LONDON /PRNewswire/
--
NOT FOR
DISTRIBUTION OR RELEASE IN OR INTO THE
UNITED STATES OF AMERICA, AUSTRALIA,CANADA OR JAPAN,
OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE
PROHIBITED BY APPLICABLE LAW
On 21
April 2015 Sequa Petroleum N.V. (the "Issuer") launched
an offering of convertible bonds of up to U.S.$300
million maturing in April
2020 (the "Bonds"). The
settlement of the Bonds took place on 1
May 2015 and U.S.$95.6
million in aggregate principal amount of the Bonds
(such Bonds the "Retained Bonds")
were issued and held on behalf of the Issuer for the purposes of
prospective sales to third party purchasers
outside the
United States for an initially indicated maximum period
of six weeks following the settlement date.
Following the
announcement on 18th June
2015 of an agreement to acquire a large Asset Portfolio
on the Norwegian Shelf, the Issuer has received new indications of
interest from institutional investors to sell a significant
number of Retained Bonds. The Issuer has agreed to extend the
warehouse period for Retained Bonds held on its behalf for the
purposes of prospective sales to allow the potential investors to
participate. The Issuer intends to cancel any unsold Retained Bonds
at the end of the warehouse period, currently planned for the end
of July
2015.
The Issuer
further announces that it has received the
required Kazakhstan government
consents for its bond and share transactions as requested,
following which it has listed the Bonds on the Open Market
(Freiverkehr) of the Frankfurt Stock Exchange with the Bonds being
admitted to trading with effect from 30th June
2015.
Anoa Capital S.A.
is acting as Sole Global Coordinator, and, together with ADS
Securities LLC, Abu
Dhabi, as Joint Bookrunner.
This notice is
not an offer for sale or a solicitation of an offer to purchase
Bonds or any other security of Sequa Petroleum N.V.
About the Sequa Petroleum
group:
The Sequa
Petroleum group is an oil and gas group which focuses on taking
discovered oil and gas reserves and resources from appraisal
through to production. Sequa Petroleum N.V. is a public
limited liability company (naamloze
vennootschap) incorporated under the laws of The
Netherlands, having its corporate seat inAmsterdam,
The Netherlands and its registered office at 23 Savile
Row, London,
W1S 2ET, United
Kingdom.
This announcement
is not for publication or distribution, directly or indirectly, in
or into the
United States of America (including its territories and
possessions, any state of the
United States and the District
of Columbia). This announcement is not an offer of
securities for sale in the
United States. The securities referred to herein have not
been and will not be registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold
in the
United States, except pursuant to an applicable exemption
from registration. No public offering of securities is being made
in the
United States. This announcement is only distributed to and
aimed at (i) persons outside the United
Kingdom or (ii) professional investors as per Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005/1529 (the "Order"), or (iii)
high net worth companies and other high net worth persons as per
Articles 48 and 49 of the Order (these persons jointly being termed
"qualified persons"). All of the securities named herein are
available only to qualified persons and any invitation, offer or
agreement to subscribe to, buy or otherwise acquire them is made
only to qualified persons. Persons who are not qualified persons
should on no account act with regard to or in confidence in this
information or its contents.
This announcement
is for information purposes only and does not constitute an offer
to sell, or a solicitation or an offer to buy any securities. In
connection with this transaction there has not been, nor will there
be, any public offering of the Bonds. No prospectus will be
prepared in connection with the offering of the Bonds. The Bonds
may not be offered to the public in any jurisdiction in
circumstances which would require the Sequa Petroleum N.V. to
prepare or register any prospectus or offering document relating to
the Bonds in such jurisdiction. The distribution of announcement
and the offer and sale of the Bonds in certain jurisdictions may be
restricted by law.
Contacts:
Jacob
Broekhuijsen, CEO
Alistair
Williams, CFO
+44(0)203-728-4450
[email protected]