F-3ASR
As filed with the Securities and Exchange Commission on
August 8, 2006
Registration
No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form F-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
HANSON PLC
(Exact name of Registrant as specified in its charter)
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ENGLAND AND WALES
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NONE |
(State of Other Jurisdiction of
Incorporation or Organization) |
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(I.R.S. Employer
Identification Number) |
1 Grosvenor Place
London SW1X 7JH
+ 44 (0) 20 7245 1245
(Address and Telephone Number of Registrants Principal
Executive Offices)
HBMA HOLDINGS, INC.
8505 Freeport Parkway
Irving, Texas 75063
Attention: Michael Hyer
+1 469 417 1300
(Name, Address and Telephone Number of Agent for Service)
WITH COPIES TO:
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MICHAEL P. BRADY, ESQ.
WEIL, GOTSHAL & MANGES
One South Place
London EC2M 2WG
United Kingdom
+44 (0) 20 7903 1000 |
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WALTER A. LOONEY, JR.
SIMPSON THACHER & BARTLETT LLP
CityPoint, One Ropemaker Street
London EC2Y 9HU
United Kingdom
+44 (0) 20 7275 6500 |
Approximate date of commencement of proposed sale to the
public: From time to time after the effective date of this
Registration Statement.
If the only securities being registered on this Form are being
offered pursuant to dividend or interest reinvestment plans,
please check the following
box: o
If any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to
Rule 415 under the Securities Act of 1933, other than
securities offered only in connection with dividend or interest
reinvestment plans, check the following
box: þ
If this Form is filed to register additional securities for an
offering pursuant to Rule 462(b) under the Securities Act,
check the following box and list the Securities Act registration
statement number of the earlier effective registration statement
for the same
offering: o
If this Form is a post-effective amendment filed pursuant to
Rule 462(c) under the Securities Act, check the following
box and list the Securities Act registration statement number of
the earlier effective registration statement for the same
offering: o
If this Form is a registration statement pursuant to General
Instruction I.C. or a post-effective amendment thereto that
shall become effective upon filing with the SEC pursuant to
Rule 462(e) under the Securities Act, check the following
box: þ
If this Form is a post-effective amendment to a registration
statement filed pursuant to General Instruction I.C. filed to
register additional securities or additional classes of
securities pursuant to Rule 413(b) under the Securities
Act, check the following
box: o
CALCULATION OF REGISTRATION FEE
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Amount to be Registered |
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Proposed Maximum |
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Amount of |
Title of Each Class of |
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Aggregate |
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Registration |
Securities to be Registered |
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Price per Unit |
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Fee |
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Debt Securities
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Indeterminate |
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(1) |
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(1) |
An indeterminate aggregate initial offering price or number of
debt securities is being registered as may from time to time be
offered at indeterminate prices. Separate consideration may or
may not be received for securities that are issuable on
exercise, conversion or exchange of other securities or that are
issued in units or represented by depositary shares. In
accordance with Rules 456(b) and 457(r) of the Securities
Act of 1933, the Registrant is deferring payment of all of the
registration fee. |
PROSPECTUS
HANSON PLC
Debt Securities
We may from time to time offer and sell unsecured debt
securities in one or more separate series. We will describe in
one or more prospectus supplements, which must accompany this
prospectus, the type and amount of a series of debt securities
we are offering and selling, as well as the specific terms of
these securities. Such prospectus supplements may also add,
update or change information contained in this prospectus. You
should read this prospectus and the prospectus supplements
carefully, together with the information described under the
heading Where You Can Find More Information before
you invest in these securities.
We may offer debt securities in amounts, at prices and on terms
to be determined at the time of offering. We may sell these
securities directly to you, through agents we select, or through
underwriters and dealers we select. If we use agents,
underwriters or dealers to sell these securities, we will name
them and describe their compensation in the applicable
prospectus supplement.
The mailing address of our principal executive office is
1 Grosvenor Place, London, SW1X 7JH, England and our
telephone number is +44 (0) 20 7245 1245.
Investing in these securities involves risks. See
Risk Factors beginning on page 2 of this
prospectus and Risk Factors in our most recent
Annual Report on
Form 20-F, as well
as any risk factors contained in the applicable prospectus
supplement.
Neither the U.S. Securities and Exchange Commission nor
any state securities commission has approved or disapproved
these securities or passed upon the accuracy or adequacy of this
prospectus. Any representation to the contrary is a criminal
offense.
This prospectus may not be used to consummate sales of debt
securities unless accompanied by a prospectus supplement.
The date of this prospectus is August 8, 2006.
TABLE OF CONTENTS
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You should rely only on the information contained in this
prospectus, the accompanying prospectus supplement or any
document to which we have referred you. We have not authorized
anyone to provide you with different information. You should not
assume that the information in this prospectus or the
accompanying prospectus supplement is accurate as of any date
other than the date on the front of these documents. We are not
making an offer of these securities in any state or jurisdiction
where the offer is not permitted.
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ABOUT THIS PROSPECTUS
This document is called a prospectus and is part of a
registration statement that we have filed with the
U.S. Securities and Exchange Commission (the
SEC), using a shelf registration
process. This prospectus provides you with a general description
of the debt securities we may offer. Each time we offer debt
securities, we will provide a supplement to this prospectus. The
accompanying prospectus supplement will describe the specific
terms of that offering, and may also include a discussion of any
special considerations applicable to those securities. The
accompanying prospectus supplement may also add, update or
change the information contained in this prospectus. If there is
any inconsistency between the information in this prospectus and
the accompanying prospectus supplement, you should rely on the
information in the accompanying prospectus supplement. Please
read carefully this prospectus and the accompanying prospectus
supplement. In addition to the information contained in the
documents, we refer you to the information contained under the
headings Where You Can Find More Information and
Incorporation of Certain Documents by Reference. The
registration statement containing this prospectus, including the
exhibits to the registration statement, provides additional
information about us and the debt securities offered under this
prospectus. The registration statement, including the exhibits,
can be read on the SEC website or at the SECs offices,
each of which is listed under the heading Where You Can
Find More Information.
All references in this prospectus and the accompanying
prospectus supplement to Hanson, our
company, we, us or our
mean Hanson PLC, unless we state otherwise or as the context
requires. In addition, the term IFRS means
international financial reporting standards as adopted by the
European Union and the term U.K. GAAP means
generally accepted accounting principles in the United Kingdom.
Our consolidated financial statements are published in pounds
sterling. In this prospectus and the accompanying prospectus
supplement, U.S. dollars or $
refers to U.S. currency, pounds sterling,
sterling, or pence refers to U.K.
currency and euro or
refers to the single currency of the participating Member States
in the Third Stage of European and Monetary Union of the Treaty
Establishing the European Community, as amended from time to
time.
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RISK FACTORS
Risks related to the offering and owning the debt
securities
Since we conduct our operations through subsidiaries, your
right to receive payments on the debt securities is subordinated
to the other liabilities of our subsidiaries.
