Redemption notice

Ørsted A/S (Orsted) Redemption notice 14-Aug-2024 / 10:00 CET/CEST 14.8.2024 10:00:01 CEST | Ørsted A/S | Investor News

Notice to the holders of EUR 500,000,000 Callable Subordinated Capital Securities due 3017 (ISIN: XS1720192696) (the ’Securities‘) issued by Ørsted A/S (the ’Issuer‘) on 24 November 2017

Exercise of issuer’s call option and redemption of the Securities

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES), OR TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933), OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT OR THE TENDER OFFER MEMORANDUM (AS DEFINED BELOW).

Reference is made to the terms and conditions of the Securities (the ’Terms and Conditions’).

Capitalised terms used in this notice and not otherwise defined in this notice shall have the meanings assigned to them in the Terms and Conditions.

The Issuer hereby gives irrevocable notice to the Securityholders that it exercises its option to redeem all outstanding Securities in accordance with Condition 6(b) of the Terms and Conditions (Redemption at the option of the Issuer) (the ’Redemption‘). The redemption will occur on 24 September 2024 (the ’Redemption Date’). 

As set out in Condition 6(b) of the Terms and Conditions, the Securities will be redeemed at their principal amount (EUR 1,000 per Security) together with interest accrued to (but excluding) the Redemption Date (the ’Redemption Amount‘). There will be no Outstanding Payments.

The Redemption Amount will be paid to the Securityholders through Euroclear Bank SA/NV and Clearstream Banking S.A. (the ‘Clearing Systems’) for payment to the cash accounts of each person who is shown in the records of the Clearing Systems as a holder of the Securities at the end of business on 23 September 2024 being the business day immediately preceding the Redemption Date.