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25 February 2020 |
www.justgroupplc.co.uk |
REDEMPTION OF £100,000,000 9.5 PER CENT. FIXED RATE SUBORDINATED NOTES DUE 2025 OF PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED (THE "NOTES")
(ISIN: XS1207688919; COMMON CODE: 120768891)
Just Group plc announces that Partnership Life Assurance Company Limited has today given notice to the holders of the Notes (such Notes being originally issued by Partnership Assurance Group plc and subsequently substituted as issuer by Partnership Life Assurance Company Limited) that it will redeem all of the Notes outstanding in full on 24 March 2020 in accordance with their terms and conditions. The Notes will be redeemed at their principal amount together with accrued interest.
Following redemption, the Notes will be cancelled and an application made to cancel their listing on the Official List of the Financial Conduct Authority and to cancel their admission to trading on the regulated market of the London Stock Exchange.
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Enquiries James Pearce, Director of Group Finance Alistair Smith, Investor Relations Manager Paul Kelly, Investor Relations Manager |
Stephen Lowe, Group Communications Director Temple Bar Advisory |
A copy of this announcement will be available at: www.justgroupplc.co.uk
JUST GROUP PLC
GROUP COMMUNICATIONS
Vale House, Roebuck Close
Bancroft Road, Reigate
Surrey
This announcement is released by Just Group plc and relates to the disclosure of information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the redemption described above. For the purposes of MAR and Article 2 of the Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Simon Watson, Group Company Secretary of Just Group plc.
This announcement must be read in conjunction with the terms and conditions of the Notes. Any materials relating to the redemption, including this announcement and the notice of redemption delivered to the holders of the Notes (the "Notice"), do not constitute and may not be used in connection with, any form of invitation, offer or solicitation in any place where such invitations, offers or solicitations are not permitted by law. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement in certain jurisdictions may be restricted by law, and persons into whose possession this announcement or the Notice comes are required to inform themselves about, and to observe, any such restrictions.
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