We carry on a significant portion of our operations through
subsidiaries. Our subsidiaries are not guarantors of the debt
securities we may offer. Moreover, these subsidiaries are not
required and may not be able to pay dividends to us. Claims of
the creditors of our subsidiaries have priority as to the assets
of such subsidiaries over the claims of our creditors.
Consequently, holders of our debt securities are in effect
structurally subordinated, on our insolvency, to the prior
claims of the creditors of our subsidiaries.
Our ability to make debt service payments depends on our
ability to transfer income and dividends from our
subsidiaries.
We are a holding company with no significant assets other than
direct and indirect interests in the many subsidiaries through
which we conduct operations. A number of our subsidiaries are
located in countries that may impose regulations restricting the
payment of dividends outside of the country through exchange
control regulations. To our knowledge, there are currently no
countries in which we operate that restrict payment of
dividends. However, there is no assurance that such risk may not
exist in the future.
Furthermore, the continued transfer to us of dividends and other
income from our subsidiaries may be limited by various credit or
other contractual arrangements and/or tax constraints, which
could make such payments difficult or costly. We do not believe
that any of these arrangements or constraints will have any
material impact on our ability to meet our financial
obligations. However, if in the future these restrictions are
increased and we are unable to ensure the continued transfer of
dividends and other income to us from these subsidiaries, our
ability to pay dividends and make debt payments will be impaired.
We are not restricted in our ability to dispose of our assets
by the terms of the debt securities.
The indenture governing our debt securities contains a negative
pledge that prohibits us and our significant subsidiaries from
pledging assets to secure other bonds or similar debt
instruments, unless we make a similar pledge to secure the debt
securities offered by this prospectus. However, we are generally
permitted to sell or otherwise dispose of substantially all of
our assets to another corporation or other entity under the
terms of the debt securities. If we decide to dispose of a large
amount of our assets, you will not be entitled to declare an
acceleration of the maturity of the debt securities, and those
assets will no longer be available to support our debt
securities.
WHERE YOU CAN FIND MORE INFORMATION
We are subject to the filing requirements of the Securities
Exchange Act of 1934, as amended (the Exchange Act).
In accordance with the Exchange Act, we file reports and other
information with the Securities Exchange Commission (the
SEC). Our SEC filings are available over the
internet at the SECs website at http://www.sec.gov. The
address of the SECs internet site is provided solely for
the information of prospective investors and is not intended to
be an active link incorporating any materials via such website,
except as described below. You may also read and copy any
document we file at the SECs public reference room at 100
F Street, N.E., Washington, D.C. 20549. Please call the SEC
at (800) SEC-0330 for further information on the public
reference room. You may request a copy of the filings referred
to above at no cost by writing or telephoning us at our
registered office at 1 Grosvenor Place, London SW1X 7JH,
United Kingdom, attn: Company Secretary;
+44 (0) 20 7245 1245.
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INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
This prospectus incorporates by reference certain of
the reports and other information that we have filed with the
SEC under the Exchange Act. This means that we are disclosing
important information to you by referring you to those
documents. The information incorporated by reference is
considered to be a part of this prospectus. Information filed
with the SEC after the date of this prospectus will update and
supersede this information. We incorporate by reference in this
prospectus the documents listed below:
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Our Annual Report on
Form 20-F for the
year ended December 31, 2005; |
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Our reports on
Form 6-K furnished
to the SEC on February 13, 2006 and July 20, 2006. |
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Our report on
Form 6-K/A
furnished to the SEC on August 8, 2006; |
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Any future reports on
Form 6-K that we
may file that indicate that they are incorporated by reference
into this Registration Statement; and |
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Any future Annual Reports on
Form 20-F that we
may file with the SEC under the Exchange Act prior to the
termination of any offering contemplated by this prospectus. |
Information in this prospectus may be modified by information
included in subsequent Exchange Act filings that we incorporate
by reference, the result of which is that only the information
as modified will be part of this prospectus. All other
information in the prospectus will be unaffected by the
replacement of this superseded information.
USE OF PROCEEDS
Except as otherwise described in the accompanying prospectus
supplement, we expect to use the net proceeds from the sale of
the debt securities we offer under this prospectus for general
corporate purposes.
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed
charges for the periods indicated, using financial information
compiled in accordance with IFRS for the fiscal years ended
December 31, 2005 and 2004 and the six months ended
June 30, 2006. As a first-time adopter of IFRS on
January 1, 2005 and in accordance with General
Instruction G to
Form 20-F, we are
providing the ratio of earnings to fixed charges for 2005 and
2004 in accordance with IFRS and for 2005, 2004, 2003, 2002, and
2001 in accordance with U.S. GAAP.
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Ended | |
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Year Ended December 31, | |
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Earnings to fixed charges IFRS
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3.9 |
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4.3 |
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4.4 |
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Earnings to fixed charges U.S. GAAP
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3.8 |
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0.4 |
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3.2 |
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3.7 |
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In the calculation of our ratio of earnings to fixed charges,
earnings represents income before taxation from
continuing operations plus fixed charges, adjusted to exclude
the amount of interest capitalized during the period, and
fixed charges represents interest expense, including
interest capitalized, plus that portion of operating lease
rental expense deemed to reflect the interest factor.
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DESCRIPTION OF DEBT SECURITIES
We may issue debt securities using this prospectus. The summary
below sets forth possible terms and provisions for each series
of debt securities. Each time that we offer debt securities, we
will prepare and file a prospectus supplement with the SEC,
which you should read carefully. The prospectus supplement may
contain additional terms and provisions of those securities. If
there is any inconsistency between the terms and conditions
presented here and those in the prospectus supplement, those in
the prospectus supplement will apply and will replace those
presented here.
The debt securities will be issued under a document called an
indenture. We will enter into an indenture with The Bank of New
York, who will act as trustee. The form of the indenture is
filed as an exhibit to this registration statement.
The indenture and its associated documents contain the full
legal text governing the matters described in this section. This
section summarizes certain material provisions of the indenture
and of the debt securities. The following description is a
summary only and is qualified in its entirety by reference to
all of the provisions of the indenture. We urge you to read the
indenture because it, and not this summary, defines your rights
as holders of the debt securities. Certain terms, unless
otherwise defined here, have the meaning given to them in the
indenture. Section references are to the indenture.
General
Under the indenture, we can issue an unlimited amount of debt
securities. In addition, the indenture provides that debt
securities may be issued in series up to the aggregate principal
amount that may be authorized from time to time by our board of
directors. From time to time we may, without the consent of the
holders of outstanding debt securities, including holders of the
debt securities, re-open any series of debt
securities and issue additional debt securities of that series
that will have substantially similar terms to the original debt
securities except for the issue date and issue price. Unless
otherwise indicated in the prospectus supplement relating to a
particular series, this summary describes provisions that are
common to all series.
