REG - British Telecom PLC - Notice of Issuer Call

BTAnnouncement

11/04/2025 10:30

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RNS Number : 6805E  British Telecommunications PLC  11 April 2025

11 April 2025

NOTICE OF ISSUER CALL

 

British Telecommunications public limited company

(LEI: 549300OWFMSO9NYV4H90)

€500,000,000 Capital Securities due 2080 (the "Securities")

(ISIN: XS2119468572)

 

NOTICE IS HEREBY GIVEN by British Telecommunications public limited company
(the "Issuer") that the Securities will be fully redeemed by the Issuer on 19
May 2025 (the "Redemption Date"), in accordance with Condition 7(b) (Issuer's
Call Option)) of the Terms and Conditions of the Securities. The Securities
will be redeemed on the Redemption Date at 100 per cent. of their principal
amount, being €1,000 per Calculation Amount of €1,000, together with
accrued and unpaid interest from, and including, 18 August 2024 to, but
excluding, the Redemption Date (the "Redemption Amount").

Payment of the Redemption Amount will be made on the Redemption Date through
Euroclear Bank SA/NV and Clearstream Banking S.A. Accordingly, any interest in
respect of the Securities shall cease to accrue on and after the Redemption
Date. The listing of the Securities on the Financial Conduct Authority's
Official List and the admission of the Securities to trading on the London
Stock Exchange's main market will be cancelled on, or around, the Redemption
Date.

Further information

The redemption of the Securities was pre-funded by the Issuer's issue of
€750,000,000 NC5.5 Capital Securities due October 2054 under its
€20,000,000,000 Euro Medium Term Note Programme on 3 April 2024.

 

Questions regarding this Notice of Issuer Call should be directed to the
Issuer at:

 

British Telecommunications public limited company

1 Braham Street

London E1 8EE

For the attention of: Andrew Binnie (Group Treasury Director)

This announcement is released by British Telecommunications public limited
company 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 domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of the UK
MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it
forms part of domestic law by virtue of the European Union (Withdrawal) Act
2018, this announcement is made by Andrew Binnie, Group Treasury Director of
British Telecommunications public limited company.

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