GKN Holdings Limited (“GKN Holdings”)
Transfer of Securities to the PSM £350,000,000 6.75% bonds due 28 October 2019 (ISIN: XS0103214762)
(Issued by GKN in two tranches of £300,000,000 on 25 October 1999 and £50,000,000 on 27 February 2002, which were consolidated to form a single series)
Notice is given that on or about 24 September 2018, the outstanding bonds issued by GKN Holdings listed above (the “2019 Notes”) will be transferred from the Main Market of the London Stock Exchange plc to the Professional Securities Market of the London Stock Exchange (the "PSM").
The transfer of the 2019 Notes to the PSM forms part of the efforts of Melrose Industries PLC (“Melrose”) to rationalise its reporting obligations in light of the enlarged group following the GKN acquisition. In the future, Melrose will deliver annual and semi-annual consolidated statements that do not materially differ from the information it already provides for its other businesses, at the group level. Melrose remains committed to full and transparent disclosure in compliance with the requirements of the stock exchange. We are continuing to explore ways of further simplifying reporting obligations across the group.
Montfort Communications: +44 (0) 20 3514 0897
Nick Miles, Charlotte McMullen +44 (0) 7973 130 669 / +44 (0) 7921 881 800