The specific financial, legal and other terms particular to a
series of debt securities are described in the prospectus
supplement relating to the series. Those terms may vary from the
terms described here. Accordingly, this summary also is subject
to and qualified by reference to the description of the terms of
the series described in the prospectus supplement. The
prospectus supplement relating to a series of debt securities
will describe the following terms of the series:
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the title of the series of debt securities; |
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any limit on the aggregate principal amount of the series of
debt securities; |
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the date or dates on which we will pay the principal of the
series of debt securities; |
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the rate or rates, including floating rates, at which the series
of debt securities will bear interest, if any, and the date or
dates on which such interest will be payable and the record
dates for the interest payment dates; |
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the place or places where the principal, additional amounts, if
any, and any interest on the debt securities will be payable; |
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the price or prices at which, the period or periods within which
and the terms and conditions upon which a series of debt
securities may be redeemed, in whole or in part, at the option
of Hanson; |
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the obligation, if any, to redeem, purchase or repay the debt
securities pursuant to any sinking fund or analogous provisions
at the option of a holder and the detailed terms and provisions
of those redemption provisions; |
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the denominations in which the series of debt securities will be
issued, if other than denominations of $1,000 and integral
multiples of $1,000; |
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if other than the principal amount, the portion of the principal
amount of the series of debt securities that will be payable
upon declaration of the acceleration of the maturity thereof or
provable in bankruptcy; |
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any index used to determine the amount of payment of principal
or interest, if any, on the series of debt securities or the
method for determining and the calculation agent, if any, who
shall be appointed and authorized to calculate any amounts not
fixed on the original issue date; |
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if other than the trustee, any authenticating or paying agents,
transfer agents or registrars or any other agents with respect
to the series of debt securities; |
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the forms of debt securities of the series; |
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whether the debt securities of the series will be issued in
whole or in part in the form of one or more global securities
and, in that case, the depositary with respect to the global
security or securities and the circumstances under which any
global security may be registered for transfer or exchange, or
authenticated and delivered, in the name of a person other than
the depositary or its nominee, if other than as set forth in the
indenture; |
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whether any premium, upon redemption or otherwise, shall be
payable by the issuer on debt securities of the series; |
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whether the debt securities of the series are to be issued as
original issue discount securities and the amount of the
discount at which the original issue discount securities may be
issued; |
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any condition to which payment of any principal of (or premium,
if any) or interest on debt securities of the series will be
subject; |
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any addition to or change in the events of default that applies
to any debt securities of the series and any change in the right
of the trustee or the requisite holders of such debt securities
to declare the principal amount due and payable; and |
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any other special features of the series of debt securities. |
Unless otherwise stated in the prospectus supplement, the debt
securities will be issued only in fully registered form without
interest coupons.
The debt securities will be our senior unsecured obligations
ranking equally with our other senior unsecured indebtedness. We
are, however, a holding company and conduct our operations
through subsidiaries. The debt securities will be structurally
subordinated to all indebtedness of our subsidiaries.
The debt securities will be serially numbered and issued in
denominations of $1,000 and integral multiples of $1,000 for all
amounts in excess of $1,000. Payments of interest on the debt
securities will be computed on the basis of a
360-day year of twelve
30-day months. We may
redeem the debt securities before they mature, in whole or in
part, at any time at our option, at a redemption price described
under Optional Redemption. The debt securities may
also be redeemed by us before they mature in the event of
certain changes in the tax laws of the United Kingdom, as
described in more detail under Optional Redemption for
Taxation Reasons.
Principal, premium, if any, and interest will be payable, and
the debt securities will be transferable or exchangeable, at the
office of the trustee in the borough of Manhattan, The City and
State of New York, as paying agent for the debt securities, or
at the office of any other paying agent or agents as we may
appoint in the future. No service charge will be made for any
exchange or registration of transfer of the debt securities, but
we may require payment of an amount sufficient to cover any tax
or other governmental charge imposed as a result of any exchange
or registration of transfer of the debt securities.
New York law governs the indenture and the debt securities,
except for certain matters required to be governed by English
law. We have agreed that we will be subject to the jurisdiction
of any US federal or
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state court in the State and County of New York in respect of
any legal proceedings relating to the debt securities or the
indenture.
Payment of Additional Amounts
Any amounts to be paid by us with respect to the debt securities
will be paid without deduction or withholding for any and all
present and future taxes, levies, imposts or other governmental
charges whatsoever imposed, assessed, levied or collected by or
for the account of the United Kingdom or any political
subdivision or taxing authority of the United Kingdom.
If deduction or withholding of any of these taxes or other
governmental charges are at any time required by the United
Kingdom or any such subdivision or authority, we will pay any
additional amount in respect of principal, premium, if any,
interest and sinking fund payments, if any, required in order
that the net amounts paid to the holders of the debt securities
or the trustee under the indenture after the deduction or
withholding equals the amounts of principal, premium, if any,
interest and sinking fund payments, if any, to which the holders
or the trustee are entitled. Our obligation to pay additional
amounts is subject to compliance by the holders or beneficial
owners of the debt securities with any relevant administrative
requirements.
We will not have to pay additional amounts with respect to:
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any present or future taxes, levies, imposts or other
governmental charges which would not have been so imposed,
assessed, levied or collected but for the fact that the holder
or beneficial owner of such debt security is or has been a
domiciliary, national or resident of, or engaging or having been
engaged in business or maintaining or having maintained a
permanent establishment or being or having been physically
present in, the United Kingdom or such political subdivision or
otherwise having or having had some connection with the United
Kingdom or such political subdivision other than the holding or
ownership of a security, or the collection of principal,
premium, if any, and interest, if any, on, or the enforcement
of, a debt security; |
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(ii) |
any present or future taxes, levies, imposts or other
governmental charges which would not have been so imposed,
assessed, levied or collected but for the fact that, where
presentation is required, such debt security was presented more
than thirty days after the date such payment became due or was
provided for, whichever is later; |
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(iii) |
any present or future taxes, levies, imposts or other
governmental charges which are payable otherwise than by
deduction or withholding from payments on or in respect of such
debt security; |
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any present or future taxes, levies, imposts or other
governmental charges which would not have been so imposed,
assessed, levied or collected but for (A) the failure to
comply with any certification, identification or other reporting
requirements concerning the nationality, residence, identity or
connection with the United Kingdom or any political subdivision
or authority thereof by the holder or beneficial owner of such
debt security, or (B) the failure to make any declaration
or other similar claim or to satisfy any information or
reporting requirement that, in the case of (A) or (B), is
required or imposed by statute, treaty, regulation or
administrative practice of the United Kingdom or such political
subdivision or authority as a precondition to exemption from all
or parts of such taxes, levies, imposts or other governmental
charges; |
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(v) |
any deduction or withholding that is payable as a result of or
pursuant to any European Union Directive on the taxation of
savings implementing the conclusions of the ECOFIN Council
Meeting of 26-27 November 2000 or any law implementing or
complying with, or introduced in order to conform to, such
Directive; |
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(vi) |
any present or future taxes, levies, imposts or other
governmental charges that the holder would have been able to
avoid by presenting such security to another paying agent; |
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(vii) |
any present or future taxes, levies, imposts or other
governmental charges (A) that would not have been so
imposed, assessed, levied or collected if the beneficial owner
of such security had been the holder of such security or
(B) which, if the beneficial owner of such security held
the Security as the holder of such security, would have been
excluded pursuant to clauses (i) through
(vi) inclusive above; |
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(viii) |
any estate, inheritance, gift, sale, transfer, personal property
or similar tax, assessment or other governmental charge; or |
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(ix) |
any combination of the foregoing clauses (i) through (viii). |
Except in the case of a consolidation, merger or similar
transaction involving us in which the successor corporation is
incorporated elsewhere, the indenture does not provide for the
payment of additional amounts by us due to any deduction or
withholding requirement imposed by any taxing authority or
political subdivision other than those of the United Kingdom.
