Just Group PLC REDEMPTION OF SUBORDINATED NOTES (9723D)

TIDMJUST

RNS Number : 9723D

Just Group PLC

25 February 2020

 
 
                     www.justgroupplc.co.uk 
 
 
  25 February 2020

REDEMPTION OF GBP100,000,000 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.

 
 Enquiries 
  Investors / Analysts                  Media 
  James Pearce, Director of Group       Stephen Lowe, Group Communications 
  Finance                               Director 
  Telephone: +44 7715 085 099           Telephone: +44 (0) 1737 827 
  james.pearce@wearejust.co.uk          301 
  Alistair Smith, Investor Relations    press.office@wearejust.co.uk 
  Manager                               Temple Bar Advisory 
  Telephone: +44 (0) 1737 232           Alex Child-Villiers 
  792                                   William Barker 
  alistair.smith@wearejust.co.uk        Telephone: +44 (0) 20 7002 1080 
  Paul Kelly, Investor Relations 
  Manager 
  Telephone: + 44 (0) 20 7444 
  8127 
  paul.kelly@wearejust.co.uk

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.

- ENDS -

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END

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February 25, 2020 02:00 ET (07:00 GMT)

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