Ardagh Glass Finance plc - Irish Stock Exchange
Ardagh Glass Finance plc - Irish Stock Exchange
Ardagh Glass Finance plc - Irish Stock Exchange
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provided that no such offer of Senior Notes shall result in a requirement for the publication by the<br />
Issuer, any Guarantor or the initial purchasers of a prospectus pursuant to Article 3 of the Prospectus<br />
Directive.<br />
For the purposes of this provision, the expression an ‘‘offer to the public’’ in relation to any Senior<br />
Notes in any Relevant Member State means the communication in any form and by any means of<br />
sufficient information on the terms of the offer and any Senior Notes to be offered so as to enable an<br />
investor to decide to purchase any Senior Notes, as the same may be varied in that Relevant Member<br />
State by any measure implementing the Prospectus Directive in that Relevant Member State.<br />
Each initial purchaser represents and warrants that:<br />
(a) it has only communicated or caused to be communicated and will only communicate or cause<br />
to be communicated an invitation or inducement to engage in investment activity (within the<br />
meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of the<br />
Senior Notes in circumstances in which Section 21(1) of the FSMA does not apply to the<br />
Issuer or any Guarantor; and<br />
(b) it has complied and will comply with all applicable provisions of the FSMA with respect to<br />
anything done by it in relation to the Senior Notes in, from or otherwise involving the United<br />
Kingdom.<br />
Delivery of the Senior Notes will be made against payment therefor on or about January 20, 2010<br />
which will be the fifth business day following the date of pricing of the Senior Notes (such settlement<br />
being referred to as ‘‘T+5’’). Under Rule 15c6-1 under the U.S. Securities <strong>Exchange</strong> Act of 1934, as<br />
amended (the ‘‘<strong>Exchange</strong> Act’’), trades in the secondary market generally are required to settle in three<br />
business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers<br />
who wish to trade the Senior Notes on the day of pricing or the next succeeding business day will be<br />
required, by virtue of the fact that the Senior Notes will initially settle in T+5, to specify an alternate<br />
settlement cycle at the time of such trade to prevent failed settlement. Purchasers of the Senior Notes<br />
who wish to trade the Senior Notes on the day of pricing or the next succeeding business day should<br />
consult their own advisors.<br />
The Senior Notes will constitute a new class of securities with no established trading market.<br />
Application has been made for the Senior Notes to be listed on the Global <strong>Exchange</strong> Market of the<br />
<strong>Irish</strong> <strong>Stock</strong> <strong>Exchange</strong>. However, we cannot assure you that the prices at which the Senior Notes will sell<br />
in the market after this offering will not be lower than the initial offering price or that an active trading<br />
market for the Senior Notes will develop and continue after this offering. The initial purchasers have<br />
advised us that Citigroup Global Markets Limited currently intends to make a market in the Senior<br />
Notes. However, it is not obligated to do so, and it may discontinue any market making activities with<br />
respect to the Senior Notes at any time without notice. In addition, market making activity will be<br />
subject to the limits imposed by the <strong>Exchange</strong> Act, and may be limited. Accordingly, we cannot assure<br />
you that a liquid market will develop for the Senior Notes, that you will be able to sell your Notes at a<br />
particular time or that the prices that you receive when you sell will be favorable.<br />
In connection with this offering, the initial purchasers are not acting for anyone other than us and<br />
will not be responsible to anyone other than us for providing the protections afforded to their clients<br />
nor for providing advice in relation to this offering.<br />
Buyers of the Senior Notes sold by the initial purchasers may be required to pay stamp taxes and<br />
other charges in accordance with the laws and practice of the country of purchase in addition to the<br />
initial offering price set forth on the cover of this Offering Memorandum.<br />
In connection with this offering, Citigroup Global Markets Limited may purchase and sell Notes in<br />
the open market. These transactions may include over-allotment, syndicate covering transactions and<br />
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