Company Announcements

The headline for the William Hill PLC announcement released on 26 April 2019 at 17:19 under RNS No 3095X should read William Hill Launches £350M 4.75% Guaranteed Notes. The announcement text is unchanged and is reproduced in full below.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW 

William Hill PLC Launches £350,000,000 4.750% Guaranteed Notes due 2026

26 April 2019

William Hill PLC ("William Hill") (LSE: WMH), announces today the launch of guaranteed notes (the "Notes") to institutional investors. 

The Notes will be issued with a coupon of 4.750% and for an aggregate principal amount of £350,000,000. The proceeds of the Notes, which will mature in 2026, will be used for general corporate purposes, including the repurchase of any or all of William Hill's outstanding £375,000,000 of 4.25% guaranteed notes due 2020 as announced by William Hill on 23 April 2019 (the "Offer"). 

The issue of the Notes will help improve the William Hill group's (the "Group's") balance sheet by lengthening the maturity profile of its borrowings.

The Notes were priced today and are expected to be issued on or about 1 May 2019.   

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Notes. Any investment decision made in connection with the Notes MUST be based solely on the information contained in the final prospectus to be published in relation to the issue of the Notes (the "Prospectus"). The Prospectus is expected to be approved by the Financial Conduct Authority ("FCA") on or around 29 April 2019 and will be available to view via the Group's corporate website at www.williamhillplc.com, at the registered office of William Hill PLC (1 Bedford Avenue, London, United Kingdom, WC1B 3AU), via the National Storage Mechanism and via the Regulatory Information Service.   

Please note that the information contained in the Prospectus is addressed to and/or targeted at persons who are residents of particular countries only and is not intended for use and should not be relied upon by any person outside those countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein. No action has been taken that would, or is intended to, permit a public offer of the Notes in any country or jurisdiction where any such action for that purpose is required. 

THIS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO IN THIS DOCUMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE US SECURITIES ACT OF 1933 AS AMENDED (THE "SECURITIES ACT") OR UNDER THE SECURITIES LEGISLATION OF ANY STATE OF THE UNITED STATES, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OTHER THAN PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF THE NOTES IN THE UNITED STATES.   

Stabilisation in respect of the Notes may be conducted in accordance with FCA and International Capital Market Association Rules.

This announcement is released by William Hill PLC and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Balbir Kelly-Bisla, Company Secretary at William Hill PLC.

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Enquiries:

Balbir Kelly-Bisla

Company Secretary

William Hill PLC  

LEI: 213800MDW41W5UZQIX82

William Hill PLC is one of the world's leading betting and gaming companies, employing c15,500 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its £1.6 billion annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, the largest sports betting business in the US. Following the ruling in May 2018 by the US Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, William Hill US has expanded into new states as they regulate sports betting. It is now operating in seven states: Nevada, New Jersey, Delaware, Rhode Island, Mississippi, Pennsylvania and West Virginia. William Hill's Online business acquired Mr Green & Co AB in January 2019, growing its international operations. William Hill PLC is listed on the London Stock Exchange and is a member of both the FTSE 250 and FTSE4Good Indices.