REG - Annington Funding - Optional Redemption Amount for 2033 Notes

Bank Of New York MellonAnnouncement

08/01/2025 14:45

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RNS Number : 6212S  Annington Funding PLC  08 January 2025

ANNINGTON FUNDING PLC

(THE "ISSUER")

(Incorporated with limited liability in England and Wales)

£400,000,000 4.750 per cent. notes due 9 August 2033 (ISIN: XS2513869862)

in each case, issued by the Issuer and guaranteed by Annington Limited ("AL"),
Annington Property Limited ("APL") and Annington Homes Limited ("AHL" and
together with AL and APL, the "Guarantors" and each a "Guarantor") under the
Offeror's £5,000,000,000 Euro Medium Term Note Programme

(the "2033 Redemption Notes")

NOTICE OF OPTIONAL REDEMPTION AMOUNT

8 January 2025

The 2033 Redemption Notes are constituted by the trust deed dated 27 September
2021between the Issuer and the Guarantors and BNY Mellon Corporate Trustee
Services Limited as trustee (the "Trustee") (the "2021 Trust Deed"). Reference
is made to the terms and conditions of the 2033 Redemption Notes (the "2021
Conditions"), as set forth in the 2021 Trust Deed. Unless otherwise defined
herein, capitalised terms used in this notice shall have the meanings given to
them in the 2021 Conditions or the 2021 Trust Deed.

On 17 December 2024, the Issuer provided notice pursuant to Condition 8.3
(Redemption at the option of the Issuer (Issuer Call)) of the 2021 Conditions
to the holders of the 2033 Redemption Notes (the "Noteholders") that it is
exercising its option to redeem in full all of the outstanding 2033 Redemption
Notes on 14 January 2025 (the "Optional Redemption Date"), subject to the
satisfaction, or waiver by the Issuer in its sole and absolute discretion, of
the Financing Condition (as defined therein).

Notice is hereby given by the Issuer to the Noteholders that on 8 January 2025
Numis Securities Limited (as Independent Financial Adviser) has determined,
pursuant to Condition 8.3 (Redemption at the option of the Issuer (Issuer
Call)) of the 2021 Conditions, the Optional Redemption Amount in respect of
the 2033 Redemption Notes to be equal to 100.000 per cent. of the nominal
amount outstanding of the 2033 Redemption Notes.

If the Financing Condition is not satisfied by the Optional Redemption Date,
the Issuer may delay the Optional Redemption Date until such time as the
Financing Condition is satisfied or may withdraw the notice of redemption.

 

 

For further information, holders of the 2033 Redemption Notes should contact:

 

Annington Funding plc

Hays Lane House

1 Hays Lane

London

SE1 2HB

   Investor Relations:   Stephen Leung
                         Chief Financial Officer
                         +44 (0)20 7960 7500

   Media:                Annington@brunswickgroup.com (mailto:Annington@brunswickgroup.com)

                         Annington Funding plc

                         Hays Lane House

                         1 Hays Lane

                         London

                         SE1 2HB

 

 

Disclaimer

 

Numis Securities Limited (which is trading for these purposes as Deutsche
Numis) ("Deutsche Numis"), which is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively for the Issuer and no one else in
connection with the matters set out in this notice and will not regard any
other person as its client in relation to the matters in this notice and will
not be responsible to anyone other than the Issuer for providing the
protections afforded to clients of Deutsche Numis, nor for providing advice in
relation to any matter referred to in this notice. Neither Deutsche Numis nor
any of its affiliates (nor any of their respective directors, officers,
employees or agents), owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Deutsche Numis in
connection with this notice, any statement contained in this notice or
otherwise. No representation or warranty, express or implied, is made by
Deutsche Numis as to the contents of this notice.

 

 

 

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