Millennium bcp announces the launch of an accelerated placement
Transcription
Millennium bcp announces the launch of an accelerated placement
ANNOUNCEMENT 25 March 2015 Reuters>bcp.Is Exchange>MCP Bloomberg>bcp pl ISIN PTBCP0AM00007 Millennium bcp announces the launch of an accelerated placement of up to 15.41% of the existing share capital of Bank Millennium NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. This communication is an advertisement and not a prospectus and not an offer of securities for sale to U.S. persons or in any jurisdiction, including in or into the United States, Canada, Japan or Australia. Neither this communication nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Any offer to acquire shares pursuant to the proposed Placement will be made, and any investor should make his investment decision solely on the basis of publicly available information. 25 March 2015 Millennium bcp announces the launch of an accelerated placement of up to 15.41% of the existing share capital of Bank Millennium BCP to remain long-term majority shareholder in Bank Millennium Poland continues to represent core market for BCP where its strategy remains unchanged The placement further strengthens BCP’s capital position Banco Comercial Português S.A. (“BCP”), has launched an accelerated placement (the “Placement”) of up to 186,979,631 ordinary shares (the “Shares”) of Bank Millennium S.A. (the “Company” or “Bank Millennium”) 1/4 BANCO COMERCIAL PORTUGUÊS, S.A., a public company (sociedade aberta) having its registered office at Praça D. João I, 28, Oporto, registered at the Commercial Registry of Oporto, with the single commercial and tax identification number 501 525 882 and the share capital of EUR 3,706,690,253.08. INVESTOR RELATIONS Rui Coimbra Phone +351 211 131 084 [email protected] [email protected] [email protected] MEDIA CONTACT Erik T. Burns Phone +351 211 131 242 Mobile +351 917 265 020 [email protected] [email protected] ANNOUNCEMENT Reuters>bcp.Is Exchange>MCP Bloomberg>bcp pl ISIN PTBCP0AM00007 representing up to 15.41% of the Company’s existing share capital, subject to demand, price and market conditions. The Placement is addressed to certain eligible institutional investors only, with final terms to be determined through an accelerated bookbuilding process. European Bank for Reconstruction and Development (“EBRD”) has obtained necessary internal approvals to participate in the Placement and is considering an investment of up to PLN 270 million for the purchase of shares of Bank Millennium subject to acceptable terms and conditions, representing up to 3% of the Company’s total capital. The books for the Placement will open with immediate effect. Pricing and allocations are expected to be announced as soon as practicable following the closing of the books. The Placement will enable BCP to further strengthen its capital position while retaining a majority shareholding in the Company. As majority shareholder, BCP continues to be fully committed to Bank Millennium, which remains core to its franchise and strategy. In this context, BCP has agreed to a 180 day lockup period with respect to sales of additional shares of Bank Millennium. J.P. Morgan has been appointed by BCP to act as Sole Global Coordinator and together with Dom Maklerski PKO Banku Polskiego as Joint Bookrunners for the Placement. Millennium Dom Maklerski is acting as Joint Lead Manager. End of Announcement Banco Comercial Português Legal disclaimer This announcement is not an offer for sale of securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Banco Comercial Português does not intend to register any portion of the Placement in the United States, and does not intend to conduct a public offering of securities in the United States. This communication in the United States is intended only for QIBs and by accepting delivery of this communication in the United States you confirm that you are a QIB. The 2/4 ANNOUNCEMENT Reuters>bcp.Is Exchange>MCP Bloomberg>bcp pl ISIN PTBCP0AM00007 securities referred to herein may only be sold pursuant to Regulation S of the Securities Act and in the US, pursuant to an exemption from the Securities Act, strictly only to a limited number of QIBs (as defined in Rule 144A under the Securities Act) and in certain other countries only to authorised professional institutional investors. The securities are “restricted securities” as defined in Rule 144A under the Securities Act and any allocation will only be made on the basis the purchaser executes an investor representation letter. Distribution in Canada to Accredited Investors in Ontario and Quebec, might only be available to accounts which are also permitted clients. The material set forth herein is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful and, in particular, is not for release, publication or distribution in or into the United States, Australia, Canada or Japan. The publication of this information does not constitute the making available of information to promote the purchase or acquisition of securities or an inducement of their purchase or acquisition within the meaning of Article 53 section 1 of Polish Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, as amended (the “Act on Public Offering”), and does not constitute a promotional campaign within the meaning of Article 53 of the Act on Public Offering. This communication and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this communication or any subsequent offer should inform themselves about and observe any such restriction and must not under any circumstances forward this communication to any other person. Failure to comply with such restrictions may violate securities laws of any such jurisdiction. This communication is only addressed to and directed at persons in Member States of the European Economic Area who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive. In addition, in the United Kingdom, this communication is being distributed to, and is directed only at, qualified investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”), (ii) persons falling within any of the categories of persons described in Article 49 of the Financial Promotion Order and (iii) any other persons to whom it may otherwise lawfully be made (all such persons together being referred to as “relevant persons”). Any investment or investment activity to which these materials relate are available only to relevant persons in the United Kingdom and qualified investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Any investment decision to buy shares must be made solely on the basis of publicly available information. Such information is not the responsibility of J.P. Morgan, Dom Maklerski PKO Banku Polskiego and Millennium Dom Maklerski and has not been 3/4 ANNOUNCEMENT Reuters>bcp.Is Exchange>MCP Bloomberg>bcp pl ISIN PTBCP0AM00007 independently verified by J.P. Morgan, Dom Maklerski PKO Banku Polskiego, Millennium Dom Maklerski or Banco Comercial Português, S.A. J.P. Morgan, Dom Maklerski PKO Banku Polskiego and Millennium Dom Maklerski are acting for Banco Comercial Português, S.A. and no one else in connection with the offering and will not be responsible to anyone other than Banco Comercial Português, S.A. for providing advice or protections afforded to clients in relation to any transaction or any matters referred to this communication. Each of J.P. Morgan, Dom Maklerski PKO Banku Polskiego and Millennium Dom Maklerski may participate in the offering on a proprietary basis. 4/4