23 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). This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
ORCHARD FUNDING GROUP PLC
ORCHARD BOND FINANCE 6.25% BONDS DUE 2027
ISSUE SIZE ANNOUNCEMENT
This announcement constitutes the Issue Size Announcement as referred to in the Prospectus, published by Orchard Bond Finance PLC, a wholly-owned subsidiary of Orchard Funding Group PLC, on dated 9 February 2022 (the "Prospectus") and must be read in conjunction with the Prospectus. Defined terms used herein shall have the meanings attributed to them in the Prospectus.
The Offer Period relating to the Bonds closed at 12 noon (London time) on 23 February 2022.
The Issuer confirms the following in connection with the offer of the Bonds:
| Issue Date:
| 2 March 2022 |
| Total principal amount of the Bonds issued (including Retained Bonds):
| £7,770,000 |
| Total principal amount of Retained Bonds
| £5,000,000 |
|
|
|
| Estimated expenses relating to the offer:
| £178,000 |
| Estimated net proceeds of the offer:
| £2,592,000
|
-ENDS-
For further information, please contact:
Convexity Capital
Michael Smith, CFA
ms@convexity-capital.com
0207 058 0090 / 07557 265266
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 £100.
In the event that Orchard Bond Finance PLC or Orchard Funding Group PLC becomes insolvent or goes out of business, investors may lose some or all of their investment.
This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "UK Prospectus Regulation"). 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 Group Funding PLC (please see www.orchardgroupfundingplc.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, the Orchard Group 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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