Signet Jewelers Limited Announces Receipt of Over a Majority of Its Outstanding 4.700% Senior Notes Due 2024 in Early Results for Its Cash Tender Offer

Signet Jewelers Limited (NYSE:SIG) (“Signet”) today announced that Signet UK Finance plc, a wholly-owned subsidiary of Signet (the “Company”), has received valid tenders and consents from holders of over a majority of the aggregate principal amount of its outstanding 4.700% Senior Notes due 2024 (CUSIP No. 82671AAA1) (the “Notes”) in early results for its cash tender offer.

Signet previously announced a cash tender offer (the “Tender Offer”) to purchase any and all Notes and solicitation of consents (the “Consents”) from holders of the Notes to certain proposed amendments (the “Proposed Amendments”) to the indenture governing the Notes (the “Consent Solicitation”).

According to information received from D.F. King & Co., Inc., the Tender Agent and Information Agent for the Tender Offer, as of 5:00 p.m., New York City time, on September 18, 2019 (the “Early Tender Time”), the Company had received valid tenders and consents from holders of approximately $251,873,000 aggregate principal amount of Notes (62.97% of the outstanding Notes).

Accordingly, as the Company has received Consents in respect of a majority of the Notes, the Company will execute and deliver a supplemental indenture to the indenture governing the Notes giving effect to the Proposed Amendments. However, the Proposed Amendments will not become operative until the Notes tendered in the Tender Offer are repurchased, which will take place subject to the satisfaction or waiver of certain conditions that are set forth in the Offer to Purchase.

Because the Early Tender Time has expired, Holders whose Notes are validly tendered and not withdrawn after the Early Tender Time will receive the Tender Offer Consideration of $920.00 per $1,000 principal amount of Notes.

The full terms and conditions of the Tender Offer and Consent Solicitation are set forth in the Offer to Purchase and Consent Solicitation Statement, dated September 5, 2019. The Company may, at its own discretion, amend, extend, or subject to certain conditions, terminate the Tender Offer or Consent Solicitation. BofA Merrill Lynch and J.P. Morgan Securities LLC are acting as Dealer Managers for the Tender Offer and Solicitation Agents for the Consent Solicitation. Questions regarding the Tender Offer and Consent Solicitation may be directed to BofA Merrill Lynch at [phone] (U.S. toll-free) or [phone] (collect) and J.P. Morgan Securities LLC at [phone] (toll-free) or [phone] (collect). Requests for documents relating to the Tender Offer may be directed to D.F. King & Co., Inc., the Information Agent and Tender Agent, at [phone] (for banks and brokers) or [phone] (for all others) or [e-mail].