Optional Redemption for Taxation Reasons
The debt securities are redeemable at our option before their
maturity in the event of certain changes in the tax laws of the
United Kingdom after the date of the indenture as specified
below.
We may, at our option, redeem any series of debt securities
issued under the indenture in whole at any time (except in the
case of debt securities of a series having a variable rate of
interest, which may be redeemed only on an interest payment
date), if as the result of:
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any change in or any amendment to the laws, including any
applicable double taxation treaty or convention, of the United
Kingdom, or of any political subdivision or taxing authority of
the United Kingdom affecting taxation, or |
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any change in an application or interpretation of those laws,
including any applicable double taxation treaty or convention, |
and, we determine that:
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(i) |
we would be required to make additional payments in respect of
principal, premium, if any, interest, if any, or sinking fund
payments, if any, on the next succeeding date for the payment of
such amounts, |
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(ii) |
any tax would be imposed (whether by way of deduction,
withholding or otherwise) by the United Kingdom or by any
political subdivision or taxing authority of the United Kingdom,
upon or with respect to any principal, premium, if any,
interest, if any, or sinking fund payments, if any, received or
receivable by us from any of our subsidiaries incorporated in,
or resident for tax purposes under the laws of, the United
Kingdom, or |
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(iii) |
based upon an opinion of independent counsel addressed to us, as
a result of any action taken by any taxing authority of, or any
action brought in a court of competent jurisdiction in, the
United Kingdom or any political subdivision of the United
Kingdom, the circumstances described in clause (i) or
(ii) would exist, |
then, in these cases, the redemption price of those securities
will be equal to 100% of the principal amount of those
securities plus accrued interest to the date fixed for
redemption (except in the case of outstanding original issue
discount securities which may be redeemed at the redemption
price specified by the terms of each series of those securities).
Our option to redeem for taxation reasons applies only in the
case of changes, amendments, applications or interpretations
that occur on or after the original issuance date of the debt
securities. If we are succeeded by another entity, as described
under Consolidation, Merger and Sale of
Assets, the applicable jurisdiction will be the
jurisdiction in which the successor entity is organized, and the
applicable date will be the date the entity became a successor.
7
Limitation on Liens
The indenture provides that so long as debt securities of any
series remain outstanding, we will not, and will not permit any
of our significant subsidiaries to, incur, assume, guarantee or
allow to exist indebtedness for borrowed money, which we refer
to as Debt, secured by a mortgage, pledge, security
interest, lien, fixed or floating charge or other encumbrance,
which we refer to as a lien or liens,
upon any restricted assets (as described below) without
effectively providing that the Debt due under the indenture and
the debt securities (together with, at our option, any other
Debt of ours then existing or thereafter created ranking equally
with the debt securities) will be secured equally and rateably
with (or prior to) such Debt, so long as such Debt is so
secured. This limitation will not apply to Debt secured by:
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(1) |
liens on shares of stock or assets or indebtedness of any
corporation existing at the time that corporation becomes a
significant subsidiary of ours or of one of our significant
subsidiaries; |
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(2) |
liens on shares of stock or assets or indebtedness existing at
the time those shares or assets or indebtedness were acquired or
to secure the payment of all or any part of the purchase price
of those shares or assets or indebtedness or to secure any Debt
incurred before, at the time of, or within 12 months after,
in the case of shares of stock, the acquisition of those shares
and, in the case of assets, the later of the acquisition, the
completion of construction (including any improvements on an
existing asset) or the commencement of commercial operation of
those assets, as long as the Debt is incurred for the purpose of
financing all or any part of the purchase price of the shares or
assets; |
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(3) |
liens existing at the date of the indenture; |
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(4) |
liens for taxes, assessments or governmental charges or levies
not yet delinquent or being contested in good faith by
appropriate proceedings diligently conducted, if the reserve or
other appropriate provision, if any, which is required by IFRS,
has been made; |
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(5) |
liens arising by operation of law and not securing amounts more
than 90 days overdue or otherwise being contested in good
faith; |
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(6) |
any lien over any credit balance or cash held in any account
with a financial institution arising solely by operation of law
or granted in the ordinary course of business as security for
any loan or other financial accommodation, not exceeding the
amount of the credit balance or cash, made available by the
financial institution or its affiliates to us or any subsidiary
of ours in jurisdictions where, due to regulatory, tax, foreign
exchange control or other similar reasons, intercompany loans
are restricted or impracticable and the loan or financial
accommodation is obtained in lieu of intercompany loans; |
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(7) |
rights of financial institutions to offset credit balances in
connection with the operation of cash management programs
established for the benefit of us and/or any subsidiary of ours; |
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(8) |
any lien incurred or deposit made in the ordinary course of
business, including, but not limited to, (A) any
mechanics, materialmans, carriers,
workmans, vendors or other similar liens, or surety,
customs and appeal bonds and other similar obligations,
(B) any liens securing amounts in connection with
workers compensation, unemployment insurance and other
types of social security and (C) any easements,
rights-of-way,
restrictions and other similar charges; |
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(9) |
liens on shares of stock or assets or indebtedness of any
corporation existing at the time that corporation is acquired
by, merged with or into, or consolidated or amalgamated with, us
or a significant subsidiary of ours or at the time of a sale,
lease or other disposition of the assets of a corporation as an
entirety or substantially as an entirety to us or a significant
subsidiary of ours; |
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(10) |
any liens created by us or a subsidiary of ours over assets as
part of a project financing (including the shares of any special
purpose corporation) to secure Debt incurred to finance the
project, where the right of recovery is limited to the assets of
the project being financed; and |
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(11) |
any extension, renewal or replacement (or successive extensions,
renewals or replacements) in whole or in part, of any lien
permitted under the foregoing clauses (1) to (10),
inclusive, or of any Debt secured by such a lien, as long as
(a) the principal amount of Debt secured by such a lien may
not exceed the principal amount of Debt so secured (or capable
of being so secured under the written arrangements under which
the original lien arose) at the time of the extension, renewal,
or replacement, and (b) the extension, renewal or
replacement lien is limited to all or any part of the same
shares of stock or assets or indebtedness that secured the lien
extended, renewed or replaced (plus improvements on such
assets), or shares of stock issued or assets or indebtedness
received in substitution or exchange for the lien. |
We and/or a significant subsidiary of ours may incur, assume,
guarantee or allow to exist Debt secured by a lien or liens
which would otherwise be subject to the restrictions set forth
above in an aggregate amount which, together with (a) all
other such Debt incurred by us or our significant subsidiaries
and (b) attributable debt (as described below) of our
company or our significant subsidiaries in respect of sale and
lease-back transactions (as described in the first paragraph
under Limitation on Sale and Lease-Back
Transactions), existing at the time, does not at the time
exceed 10% of our consolidated net tangible assets (as described
below). This exclusion does not apply to attributable debt in
respect of:
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sale and lease-back transactions permitted because we would be
entitled to incur, assume, guarantee or allow to exist Debt
secured by a lien on the assets to be leased without equally and
rateably securing the Debt due under the indenture and the debt
securities issued under the indenture, and |
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sale and lease-back transactions, the proceeds of which have
been applied in accordance with clause (2) of the
limitation on sale and lease-back transactions discussed under
Limitation on Sale and Lease-Back
Transactions. |
For the purposes of this summary, restricted assets
means any of our assets or the assets of a direct or indirect
significant subsidiary of ours (including any shares of stock of
or indebtedness of any direct wholly-owned subsidiaries of ours
or of our significant subsidiaries).
