Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of Their Cash Tender Offer for up to US$1,500 Million Aggregate Principal Amount of Notes Issued by Subsidiaries of Hutchison Whampoa Limited Referred to Below
NEW YORK, May 22 /PRNewswire-Asia/ --
Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright 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 offer ("Tender Offer") for up to US$1,500 million aggregate principal amount (the "Maximum Tender Offer Amount") of notes set forth in the table below issued by Hutchison Whampoa Finance (CI) Limited, Hutchison Whampoa International (03/33) Limited and Hutchison Whampoa International (03/13) Limited, each an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of the Company, the following amounts of notes have been tendered as of 5:00 p.m., New York City time, May 21, 2009:
Acceptance Principal
Title of Priority Amount
Offeror Security Issuer Level Tendered
------- ------------------- ----------- --- --------
Acelist 7.50% Guaranteed Hutchison 1 US$
Limited Notes due 2027 Whampoa 171,143,000
(the "2027 Notes") Finance (CI)
(144A - CUSIP Limited
448414AE2;
Regulation S -
CUSIP G46715AC5)
Daystep 7.45% Guaranteed Hutchison 2 US$
Limited Notes due 2033 Whampoa 354,232,000
(the "2033 Notes") International
(144A - CUSIP (03/33) Limited
44841SAC3;
Regulation S -
CUSIP G4672CAC9)
Ideal 6.25% Guaranteed Hutchison 3 US$
Zone Notes due 2014 Whampoa 641,406,000
Limited (the "2014 Notes") International
(144A - CUSIP (03/33) Limited
44841SAB5;
Regulation S -
CUSIP G4672CAB1)
Plan 6.50% Guaranteed Hutchison 4 US$
Bright Notes due 2013 Whampoa 602,740,000
Limited (the "2013 Notes") International
(144A - CUSIP (03/13) Limited
44841RAA9;
Regulation S -
CUSIP G4672QAA2)
The full terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated May 7, 2009 (the "Offer to Purchase").
The expiration date of the Tender Offer is currently 12:00 midnight, New York City time, on June 8, 2009.
As the aggregate principal amount of the Notes tendered exceeds the US$1,500 million Maximum Tender Offer Amount, the 2013 Notes will, if accepted for purchase, be purchased on a pro rata basis as described in the Offer to Purchase. Any Notes tendered but not accepted for purchase will be promptly returned to the tendering parties following the expiration or termination of the applicable tender offer as more fully set out in the Offer to Purchase.
For additional information regarding the terms of the tender offers, please contact: Thomas O’Connor at Morgan Stanley in New York at (800) 624-1808 (toll free) or (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 (212) 269-5550 (for banks and brokers only) or (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 related Letter of Transmittal.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell the notes. The Tender Offer is 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 accompanying 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 Offer. Subject to applicable law, the Offerors may amend, extend or, subject to certain conditions, terminate the tender offer.
Neither this announcement nor the Offer to Purchase and accompanying 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 Offer will not be accepted from holders thereof in any jurisdiction where such invitation or tender is unlawful.
