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Genel Energy - Company Profile
Genel Energy plc is an Anglo-Turkish exploration and production company with world-class oil and gas assets. We own a portfolio of high-quality assets with robust growth options over the short, medium and long-term. An excellent capital base and a high-calibre board and management team underpin these assets. With these strengths, Genel Energy is building a leading E&P business, founded on a set of assets in the Kurdistan Region, that places us in the top tier of independent E&Ps.
We are steadily growing our business through the appraisal and development of our assets in the Kurdistan Region, and through value-accretive acquisitions, building a high impact exploration portfolio within the Middle East and Africa, while expanding our Kurdistan footprint.
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1 May 2014
Genel Energy plc
Pricing of $500 million senior unsecured bonds
Genel Energy plc (‘Genel’ or ‘the Company’) is pleased to announce that it has priced an issue of $500 million senior unsecured bonds (‘the Bonds’) due 2019 at 7.50%. The size of the offering has been increased from the $400 million indicated at launch on 25 April 2014 to $500 million.
The offering is expected to complete on or around 14 May 2014, subject to customary conditions precedent. The Bonds, net proceeds of which shall be employed towards a combination of field development costs as well as general corporate purposes, will be senior obligations of Genel.
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For further information, please contact:
Genel Energy
Julian Metherell, Chief Financial Officer
Phil Corbett, Head of Investor Relations
Andrew Benbow, Head of Public Relations
+44 20 7659 5100
Vigo Communications
Patrick d’Ancona
+44 20 7016 9573
Notes to editors:
Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer in the Kurdistan Region of Iraq and, through value-accretive acquisitions, is building a high impact exploration portfolio within the Middle East and Africa. For further information, please refer to [You must be registered and logged in to see this link.]
Disclaimer
This announcement contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil & gas exploration and production business. Whilst the Company believes the expectations reflected herein to be reasonable in light of the information available to them at this time, the actual outcome may be materially different owing to factors beyond the Company’s control or within the Company’s control where, for example, the Company decides on a change of plan or strategy. Accordingly no reliance may be placed on the figures contained in such forward looking statements.
This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.
This communication and the information contained herein is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States unless they are registered or are exempt from registration. Any public offering of securities to be made in the United States would be made by means of a prospectus that would contain detailed information about the company and its management, as well as financial statements. The company does not intend to register any portion of this offering in the United States or to conduct a public offering in the United States or any other jurisdiction. Copies of this communication are not being, and should not be, distributed in or sent into the United States.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience, knowledge and expertise in matters relating to investments and are “investment professionals” for the purposes of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) certified high net worth individuals and certified and self-certified sophisticated investors as described in Articles 48, 50, and 50A respectively of the Order or (iv) persons to whom this communication may otherwise be lawfully communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This communication is distributed in any member state of the European Economic Area which applies Directive 2003/71/EC (this Directive together with any implementing measures in any member state, the Prospectus Directive) only to those persons who are qualified investors for the purposes of the Prospectus Directive in such member state, and such other persons as this document may be addressed on legal grounds, and no person that is not a relevant person or qualified investor may act or rely on this document or any of its contents.
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