Source - RNS
RNS Number : 4749M
Barclays Bank PLC
13 October 2016
 

Pre-stabilisation announcement

13 October 2016

Not for distribution, directly or indirectly, in or into the United States (other than to "Qualified Institutional Buyers" within the meaning of Rule 144A of the U.S. Securities Act of 1933, as amended or any jurisdiction in which such distribution would be unlawful.

 

Access Bank Plc  

 

Stabilisation Notice

 

Barclays Bank PLC (contact: Barclays debt syndicate desk; telephone: +44 20 7773 9098) hereby gives notice, as the manager coordinating stabilisation, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

 

The securities:

Issuer:

Access Bank Plc

Guarantor (if any):

N/A

Aggregate nominal amount:

TBC

Description:

 144A / RegS, 5-year

Offer price:

TBC

Stabilisation:

Stabilisation Manager(s):

Barclays Bank PLC

CITI

J.P. Morgan

Stabilisation period expected to start on:

13/10/2016

Stabilisation period expected to end no later than:

13/11/2016

Existence, maximum size and conditions of use of over-allotment facility.

The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law.

 

In connection with the offer of the above securities, the Stabilisation 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 Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended 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 jurisdiction.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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