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IN BRIEF: Centrica completes tender offer for £415 million

ALN

Centrica PLC - Windsor, England-based owner of British Gas - Announces results of tender offer announced on May 10, to holders of its outstanding £450.0 million subordinated resettable fixed rate notes. Says that as of the expiration deadline on Friday, shareholders had validly tendered £414.7 million in aggregate principal amount of the notes. Centrica intends to cancel them and will therefore have repurchased and cancelled 92.15% of the notes, with £35.3 million remaining outstanding.

Current stock price: 147.60 pence, up 2.1% on Monday afternoon in London

12-month change: up 25%

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