5 (b) (v) of the terms and conditions of the Exchangeable
The first conclusion of this paper is that firms issue exchangeable
debt conditional on having made a decision to divest of an intercorporate holding.
class 1-A-7 'AAA'; Outlook Stable;
senior notes have not been registered under the Securities Act of 1933 and may not be offered or sold absent registration under such Act or an applicable exemption from the registration requirements.
class 3-A-3 'AAA'; Outlook Stable;
class 2-A-12 'AAA'; Outlook Stable;
Based on the offering price, the estimated net proceeds from the sale of the exchangeable
notes will be $300 million ($340 million if the underwriters' over-allotment options are exercised in full).
class 4-A-1 'AAA'; Outlook Stable;
Formal redemption notices will be published in the Luxemburger Wort and the Financial Times, in accordance with the terms of the exchangeable
redeemable preference shares and the international depository receipts representing the shares.
A-12 'AAA'; Outlook Stable;
class 1-A-8 'AAA'; Outlook Stable;
When complete, this exchange offer will satisfy the requirements of the registration rights agreement between the company and the holders of the Series A Exchangeable
classes 1-A-3 'AAA'; Outlook Stable;
0 million through the issue of senior exchangeable
promissory notes (the "exchangeable
classes 1-A-3 'AAA', Outlook Stable;