PTA-Adhoc: América Móvil, S.A.B. de C.V.: América Móvil Accepts Offers to Sell in Respect of its Zero Coupon Exchangeable Bonds due 2020
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES.

4/17/2020, 9:45 PM (Source: pressetext)
Mexico City (pta031/17.04.2020/21:45) - 17 April 2020 - América Móvil, S.A.B. de C.V (the "Company") has today accepted the Offers to Sell (as defined below) pursuant to its Invitation (as defined below), as described further in the table below. On 9 April 2020, the Company made an invitation (subject to offer restrictions) to holders (the "Bondholders") of the Zero Coupon Exchangeable Bonds due 2020 issued by the Company in an original aggregate principal amount of EUR 3,000,000,000 and exchangeable into shares of Koninklijke KPN N.V. (the "Bonds") to submit offers to sell (each such offer, an "Offer to Sell") any and all of the outstanding Bonds to the Company for cash (the "Invitation") on the terms and subject to the conditions set out in the invitation for offers dated 9 April 2020 prepared by the Company (the "Invitation for Offers"). The Invitation expired at 17:00 CET on 17 April 2020.

Public disclosure of inside information according to article 17 MAR

Mexico City (pta031/17.04.2020/21:45) - 17 April 2020 - América Móvil, S.A.B. de C.V (the " Company") has today accepted the Offers to Sell (as defined below) pursuant to its Invitation (as defined below), as described further in the table below. On 9 April 2020, the Company made an invitation (subject to offer restrictions) to holders (the " Bondholders") of the Zero Coupon Exchangeable Bonds due 2020 issued by the Company in an original aggregate principal amount of EUR 3,000,000,000 and exchangeable into shares of Koninklijke KPN N.V. (the " Bonds") to submit offers to sell (each such offer, an " Offer to Sell") any and all of the outstanding Bonds to the Company for cash (the " Invitation") on the terms and subject to the conditions set out in the invitation for offers dated 9 April 2020 prepared by the Company (the " Invitation for Offers"). The Invitation expired at 17:00 CET on 17 April 2020.

Announcement of Results of the Invitation

The Company is pleased to announce its acceptance today of the Offers to Sell pursuant to the Invitation as follows:

Bonds Amount Tendered Amount Accepted for Purchase Purchase Price Total Consideration
EUR 3,000,000,000 Zero Coupon Exchangeable Bonds due 2020 EUR 1,318,200,000 EUR 1,318,200,000 99.95% (EUR 99,950 for each EUR 100,000 in principal amount) EUR 99,950 for each EUR 100,000 in principal amount

Settlement

The settlement date for the Invitation is expected to be 22 April 2020 (the " Settlement Date"). All Bonds accepted for purchase pursuant to the Invitation will settle through the normal procedures of the relevant clearing system. On the Settlement Date, the Company shall pay or procure that there is paid to each Bondholder whose Bonds have been accepted for purchase by the Company pursuant to the Invitation, an amount in cash equal to the Total Consideration.

Payment of the relevant Total Consideration, by or on behalf of the Company shall fully and finally discharge its obligations to the relevant Bondholders in respect of settlement of the Bonds accepted for purchase by the Company pursuant to the Invitation. Under no circumstances will any interest be payable by the Company to a Bondholder due to any delay in the transmission of funds from the relevant clearing system or any intermediary with respect to the Bonds of such Bondholder.

Immediately following the Settlement Date, EUR 1,607,300,000 in aggregate principal amount of the Bonds is expected to remain outstanding.

Barclays Bank PLC (the " Dealer Manager") was appointed to serve as the dealer manager for the Invitation. Lucid Issuer Services Limited (the " Tender and Information Agent") was appointed to serve as the tender and information agent for the Invitation.

For additional information regarding the terms of the Invitation, please contact the Dealer Manager via email: equitysynldn@barclays.com, or telephone: +44 (0)20 7773 9531. Requests for information regarding any Offer to Sell should be directed to the Tender and Information Agent via email: americamovil@lucid-is.com, or telephone: +44 20 7704 0880.

A copy of the Invitation for Offers is available at www.lucid-is.com/americamovil and may be obtained at no charge from the Tender and Information Agent.

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This press release does not constitute an offer to buy or a solicitation of an Offer to Sell any Bonds in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make the Invitation under applicable laws or regulations. The distribution of this document in certain jurisdictions may be restricted by law. Persons into whose possession this document comes are required by each of the Company, the Dealer Manager and the Tender and Information Agent to inform themselves about and to observe, any such restrictions.

This press release may contain certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from any plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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emitter: América Móvil, S.A.B. de C.V.
address: Lago Zurich 245, Edificio TELCEL, Piso 16, 11529 Mexico City
country: Mexico
contact person: Daniela Lecuona
phone: +52 (55) 2581 4449
e-mail: daniela.lecuona@americamovil.com
website: www.americamovil.com

ISIN(s): XS1238034695 (bond)
stock exchanges: open market (free market) in Frankfurt, free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin
other stock exchanges: SIX Swiss Exchange

[ source: http://www.pressetext.com/news/20200417031 ]