Attributable debt means, as of any particular time,
the present value (discounted in the manner specified in the
indenture) compounded semi-annually of our obligation for rental
payments during the remaining term of the lease in respect of a
sale and lease-back transaction, including, in each case, any
period for which the lease has been extended. These rental
payments will not include amounts payable by or on behalf of the
lessee for maintenance and repairs, insurance, taxes,
assessments, water rates and similar charges.
Consolidated net tangible assets means the aggregate
amount of our consolidated total assets less (i) current
liabilities and (ii) all goodwill, trade names, trademarks,
patents and other like intangibles, in each case, as shown on
the audited consolidated balance sheet contained in the latest
annual report to our shareholders.
Limitation on Sale and Lease-Back Transactions
As long as debt securities of any series issued under the
indenture remain outstanding, we will not enter into, and will
not permit any of our significant subsidiaries to enter into,
any arrangement with any person providing for the leasing by us
or any of our significant subsidiaries, as the case may be, of
any restricted assets (except a lease for a temporary period not
to exceed three years and except for leases between us and any
of our subsidiaries) which we have sold or transferred or plan
to sell or transfer to that person. We refer to such a
transaction as a sale and lease-back transaction.
This restriction on our and our significant subsidiaries
ability to enter into a sale and lease-back transaction does not
apply if, after giving effect to a sale and lease-back
transaction, the aggregate amount of all attributable debt with
respect to all sale and lease-back transactions plus all of our
Debt and all Debt of any significant subsidiary of ours
incurred, assumed or guaranteed and secured by a lien or liens
(with the exception of Debt secured by a lien on restricted
assets or other assets that we or the significant
9
subsidiary would be entitled to incur, assume, guarantee or
allow to exist without equally and rateably securing the Debt
due under the indenture and the debt securities issued under the
indenture under the limitation on liens described above) does
not exceed 10% of our consolidated net tangible assets. In
addition, the restriction on sale and lease-back transactions
will not apply to any sale and lease-back transaction if:
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(1) |
we or a significant subsidiary of ours, as the case may be,
would be entitled to incur, assume, guarantee or allow to exist
Debt secured by a lien or liens on the assets to be leased
without equally and rateably securing the Debt due under the
indenture and the debt securities issued under the indenture
pursuant to the limitation on liens covenant described
above; or |
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(2) |
we or a significant subsidiary of ours, as the case may be,
within the 12 months preceding the sale or transfer or the
12 months following the sale or transfer, regardless of
whether the sale or transfer was made by us or the significant
subsidiary, applies, in the case of a sale or transfer for cash,
an amount equal to the net proceeds of the sale and, in the case
of a sale or transfer for consideration other than cash, an
amount equal to the fair value of the assets which were leased
at the time of entering into the arrangement (as determined by
our board of directors or the board of directors of the
significant subsidiary): |
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to the retirement (other than any retirement of Debt owed to us
or any of our significant subsidiaries or any retirement of Debt
subordinated to the debt securities issued under the indenture)
of indebtedness for money borrowed, incurred or assumed by us or
the significant subsidiary which by its terms matures on, or is
extendible or renewable at the option of the obligor to, a date
more than 12 months after the date of incurring, assuming
or guaranteeing the Debt; or |
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to investment in any restricted assets of our company or the
significant subsidiary. |
Consolidation, Merger and Sale of Assets
We may, without the consent of the holders of any of the
outstanding debt securities issued under the indenture,
consolidate or amalgamate with, or merge into, any other
corporation or sell, convey, transfer or lease our properties
and assets as an entirety or substantially as an entirety to any
corporation, which we refer to as a successor
corporation, if:
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immediately after giving effect to the transaction, no event of
default under the indenture has occurred and is continuing, |
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the successor corporation assumes our obligations on the debt
securities and under the indenture, and |
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the successor corporation agrees to make payments, including any
additional amounts, in respect of the debt securities in the
same manner as described under Payment of
Additional Amounts. |
The indenture does not restrict:
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the incurrence of unsecured indebtedness by us or our
subsidiaries, |
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a consolidation, merger, sale of assets or other similar
transaction that could adversely affect our creditworthiness or
that of the successor corporation or combined entity, |
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a change in control of Hanson, or |
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a highly leveraged transaction involving Hanson, whether or not
involving a change in control. |
10
Events of Default
An event of default with respect to any series of debt
securities issued under the indenture will occur if any of the
events listed in clauses (i) through (v) occurs:
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(i) |
there is a default in the payment of any installment of interest
or any additional amounts payable on any debt securities of that
series when it becomes due and payable and the default continues
for 30 days; |
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(ii) |
there is a default in the payment of any principal of any debt
securities of that series or of any sinking fund installment
relating to the debt securities of that series when these
payments become due and payable; |
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(iii) |
there is a default in the performance or breach of any of the
other covenants in respect of the debt securities of that series
which we have not remedied for a period of 60 days after we
receive written notice of the default or breach; |
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(iv) |
certain events of bankruptcy, insolvency, or reorganization of
us or any of our significant subsidiaries occurs; or |
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(v) |
there is a default by us or any of our significant subsidiaries
under any other indebtedness for money borrowed by, or the
payment of which is guaranteed by, us or any of our significant
subsidiaries (other than any indebtedness owed to us or any of
our significant subsidiaries), which is caused by a failure to
make a payment due under the indebtedness or guarantee prior to
the expiration of any applicable grace period for the
indebtedness or guarantee (and, in any event, not less than
15 days from the original due date for payment thereof) or
which results in the acceleration of the indebtedness before its
maturity, and the indebtedness under which the default has
occurred equals, in the aggregate, at least the greater of 1% of
our consolidated net worth (as described below) and $50,000,000
(or the foreign currency equivalent of that amount). |
In the case of clause (v) above, it will not be an event of
default if the acceleration relates to indebtedness of an entity
which becomes a direct or indirect significant subsidiary of
ours after we acquire it, so long as the indebtedness is
accelerated as a result of events or circumstances directly
related to the acquisition and is discharged in full within five
days following the acceleration. An event of default with
respect to a particular series of debt securities issued under
the indenture will not necessarily constitute an event of
default with respect to any other series of debt securities
issued under the indenture. The indenture provides that the
trustee may withhold notice to the holders of any series of debt
securities issued under the indenture of any default with
respect to those debt securities (except a default in the
payment of principal or interest or any additional amounts) if
the trustee determines it is in the interest of the holders of
those debt securities so to do.
