank Silent Participation Hybrid Equity Regulatory (SPHERE) Securities issued by Banque de Luxembourg (on a fiduciary basis), ISIN XS0221141400 (the "SPHERE Securities" and together with the SPARC Securities, the RESPARC I Securities and the RESPARC II Securities the "Securities") to offer their Securities for purchase by the Offeror.

The Retail Invitation was made on the terms, and subject to the conditions, contained in the retail tender offer memorandum dated 19 December 2019 (the "Retail Tender Offer Memorandum").

The Retail Invitation expired at 5:00 p.m., Frankfurt am Main time, on 27 January 2020 (the "Expiration Deadline"). As of the Expiration Deadline, approximately EUR 294,180,889 aggregate nominal amount of the Securities (including those Securities validly tendered and accepted for purchase at the First Acceptance Date) were validly tendered pursuant to the Retail Invitation and not validly withdrawn (calculated using, in case of RESPARC I Securities and SPHERE Securities, a USD/EUR exchange rate of 1.1017), as shown in more detail in the table below.

The Offeror hereby announces that it will accept for purchase all of the Securities validly tendered pursuant to the Retail Invitation since the First Acceptance Date.

Security Identification number Total nominal amount validly tendered and accepted for purchase by the Offeror pursuant to the Retail Invitation
SPARC Securities Common Code: 14239189
ISIN: XS0142391894
EUR 88,264,000
RESPARC I Securities Common Code: 015920785
ISIN: XS0159207850
US$ 69,207,000
RESPARC II Securities Common Code: 016891819
ISIN: DE0009842542
EUR 68,610,000
SPHERE Securities Common Code: 022114140
ISIN: XS0221141400
US$ 82,064,000
 

The Settlement Date is expected to be 29 January 2020.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Retail Tender Offer Memorandum.

The Offeror acted as the Dealer Manager for the Retail Invitation and Lucid Issuer Services Limited acted as Tender Agent.

THE OFFEROR AND DEALER MANAGER
Hamburg Commercial Bank AG
Hamburg Office
Gerhart-Hauptmann-Platz 50
20095 Hamburg
Federal Republic of Germany
Telephone: +49 (0)40 3333 25205
+49 (0)40 3333 25405
Attention: Retail Tender Offer
E-mail: investor-relations@hcob-bank.com
 
 
 
 
THE TENDER AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Telephone: +44 (0)20 7704 0880
Facsimile: +44 (0)20 3004 1590
Attention: Arlind Bytyqi
E-mail: hcob@lucid-is.com
 

Important Notice

This announcement is for information purposes only and does not constitute, contain or form part of, and should not be construed as, an offer or an invitation to sell, or the solicitation of an offer to buy or subscribe for, any securities.

The distribution of this announcement may be restricted by law in certain jurisdictions. Any persons reading this release should inform themselves of and observe any such restrictions.

This announcement and the Retail Invitation has not been and is not being made, directly or indirectly, in or into the United States by use of the mails or by any means or instrumentality (including, without limitation, e-mail, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or of any facility of a national securities exchange of the United States. "United States" means the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia.

United States

The Retail Invitation is not being made, and will not be made, directly or indirectly in or into, or by use of the mail of, or by any means or instrumentality of interstate or foreign commerce of or of any facilities of a national securities exchange of, the United States. This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic communication. The Securities may not be tendered in the Retail Invitation by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States. Accordingly, copies of the Retail Tender Offer Memorandum and any other documents or materials relating to the Retail Invitation are not being, and must not be, directly or indirectly mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to any persons located or resident in the United States. Any purported tender of Securities pursuant to the Retail Invitation resulting directly or indirectly from a violation of these restrictions will be invalid and will not be accepted. For the purposes of this and the above paragraphs, "United States" means United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia

Italy

Neither the Retail Tender Offer Memorandum nor any other document or materials relating to the Retail Invitation have been or will be submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa ("CONSOB") pursuant to Italian laws and regulations.

Accordingly, the Retail Invitation or copies of any document related thereto or to the Securities cannot be distributed, mailed or otherwise forwarded, or sent, to the public in the Republic of Italy, whether by mail or by any means or other instrument (including, without limitation, telephonically or electronically) or any facility of a national securities exchange available in the Republic of Italy. Persons receiving the Retail Tender Offer Memorandum or any other document or materials relating to the Retail Invitation must not forward, distribute or send it in or into or from the Republic of Italy.

Legal or beneficial owners of the Securities cannot be notified that, to the extent such Eligible Holders are Italian residents or are located in the Republic of Italy, the Retail Invitation is available to them, and neither this document nor any other offering material relating to the Retail Invitation or the Securities may be distributed or made available to them in the Republic of Italy.

United Kingdom

The communication of the Retail Tender Offer Memorandum and any other documents or materials relating to the Retail Invitation is not being made and such documents and/or materials have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, the Retail Tender Offer Memorandum and such other documents and/or materials related to the Retail Invitation are not being distributed to, and must not be passed on to, the general public in the United Kingdom, but are only for distribution to and directed at: (i) in the United Kingdom, those persons who are existing members or creditors of the Offeror or other persons within Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order"); (ii) persons who are outside the United Kingdom; and (iii) any other person to whom it can otherwise be lawfully distributed (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which the Retail Tender Offer Memorandum and/or such other documents and/or materials relates is available only to and will be engaged in only with Relevant Persons, and any person who is not a Relevant Person should not rely or act on them. It is a condition of Eligible Holders receiving this document that they represent and warrant to the Offeror and its professional advisors and contractors that (i) they are a Relevant Person; and (ii) they have read and agree to comply with the contents of this notice.

Belgium

The Retail Tender Offer Memorandum and any other document or material relating to the Retail Invitation have not been submitted and will not be submitted for approval or recognition to the Belgian Financial Services and Markets Authority and the Retail Invitation may not be made in Belgium by way of a public takeover bid, as defined in Article 6 of the Belgian Law of 1 April, 2007 on public takeover bids. Accordingly, the Retail Invitation may not be advertised, and the Retail Tender Offer Memorandum and any other memorandum, information circular, brochure or similar documents may not be made available or distributed, directly or indirectly, to any person in Belgium.

France

The Retail Tender Offer Memorandum and any other document or material relating to the Retail Invitation have not been prepared in the context of a public offering (offre publique) in France within the meaning of Article L. 433-1 of the French Code Monétaire et Financier and have not been and will not be submitted for clearance to the Autorité des marchés financiers. In addition, the Retail Tender Offer Memorandum and any other document or material relating to the Retail Invitation are subject to French law governing the solicitation (démarchage). Consequently, the Retail Invitation is not made directly or indirectly to the public in France and the Retail Tender Offer Memorandum and any other document or material relating to the Retail Invitation have not been distributed or caused to be distributed and will not be distributed or caused to be distributed to the public in France.



28.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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