Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of Their Cash Tender Offers
By Prne, Gaea News NetworkWednesday, June 3, 2009
NEW YORK - Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of Their Cash Tender Offers for up to US$750 Million Aggregate Principal Amount of 5.45% Guaranteed Notes Due 2010 and up to US$750 Million Aggregate Principal Amount of 7.00% Guaranteed Notes Due 2011 Issued by the Subsidiaries of Hutchison Whampoa Limited Referred to Below
Acelist Limited and Daystep Limited (collectively, the “Offerors,” and individually, an “Offeror”), each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the “Company”), announce that, in connection with the previously announced tender offers (the “Tender Offers”) for the notes listed below, the following principal amounts of notes have been tendered as of 5:00 p.m., New York City time, on June 2, 2009:
Title of Maximum Tender Principal Amount Offeror Security Issuer Offer Amount Tendered ——- ——– —— ————– ————– Acelist 5.45% Hutchison US$750,000,000 US$155,157,000 Limited Guaranteed Whampoa Notes due International 2010 (144A (03/33) - CUSIP Limited 44841SAA7; Regulation S - CUSIP G4672CAA3) Daystep 7.00% Hutchison US$750,000,000 US$182,616,000 Limited Guaranteed Whampoa Notes due International 2011 (144A (01/11) - CUSIP Limited 44841HAC7; Regulation S - CUSIP G4671XAC4; Restricted Individual Note - CUSIP 44841HAE3)
The full terms and conditions of the Tender Offers are set forth in the Offer to Purchase dated May 15, 2009 (the “Offer to Purchase”).
The expiration date of the Tender Offers will be 12:00 midnight, New York City time, on June 16, 2009.
For additional information regarding the terms of the Tender Offers, please contact: Thomas O’Connor at Morgan Stanley in New York at +1-800-624-1808 (toll free) or +1-212-761-5384 (collect). In Hong Kong, questions may be directed to Meng Gao at +852-2848-5961.
Requests for documents and questions regarding the tender of notes may be directed to D.F. King & Co., Inc., at +1-212-269-5550 (for banks and brokers only) or +1-800-431-9645 (for all others and toll-free).
The Offerors’ obligations to accept any notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and the related Letter of Transmittal.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell the notes. The Tender Offers are made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this announcement is qualified by reference to the Offer to Purchase and the related Letter of Transmittal. If any holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax and financial advice, including as to any tax consequences, from its stockbroker, bank manager, counsel, accountant or other independent financial adviser. None of the Offerors, the Issuers, the Company, the Dealer Manager, the Depositary and Information Agent or any of their respective affiliates, makes any recommendation as to whether or not any holder should tender notes held by them pursuant to the Tender Offers. Subject to applicable law, the Offerors may amend, extend or, subject to certain conditions, terminate the Tender Offers.
Neither this announcement nor the Offer to Purchase and the related Letter of Transmittal constitutes an offer to purchase in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws and tenders of notes pursuant to the Tender Offers will not be accepted from holders thereof in any jurisdiction where such invitation or tender is unlawful.
CONTACT: Tom Long of D.F. King & Co., Inc., +1-212-269-5550
Source: Acelist Limited; Daystep Limited
Tom Long of D.F. King & Co., Inc., +1-212-269-5550, for Acelist Limited and Daystep Limited
Tags: Acelist Limited; Daystep Limited, New York, United Kingdom