Maybe another excuse to watch Formula 1 highlights - just to check that the team is still in business.
7th October 2021
AMR GP Finance PLC
PUBLICATION OF PROSPECTUS AND LAUNCH OF FIVE YEAR 7.00% STERLING RETAIL ELIGIBLE BOND GUARANTEED BY AMR GP LIMITED (RNS here)
AMR GP Finance PLC (the “Company”), a wholly owned subsidiary of AMR GP Limited (“AMR”), the company which operates and manages the Aston Martin Cognizant Formula One™ Team, announces the proposed issue of sterling-denominated 7.00% Fixed Rate Notes due 2026 (the “Bonds”), guaranteed by AMR, pursuant to a prospectus dated 7 October 2021 (the “Prospectus”). The Bonds are available to retail investors in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey and are being issued by the Company (among other things) to finance the development, construction, operation and maintenance of AMR’s wind tunnel and new factory, as more particularly described in the Prospectus.
The Bonds will bear interest at a fixed rate of 7.00% per annum, payable semi-annually in arrear, and will be redeemed (subject to and in accordance with the terms and conditions set out in the Prospectus) at their nominal value on the maturity date which is expected to fall on 8 November 2026.
The Bonds have a minimum initial subscription amount of £1,000 and are available in multiples of £100 thereafter.
The offer period is now open and is expected to close at 12 noon (London time) on 1 November 2021. The Company and AMR retain the right to close the offer early, in conjunction with the Lead Manager. The Bonds are expected to be issued on 8 November 2021.
The Bonds are expected to be listed on the Financial Conduct Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds (ORB) segment. Holders of Bonds should, in most normal circumstances, be able to sell their holdings during normal trading hours (subject to market conditions) on the open market through their stockbroker.
The Prospectus and information booklet is available for viewing at: https://www.astonmartinf1.com/investor-relations
A copy of the Prospectus for the Bonds has been submitted to the National Storage Mechanism and will shortly be available for inspection at: MailScanner has detected a possible fraud attempt from "gbr01.safelinks.protection.outlook.com" claiming to be https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Peel Hunt LLP is authorised and regulated by the FCA
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