REG - Aviva PLC - Notice of Redemption

AvivaAnnouncement

19/05/2026 08:45

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RNS Number : 8998E  Aviva PLC  19 May 2026

 

 

 

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).

19 May 2026

NOTICE TO THE HOLDERS OF

Sterling-denominated 6.125 per cent. Fixed/Fixed Rate Reset Subordinated Notes
due 2036

(ISIN: XS0138717441, Common Code: 013871744)

of which £200,000,000 remains outstanding

(the Notes)

Issued by

Aviva plc

(incorporated in England and Wales with limited liability, registered number
02468686)

(the Issuer)

 

NOTICE IS HEREBY GIVEN to the holders of the Notes that, as a result of the
end of the Solvency II transitional measures set out in the Prudential
Regulation Authority's Rulebook, a Capital Disqualification Event occurred in
respect of the Notes on 1 January 2026, and the Issuer will exercise its
option to redeem all of the outstanding Notes pursuant to Condition 6(e)
(Optional Redemption due to Capital Disqualification Event) of the Terms and
Conditions of the Notes on 19 June 2026 (the Redemption Date). This notice is
irrevocable.

The Notes will be redeemed at their Special Redemption Price together with
interest accrued to, but excluding, the Redemption Date. There are no Arrears
of Interest. The Special Redemption Price of each Note will be the higher of:
(a) the principal amount of such Note, and (b) the price as determined in the
manner described in the Terms and Conditions of the Notes, by reference to the
Gross Redemption Yield at 11.00 a.m. on 16 June 2026 of the 6 per cent.
Treasury Stock due December 2028 (ISIN: GB0002404191) plus seventy-five basis
points.

The Issuer will apply to the Financial Conduct Authority (the FCA) for the
cancellation of the listing of the Notes on the official list of the FCA and
to the London Stock Exchange plc (the London Stock Exchange) for the
cancellation of the admission to trading of the Notes on the Main Market of
the London Stock Exchange on or shortly after the Redemption Date.

Capitalised terms not otherwise defined herein have the meanings given to them
in the Terms and Conditions of the Notes.

Given for and on behalf of the Issuer on 19 May 2026.

-ends-

Enquiries:

 

 Media:

 Andrew Reid                  +44 (0)7800 694 276
 Sarah Swailes                +44 (0)7800 694 859

 Investors and Analysts:

 Michael O'Hara               +44 (0)7387 234 388

This announcement is released by Aviva plc and contains information that
qualified or may have qualified as inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
United Kingdom domestic law by virtue of the EUWA (UK MAR), encompassing
information relating to the Notes described above. For the purposes of UK MAR
and the Implementing Technical Standards, this announcement is made by Susan
Adams, Group Company Secretary at Aviva plc.

Legal Entity Identifier (LEI) of Aviva plc: YF0Y5B0IB8SM0ZFG9G81

 

 

 

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