NatWest Markets Plc – Stabilisation Notice
LONDON–(BUSINESS WIRE)–Regulatory News:
Not for distribution, directly or indirectly, in or into the United
States or any jurisdiction in which such distribution would be unlawful.
TenneT Holding B.V.
NatWest Markets NV, (contact: Philippe Bradshaw, TEL: 020 7085 5213)
hereby gives notice that the Stabilising Manager(s) named below may
stabilise the offer of the following securities in accordance with
Commission Delegated Regulation EU/2016/1052 under the Market Abuse
|Issuer:||TenneT Holding B.V.|
|Guarantor (if any):||n/a|
|Aggregate nominal amount:||EUR dual-tranche|
|Description:||11y Fixed Rate / 20y Fixed Rate|
|Other offer terms:||tbc|
|Stabilising Manager(s):|| NatWest Markets NV (co-ordinating stabilisation manager)|
ABN AMRO BANK N.V.
|Stabilisation period expected to start on:||20th May 2019|
|Stabilisation period expected to end no later than:|| For a maximum of 30 days after the proposed issue date of the|
| Existence, maximum size and conditions of use of over-allotment|
| The Stabilisation Manager(s) may over allot the securities in an|
amount not exceeding 5% of the aggregate nominal amount stated above.
In connection with the offer of the above securities, the Stabilising
Manager(s) may over-allot the securities or effect transactions with a
view to supporting the market price of the securities at a level higher
than that which might otherwise prevail. However, there is no assurance
that the Stabilising Manager(s) will take any stabilisation action and
any stabilisation action, if begun, may cease at any time. Any
stabilisation action or over-allotment shall be conducted in accordance
with all applicable laws and rules.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
This announcement is only directed at, and the offer of securities to
which it relates are only available to, persons outside the United
Kingdom and persons in the United Kingdom having professional experience
in matters related to investments or who are high net worth persons
within article 12(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 and must not be acted on or relied upon
by other persons in the United Kingdom.
In addition, if and to the extent that this announcement is communicated
in, or the offer of the securities is made in any EEA Member State that
has implemented Directive 2003/71/EC, as amended (together with any
applicable implementing measures in any Member State, the “Prospectus
Directive”) before the date of publication of a prospectus in relation
to the securities which has been approved by the competent authority in
that Member State in accordance with the Prospectus Directive (or, where
appropriate, has been approved by a competent authority in another
Member State and notified to the competent authority in that Member
State in accordance with the Prospectus Directive), this announcement
and the offer are only addressed to and directed at qualified investors
in that Member State within the meaning of the Prospectus Directive (or
who are other persons to whom the offer may lawfully be addressed) and
must not be acted on or relied on by other persons in that Member State.
This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under
the United States Securities Act of 1933 and may not be offered or sold
in the United States absent registration or an exemption from
registration. There will be no public offer of securities in the United
NatWest Markets Plc
Philippe Bradshaw, TEL: 020 7085 5213
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