REG - Guardian Royal Ex. - Doc re. Early Bond Redemption

Axa SAAnnouncement

28/05/2019 11:30

RNS Number : 3309A
Guardian Royal Exchange PLC
28 May 2019
 


GUARDIAN ROYAL EXCHANGE PLC
(the "Issuer")
Early redemption of
£150,000,000 6 5/8 per cent. Guaranteed Bonds due 2023 guaranteed by Guardian Royal Exchange Assurance plc (the "Bonds")
 
The Issuer has given notice to the holders of the Bonds that it will redeem all outstanding Bonds early in accordance with the Conditions of the Original Bonds set out in the Second Schedule of the Trust Deed.
 
A copy of the notice of redemption that was published in the Financial Times on 27 May 2019 is set out below:
 
NOTICE OF EARLY REDEMPTION
to the holders of the
GUARDIAN ROYAL EXCHANGE PLC
£150,000,000 6 5/8 per cent. Guaranteed Bonds due 2023 guaranteed by Guardian Royal Exchange Assurance plc (the "Bonds")
ISIN: XS0089773484

Common Code: 008977348
 
NOTICE IS HEREBY GIVEN to the holders of the outstanding £150,000,000 6 5/8 per cent. Guaranteed Bonds due 2023 issued by Guardian Royal Exchange plc (the "Issuer") and guaranteed by Guardian Royal Exchange Assurance plc that, pursuant to Condition 6(b) of the Conditions of the Original Bonds set out in the Second Schedule of the Trust Deed (the "Conditions"), the Issuer will redeem all outstanding Bonds on 26 June 2019 (the "Redemption Date") at a price of 124.448 per cent. being the price calculated pursuant to Condition 6(b)(ii) of the Conditions together with interest accrued up to and including the Redemption Date.
Terms used in this Notice and not defined herein shall have the same meaning given to them in the Trust Deed.
Payment of the redemption monies will be made through Euroclear Bank SA/NV and Clearstream Banking, société anonyme, in accordance with their standard procedures.
 
 
For and on behalf of
Guardian Royal Exchange plc
Date: 27 May 2019
- ends -
This announcement is released by Guardian Royal Exchange plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the early redemption described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Andrew Smith, Head of UK Reporting.
 




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