If an event of default described in clause (i), (ii),
(iii) (as long as the event of default under
clause (iii) is with respect to less than all series of
debt securities then outstanding under the indenture) or
(v) above occurs and is continuing, the trustee may in its
discretion give notice to us that the debt securities of the
affected series are immediately due and payable at their
principal amount together with accrued interest thereon
(including any additional amounts). The trustee will be required
to give this notice to us if the trustee receives a written
request from the holders of at least 25% in aggregate principal
amount of the then outstanding debt securities of any series
issued under the indenture which is affected by the event of
default (with each affected series voting as a separate class).
If an event of default described in clause (iii) (as long
as the event of default is with respect to all series of debt
securities then outstanding under the indenture) or
(iv) above occurs and is continuing, the trustee may in its
discretion give notice to us that all the debt securities then
outstanding under the indenture are immediately due and payable
at their principal amount together with accrued interest
(including any additional amounts). The trustee will be required
to give us this notice if the trustee receives a written request
from the holders of at least 25% in aggregate principal amount
of all the debt securities then outstanding under the indenture
(with all series voting as one class).
11
At any time after a declaration of acceleration with respect to
the debt securities of any series outstanding under the
indenture has been made, but before a judgment or decree based
on the acceleration has been obtained, the holders of a majority
in principal amount of the then outstanding debt securities of
that series may, under certain circumstances, rescind and annul
the acceleration if all events of default (other than an event
of default caused by the non-payment of accelerated principal
and interest with respect to that series of debt securities)
have been cured or waived as provided in the indenture.
For purposes of this summary, consolidated net worth
means the amount shown as equity shareholders funds on our
consolidated balance sheet, determined in accordance with IFRS
as of the end of our most recent semi-annual or annual fiscal
period ending prior to the taking of any action for the purpose
of which the determination is being made.
The indenture contains a provision entitling the trustee,
subject to the duty of the trustee during the continuance of an
event of default to act with the required standard of care, to
be indemnified by the holders of debt securities under the
indenture before proceeding to exercise any right or power under
the indenture at the request of such holders. The indenture also
provides that the holders of a majority in aggregate principal
amount of the then outstanding debt securities of each series
affected (each series voting as a separate class) may direct the
time, method and place of conducting any proceeding for any
remedy available to the trustee, or exercising any trust or
power conferred on the trustee, with respect to the debt
securities of that series, subject to certain exceptions.
The indenture contains covenants that require us to file
annually with the trustee a certificate as to the absence of
certain defaults or specifying any default that exists.
Modification and Waiver
With the consent of the holders of not less than a majority in
aggregate principal amount of the debt securities of all series
then outstanding under the indenture affected by any
supplemental indenture (voting as one class), we and the trustee
may enter into supplemental indentures adding any provisions to
or changing, eliminating or waiving any of the provisions of the
indenture or modifying the rights of the holders of debt
securities of each affected series, except that no supplemental
indenture may, among other things,
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change the final maturity of any debt security issued under the
indenture, or reduce the principal amount of any debt security
issued under the indenture, or reduce the rate or change the
time of payment of any interest on the debt securities or reduce
any amount payable on any redemption of the debt securities,
without the consent of the holder of each debt security so
affected; or |
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reduce the percentage of debt securities of any series, the
holders of which are required to consent to any supplemental
indenture, without the consent or waiver, as the case may be, of
the holder of each debt security so affected. |
We and the trustee may also amend the indenture in certain
circumstances without the consent of the holders of debt
securities issued under the indenture to reflect that a
successor corporation has assumed our obligations under the
indenture or the replacement of the trustee with respect to the
debt securities of one or more series and for certain other
purposes.
Defeasance
The indenture provides that we do not need to comply with
certain restrictive covenants of the indenture (including those
described under Limitation on Liens and
Limitation on Sale and Lease-Back
Transactions) with respect to a series of debt securities
outstanding under the indenture, if we deposit, in trust, with
the trustee:
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(i) |
money; |
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(ii) |
obligations of the United States, which will provide money
through payments of interest and principal; or |
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(iii) |
a combination of (i) and (ii), |
sufficient to pay all the principal (including any mandatory
sinking fund payments) of and interest (including any additional
amounts) on the debt securities of the particular series of debt
securities on the dates such payments are due. These payment
dates may include one or more redemption dates designated by us.
In order for us to exercise this option, no default under the
indenture can have occurred and be continuing, and we must
otherwise comply with the terms of the debt securities of the
particular series with respect to which we have taken the
actions described in this paragraph.
The indenture also provides that we may, at our option, be
discharged from any and all obligations in respect of the debt
securities with respect to which we have taken the actions
described in the previous paragraph (except for certain
limited obligations) if, in addition to paying the amounts
described above, we deliver to the trustee either:
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an opinion of counsel to the effect that the holders of the debt
securities of such series will not recognize income, gain or
loss for US federal income tax purposes as a result of our
exercise of this option and will be subject to US federal income
tax on the same amounts and in the same manner and at the same
times as would have been the case if we had not exercised this
option; or |
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a ruling to that effect received from or published by the US
Internal Revenue Service. |
Notices
Notices in respect of the debt securities will be given to
holders of debt securities by mail at their registered addresses.
Concerning the Trustee
The Bank of New York, of 101 Barclay Street, Floor 8 West,
New York, New York 10286, is trustee under the indenture. We and
our affiliates conduct banking transactions with the trustee in
the ordinary course of business.
13
PLAN OF DISTRIBUTION
We may offer and sell securities in one or more transactions
from time to time to or through underwriters, who may act as
principals or agents, directly to other purchasers or through
agents to other purchasers or through any combination of these
methods.
A prospectus supplement relating to a particular offering of
securities may include the following information:
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the terms of the offering; |
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the names of any underwriters or agents; |
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the purchase price of the securities; |
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the net proceeds to us from the sale of the securities; |
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any delayed delivery arrangements; and |
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any underwriting discounts and other items constituting
underwriters compensation; any initial public offering
price; and any discounts or concessions allowed or reallowed or
paid to dealers. |
The distribution of the securities may be effected from time to
time in one or more transactions at a fixed price or prices,
which may be changed, at market prices prevailing at the time of
sale, at prices related to prevailing market prices or at
negotiated prices.
