So now we can all est easy!!!
24 June 2022
1 NOTICE OF REDEMPTION OF
SUBORDINATED NOTES II
relating to
CROWN RESORTS LIMITED
ABN 39 125 709 953
Subordinated Notes issued on 23 April 2015 in accordance with the Prospectus dated 17 March 2015, and replaced on 25 March 2015, listed on the ASX under the code "CWNHB" (Notes)2 Dear Noteholder,
Crown Resorts Limited (Crown) hereby irrevocably gives notice that:
- a Change of Control Event (as defined in the terms of the Notes as set out in the Prospectus for the Crown Subordinated Notes II dated 25 March 2015 (Terms of Issue)) occurred on 24 June 2022; and
- Crown has elected to redeem all of the outstanding Notes on 28 July 2022 (the Early Redemption Date), in accordance with Condition 4.3(a) of the Terms of Issue.
On the Early Redemption Date, each Note will be redeemed for an amount equal to $102.75 per Note, being:
- $100, being 100% of the face value per Note; plus
- the Deferred Interest Payments in respect of each Note, being:
$0.68 per Note in respect of interest on the Face Value of the Note accrued but unpaid for the period from (and including) 14 June 2022 up to but not including the Early Redemption Date,
- $1.03 per Note in respect of the mandatorily deferred interest payment originally scheduled to be paid on 15 March 2022, together with interest thereon calculated in accordance with the terms of the Notes; plus
- $1.04 per Note in respect of the mandatorily deferred interest payment originally scheduled to be paid on 14 June 2022, together with interest thereon calculated in accordance with the terms of the Notes; plus
(the Redemption Amount).
Noteholders can sell Notes at any time up to, and including, 15 July 2022, being the last day of trading of the Notes on the ASX. The Register will be closed on and from 20 July 2022, and accordingly this will be the last date to be recorded on the Register for the purposes of receiving payment.
Payment of the Redemption Amount will be made subject to the Terms of Issue, applicable law and in accordance with your existing payment instructions. You may update your payment instructions online through Computershare’s Investor Centre site at www.investorcentre.com at any time until 5:00pm (AEST) on 20 July 2022.
Following such redemption, the Notes will be cancelled and there will be no Notes outstanding.
If you have any further enquiries, please visit https://www-au.computershare.com/Investor/Contact or alternatively call 1300 659 795 (within Australia) or +61 3 9415 4254 (outside Australia), Monday to Friday 8:30am to 7:00pm (AEST).
Unless otherwise defined in this notice, capitalised terms have the meaning given in the Terms of Issue.
On behalf of the Board, I would like to thank you for your investment in the Notes and your support of Crown.3 Yours sincerely
Alan McGregor
Company Secretary
