TIDMORCH
RNS Number : 7601B
Orchard Funding Group PLC
15 February 2022
This is an advertisement and not a prospectus.
The information contained herein may only be released, published
or distributed in the United Kingdom, the Isle of Man, Jersey and
the Bailiwick of Guernsey in accordance with applicable regulatory
requirements. The information contained herein is not for release,
publication or distribution in or into the United States,
Australia, Canada, Japan, South Africa, the Republic of Ireland or
in any other jurisdiction where it is unlawful to distribute this
document.
MiFID II and UK MiFIR retail investors, professional investors
and ECPs target market - Manufacturer target market (MIFID II and
UK MiFIR product governance) is eligible counterparties and
professional clients (all distribution channels) and also retail
clients (all distribution channels).
ORCHARD FUNDING GROUP PLC
APPOINTMENT OF CANACCORD GENUITY AS AUTHORISED DISTRIBUTOR AND
SETTLEMENT AGENT
ORCHARD BOND FINANCE PLC 6.25% BONDS DUE 2027
Orchard Bond Finance PLC, a wholly-owned subsidiary of
AIM-listed Orchard Group Funding PLC (AIM:ORCH) today announces it
has appointed Canaccord Genuity as an Authorised Distributor and
Settlement Agent (Billing & Delivery) on its 6.25% Bonds due
2027 (the "Bonds").
The offer is open until 12 noon on 23 February 2022 (the "End of
Offer Date"). The Issuer retains the right to close the offer
early, in conjunction with the Lead Manager.
The Bonds
The Bonds are available to wholesale and retail investors and
will pay fixed rate of interest at 6.25% per annum to maturity,
payable twice yearly on 2 December and 2 June, with the first
coupon payment being made on 2 December 2022. The Bonds will mature
on 2 June 2027. The Bonds will be freely transferrable and are
expected to be listed on the FCA's Official List and admitted to
trading on the London Stock Exchange's regulated market and through
the electronic Order Book for Fixed Income Securities.
A number of authorised offerors have been given consent by the
Issuer to provide the Prospectus and Information Booklet to
potential investors in the Bonds until the End of Offer Date. The
Bonds have a minimum initial subscription amount of GBP2,000 and
are available in multiples of GBP100 thereafter.
Authorised Offerors:
-- AJ Bell Youinvest
-- Arnold Stansby & Co.
-- Canaccord Genuity (Billing & Delivery)
-- Equiniti
-- Guy Butler
-- Hedley & Co.
-- Interactive Investor
-- iDealing.com
-- PrimaryBid
Convexity Capital is acting as Lead Manager (the "Lead Manager")
on the issue. All institutional investor enquiries should be
addressed to Convexity Capital on 0207 058 0090. All retail
enquiries should be directed to an Authorised Offeror.
For further information about the Issuer and the Orchard Group,
please go to www.orchardfundinggroupplc.com
__________
-ENDS-
In the first instance, please contact:
Michael Smith, CFA (Convexity Capital, Lead Manager)
ms@convexity-capital.com
0207 058 0090 / 07557 265266
Ravi Takhar, CEO of Orchard Funding Group PLC
01582 346291
Liberum Capital (Nominated Adviser and Broker)
Neil Patel / Lauren Kettle
020 3100 2222
Important Information
The Bonds may not be suitable for all investors. Investors
should ensure they fully understand the risks and seek independent
financial advice.
Investors should note that the market price of the Bonds can
rise and fall during the life of the investment and the price of
the Bonds could fall below the issue price of GBP100.
In the event that the Issuer or the parent of the Issuer becomes
insolvent or goes out of business, investors may lose some or all
of their investment.
A prospectus dated 9 February 2022 (the "Prospectus") relating
to the Bonds has been prepared and made available to the public in
accordance with the UK Prospectus Regulation.
The Prospectus is available on the website of Orchard Funding
Group PLC (please see www.orchardfundinggroup plc.com/bonds).
The Prospectus has been approved by the Financial Conduct
Authority (the "FCA"). The FCA only approves the Prospectus as
meeting the standards of completeness, comprehensibility and
consistency imposed by the Prospectus Regulation. Such approval
should not be considered as an endorsement of Orchard Bond Finance
plc or the quality of the Bonds that are the subject of the
Prospectus.
Potential investors should read the Prospectus before making an
investment decision in order to fully understand the potential
risks and rewards associated with the decision to invest in the
Bonds that are the subject of the Prospectus. Investors should not
subscribe for any bonds referred to in this announcement except on
the basis of information in the Prospectus.
This announcement is issued and approved by Orchard Bond Finance
plc (formerly CRM Associated Limited) which is authorised and
regulated by the FCA with firm reference number 733619.
The offering and the distribution of this announcement and other
information in connection with the offer in certain jurisdictions
may be restricted by law and persons into whose possession any
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to purchase
any Bonds. Any purchase of Bonds pursuant to the offer should only
be made on the basis of the information contained in the
Prospectus.
The Bonds have not been and will not be registered under the
United States Securities Act of 1933 (as amended, the "Securities
Act") and, subject to certain exceptions, may not be offered or
sold within the United States or to United States persons. The
Bonds are being offered and sold outside of the United States in
reliance on Regulation S of the Securities Act.
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END
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