ENFORCEMENT OF CIVIL LIABILITIES
Hanson is a public limited company incorporated in England and
Wales. Many of our directors and officers, and some of our
experts named in this prospectus, reside outside the United
States, principally in the United Kingdom. In addition, although
we have substantial assets in the United States, a large portion
of our assets and the assets of our directors and officers are
located outside the United States. As a result, it may not be
possible for investors to effect service of process within the
United States upon us or those persons or to enforce against us
or those persons judgments of U.S. courts predicated upon
civil liabilities under the U.S. federal securities laws.
There is doubt as to the enforceability in England, in original
actions or in actions for enforcement of judgments of
U.S. courts, of civil liabilities predicated solely upon
such securities laws.
VALIDITY OF SECURITIES
The validity of the debt securities under New York law and
English law will be passed upon for us by Weil,
Gotshal & Manges LLP, and Mr. Graham Dransfield,
the Legal Director of Hanson, respectively. If this prospectus
is delivered in connection with an underwritten offering, the
validity of the debt securities may be passed upon for the
underwriters by U.S. and/or English counsel for the underwriters
specified in the related prospectus supplement. If no English
counsel is specified, such U.S. counsel to the underwriters
may rely on the opinions of Mr. Dransfield, as to certain
matters of English law.
EXPERTS
The consolidated financial statements of Hanson PLC appearing in
Hanson PLCs Annual Report on
Form 20-F for the
year ended December 31, 2005 and Hanson PLC
managements assessment of the effectiveness of internal
control over financial reporting as of December 31, 2005
included therein, have been audited by Ernst &
Young LLP, independent registered public accounting firm,
as set forth in their reports thereon included therein, and
incorporated herein by reference. Such financial statements and
managements assessment have been incorporated herein by
reference, in reliance upon such reports given on the authority
of such firm as experts in accounting and auditing.
14
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
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Item 8. |
Indemnification of Directors and Officers. |
The U.K. Companies (Audit, Investigations and Community
Enterprise) Act 2004 introduced changes to the U.K. Companies
Act 1985 (the Act) to allow an English company to
indemnify its directors against liability and to provide its
directors with funds to cover the costs incurred in defending
legal proceedings against him or her. Under the Act, an English
company is allowed to indemnify its directors against any
liability incurred by a director to any person (other than the
company or any associated company) in connection with any
negligence, default, breach of duty or breach of trust, by means
of a qualifying third party indemnity provision. A
qualifying third party indemnity provision may cover
the costs of a judgment against a director but cannot include
(i) costs incurred by a director to the company or any
associated company; (ii) fines imposed in criminal
proceedings and penalties imposed by regulatory authorities;
(iii) costs incurred in criminal proceedings where the
director is convicted or civil proceedings brought by the
company or an associated company where judgment is given against
him; or (iv) costs incurred in proceedings for relief where
the court refuses to grant relief.
Article 143 of Hansons Articles of Association
provides:
Subject to and to the fullest extent permitted by the Act,
but without prejudice to any indemnity to which he may be other
entitled:
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(A) |
every Director and alternate Director shall be entitled to be
indemnified out of the assets of the Company against all costs
and liabilities incurred by him in relation to any proceedings
(whether civil or criminal) which relate to anything done or
omitted or alleged to have been done or omitted by him as a
Director or alternate Director save that no Director or
alternate Director shall be entitled to be indemnified: |
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(i) |
for any liability incurred by him to the Company or any
associated company of the Company (as defined by the Act for
these purposes); |
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(ii) |
for any fine imposed in criminal proceedings which have become
final; |
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(iii) |
for any sum payable to a regulatory authority by way of a
penalty in respect of non-compliance with any requirement of a
regulatory nature howsoever arising; |
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(iv) |
for any costs for which he has become liable in defending any
criminal proceedings in which he is convicted and such
conviction has become final; |
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(v) |
for any costs for which he has become liable in defending any
civil proceedings brought by the Company or an associated
company in which a final judgement has been given against
him; and |
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(vi) |
for any costs for which he has become liable in connection any
application under sections 144(3) or (4) or 727 of the Act
in which the court refuses to grant him relief and such refusal
has become final. |
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(B) |
every Director and alternate Director shall be entitled to have
funds provided to him by the Company to meet expenditure
incurred or to be incurred in any proceedings (whether civil or
criminal) brought by any party which relate to anything done or
omitted by him as a Director or alternate Director, provided
that he will be obliged to repay such amounts no later than: |
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(i) |
in the event he is convicted in proceedings, the date when the
conviction becomes final; |
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(ii) |
in the event of judgement being given against him in
proceedings, the date when the judgement becomes final; or |
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(iii) |
in the event of the court refusing to grant him relief on any
application under sections 144(3) or (4) or 727 of the Act,
the date when the refusal becomes final. |
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1 |
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Form of Underwriting Agreement. |
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4 |
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Form of Indenture between Hanson PLC and The Bank of New York,
as Trustee. |
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4 |
.2 |
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Form of Debt Securities for Hanson PLC. |
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5 |
.1 |
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Opinion of Weil, Gotshal & Manges LLP with respect to the
validity of the securities registered hereby under New York law. |
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5 |
.2 |
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Opinion of Graham Dransfield with respect to the validity of the
securities registered hereby under English law. |
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12 |
.1 |
|
Statement of Computation of Ratio of Earnings to Fixed Charges. |
|
23 |
.1 |
|
Consent of Ernst & Young LLP. |
|
24 |
.1 |
|
Powers of Attorney. |
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24 |
.2 |
|
Power of Attorney. |
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23 |
.2 |
|
Consent of Weil, Gotshal & Manges LLP is contained in the
opinion of counsel filed as Exhibit 5.1. |
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23 |
.3 |
|
Consent of Graham Dransfield is contained in the opinion of
counsel filed as Exhibit 5.2. |
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25 |
.1 |
|
Statement of Eligibility under the Trust Indenture Act of 1939,
as amended, of The Bank of New York, as trustee under the
Indenture. |
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|
The undersigned registrant hereby undertakes: |
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(1) |
To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement: |
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(i) |
to include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933; |
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(ii) |
to reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most
recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the
information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in
volume of securities offered (if the total U.S. dollar
value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than a 20% change in the maximum
aggregate offering price set forth in the Calculation of
Registration Fee table in the effective registration
statement; and |
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(iii) |
to include any material information with respect to the plan of
distribution not previously disclosed in the registration
statement or any material change to such information in the
registration statement; |
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|
provided, however, that paragraphs (1)(i), (1)(ii)
and (1)(iii) do not apply if the information required to be
included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission
by the registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that
are incorporated by reference in the registration statement, or
is contained in a form of prospectus filed pursuant to
Rule 424(b) that is part of the registration statement. |
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(2) |
That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall
be deemed to be a new registration statement relating to the |
II-2
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securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide
offering thereof. |
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(3) |
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering. |
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(4) |
To file a post effective amendment to the registration statement
to include any financial statements required by Item 8.A.
of Form 20-F at
the start of any delayed offering or throughout a continuous
offering. Financial statements and information otherwise
required by Section 10(a)(3) of the Securities Act of 1933
need not be furnished, provided that the registrant
includes in the prospectus, by means of a post-effective
amendment, financial statements required pursuant to this
paragraph (4) and other information necessary to
ensure that all other information in the prospectus is at least
as current as the date of those financial statements.
