49WI Banco De Sab.

 

TIDM49WI 
 
RNS Number : 3610P 
Banco de Sabadell, S.A. 
24 March 2009 
 

Series I/2006 EUR 500,000,000 Step-Up Fixed/Floating Rate Non-Cumulative 
Perpetual Preferred Securities (ISIN: XS0267456084; Common Code: 026745608) (the 
"Preferred Securities") of Banco de Sabadell, S.A. (the "Company") 
 
 
The Company has today given notice to the Holders of the Preferred Securities 
through Euroclear and Clearstream, Luxembourg of: 
 
 
(i)    a cash tender offer in respect of up to EUR250,000,000 of the outstanding 
amount of Preferred Securities; and 
 
 
(ii)    proposals (the "proposals") to amend the terms and conditions of the 
Preferred Securities to permit the repurchase and subsequent cancellation of 
Preferred Securities accepted by the Company for tender. 
 
 
Consent of the Bank of Spain to the partial cash tender offer was obtained on 18 
March 2009. 
 
 
A meeting of Holders of Preferred Securities is scheduled for 10:00 a.m. CET on 
Thursday, 23 April 2009 at the offices of Clifford Chance, S.L. Avenida Diagonal 
682, 08034 Barcelona, Spain to consider, and if thought fit, pass an 
extraordinary resolution in respect of the proposals. 
 
Information in respect of the partial cash tender offer and the proposals may be 
found in a tender offer and consent solicitation memorandum dated 24 March 2009 
which is available on request by eligible Holders of Preferred Securities from 
Lucid Issuer Services Limited at: 
 
 
Lucid Issuer Services Limited 
Leroy House 
436 Essex Road 
London N1 3QP 
United Kingdom 
 
 
Tel:         +44 20 7704 0880 
Attention:    Lee Pellicci / Sunjeeve D. Patel 
Email:Sabadell@lucid-is.com 
 
 
The Dealer Manager is HSBC Bank plc. 
 
 
The offer period in respect of the partial cash tender offer will commence today 
and will expire at 17.00 CET on 21 April 2009 unless it is extended at the 
Company's discretion. 
 
 
 
 
THE OFFER IS NOT BEING MADE IN, AND TENDERS WILL NOT BE ACCEPTED FROM, ANY 
JURISDICTION WHERE IT WOULD BE DEEMED TO BE ILLEGAL. 
 
 
IN PARTICULAR THE OFFER IS NOT BEING MADE TO ANY U.S. PERSON OR ITALIAN PERSON 
OR TO ANY PERSON OR ADDRESS IN THE UNITED STATES OR THE REPUBLIC OF ITALY. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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