Notwithstanding the foregoing, a post-effective amendment need
not be filed to include financial statements and information
required by Section 10(a)(3) of the Securities Act of 1933
or Rule 3-19 of
Regulation S-K if
such financial statements and information are contained in
periodic reports filed with or furnished to the Commission by
the registrant pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934 that are incorporated by
reference in the registration statement. |
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(5) |
That, for the purpose of determining liability under the
Securities Act of 1933 to any purchaser: |
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(A) |
each prospectus filed by a registrant pursuant to
Rule 424(b)(3) shall be deemed to be part of the
registration statement as of the date the filed prospectus was
deemed part of and included in the registration
statement; and |
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(B) |
each prospectus required to be filed pursuant to
Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration
statement in reliance on Rule 430B relating to an offering
made pursuant to Rule 415(a)(1)(i), (vii), or (x) for
the purpose of providing the information required by
Section 10(a) of the Securities Act of 1933 shall be deemed
to be part of and included in the registration statement as of
the earlier of the date such form of prospectus is first used
after effectiveness or the date of the first contract of sale of
securities in the offering described in the prospectus. As
provided in Rule 430B, for liability purposes of the issuer
and any person that is at that date an underwriter, such date
shall be deemed to be a new effective date of the registration
statement relating to the securities in the registration
statement to which the prospectus relates, and the offering of
such securities at that time shall be deemed to be the initial
bona fide offering thereof. Provided, however, that no
statement made in a registration statement or prospectus that is
part of the registration statement or made in a document
incorporated or deemed incorporated by reference into the
registration statement or prospectus that is part of the
registration statement will, as to a purchaser with a time of
contract of sale prior to such effective date, supersede or
modify any statement that was made in the registration statement
or prospectus that was part of the registration statement or
made in any such document immediately prior to such effective
date. |
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(6) |
That, for the purpose of determining liability of the registrant
under the Securities Act of 1933 to any purchaser in the initial
distribution of the securities: |
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The undersigned registrant undertakes that in a primary offering
of securities of the undersigned registrant pursuant to this
registration statement, regardless of the underwriting method
used to sell the securities to the purchaser, if the securities
are offered or sold to such purchaser by means of any of the
following communications, the undersigned registrant will be a
seller to the purchaser and will be considered to offer or sell
such securities to such purchaser: |
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(i) |
any preliminary prospectus or prospectus of an undersigned
registrant relating to the offering required to be filed
pursuant to Rule 424; |
II-3
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(ii) |
any free writing prospectus relating to the offering prepared by
or on behalf of an undersigned registrant or used or referred to
by the undersigned registrant; |
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(iii) |
the portion of any other free writing prospectus relating to the
offering containing material information about the undersigned
registrant or its securities provided by or on behalf of the
undersigned registrant; and |
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(iv) |
any other communication that is an offer in the offering made by
the undersigned registrant to the purchaser. |
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(7) |
That, for purposes of determining any liability under the
Securities Act of 1933, each filing of Hansons annual
report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plans annual report pursuant to
Section 15(d) of the Securities Exchange Act of 1934) that
is incorporated by reference in the registration statement shall
be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide
offering thereof. |
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(8) |
That, for purposes of determining any liability under the
Securities Act of 1933: |
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(i) |
the information omitted from the form of prospectus filed as
part of this registration statement in reliance upon
Rule 403A and contained in a form of prospectus filed by
the undersigned registrant pursuant to Rule 424(b)(1) or
(4) or 497(h) under the Securities Act shall be deemed to be
part of this registration statement as of the time it was
declared effective; and |
|
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(ii) |
each post-effective amendment that contains a form of prospectus
shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona
fide offering thereof. |
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(9) |
To file an application for the purpose of determining the
eligibility of the trustee to act under
subsection (a) of Section 310 of the Trust
Indenture Act in accordance with the rules and regulations
prescribed by the Commission under Section 305(b)(2) of the
Trust Indenture Act. |
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers
and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been
advised that in the opinion of the SEC such indemnification is
against public policy as expressed in the Securities Act of 1933
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment
by a registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in
connection with the securities being registered, that registrant
will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in
the Securities Act of 1933 and will be governed by the final
adjudication of such issue.
II-4
SIGNATURES OF HANSON PLC
Pursuant to the requirements of the Securities Act of 1933,
Hanson PLC certifies that it has reasonable grounds to believe
that it meets all the requirements for filing on
Form F-3 and has
duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in London,
England, on the 8th day of August 2006.
|
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|
G. DRANSFIELD |
|
Legal Director |
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed below by the following
persons in the capacities and on the dates indicated.
Principal Executive Officer:
|
|
|
A.J. MURRAY*
|
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Director and Chief Executive Officer |
Principal Financial and Accounting Officer:
|
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J.C. NICHOLLS*
|
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Director and Finance Director |
Directors:
|
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/s/ Graham Dransfield |
|
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G. DRANSFIELD |
|
A.J. MURRAY*
J.C. NICHOLLS*
C.J. BRADY*
W.S.H. LAIDLAW*
J.W. LENG*
W.F. BLOUNT*
THE BARONESS NOAKES D.B.E.*
Authorized Representative in the United States:
|
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* By |
/s/ Graham Dransfield |
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G. DRANSFIELD
|
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Attorney-in-Fact |
|
Dated: 8 August 2006
EXHIBIT INDEX
|
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|
Exhibit No. |
|
Description |
|
|
|
|
1 |
.1 |
|
Form of Underwriting Agreement. |
|
4 |
.1 |
|
Form of Indenture between Hanson PLC and The Bank of New York,
as Trustee. |
|
4 |
.2 |
|
Form of Debt Securities for Hanson PLC. |
|
5 |
.1 |
|
Opinion of Weil, Gotshal & Manges LLP with respect to the
validity of the securities registered hereby under New York law. |
|
5 |
.2 |
|
Opinion of Graham Dransfield with respect to the validity of the
securities registered hereby under English law. |
|
12 |
.1 |
|
Statement of Computation of Ratio of Earnings to Fixed Charges. |
|
23 |
.1 |
|
Consent of Ernst & Young LLP. |
|
24 |
.1 |
|
Powers of Attorney. |
|
24 |
.2 |
|
Power of Attorney. |
|
23 |
.2 |
|
Consent of Weil, Gotshal & Manges LLP is contained in the
opinion of counsel filed as Exhibit 5.1. |
|
23 |
.3 |
|
Consent of Graham Dransfield is contained in the opinion of
counsel filed as Exhibit 5.2. |
|
25 |
.1 |
|
Statement of Eligibility under the Trust Indenture Act of 1939,
as amended, of The Bank of New York, as trustee under the
Indenture. |