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REG - RSA Insurance Group - Notice of Redemption and Cancellation of Listing

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RNS Number : 6568A  RSA Insurance Group Limited  24 September 2025

 

Notice of Redemption and Cancellation of Listing to the Holders of

 

RSA Insurance Group Limited

£400,000,000 Fixed Rate Reset Guaranteed Subordinated Notes due 2045

having the benefit of a subordinated guarantee of Intact Insurance UK Limited

ISIN: XS1120081283 (principal amount currently outstanding: £119,801,000)
(the "Notes")

 

NOTICE IS HEREBY GIVEN by RSA Insurance Group Limited (the "Issuer") to the
holders of the Notes, that the Issuer will fully redeem all of the outstanding
Notes on 10 October 2025 (the "Redemption Date"), in accordance with Condition
8.5 (Redemption, Substitution, Variation and Purchase - Redemption at the
option of the Issuer) of the Conditions (as defined below), having satisfied
the applicable conditions to redemption but subject to Condition 3.4 (Status
of the Notes - Issuer Solvency Condition), Condition 8.2(a) (Redemption,
Substitution, Variation and Purchase - Issuer deferral of redemption date) and
Condition 8.9(c) (Redemption, Substitution, Variation and Purchase -
Preconditions to redemption, variation, substitution and purchases).

 

Pursuant to the Conditions, the outstanding Notes will be redeemed on the
Redemption Date at their principal amount together with any accrued and unpaid
interest from (and including) 10 October 2024 to (but excluding) the
Redemption Date (the "Redemption Amount"). There are no Arrears of Interest
outstanding in respect of the Notes.

 

Payment of the Redemption Amount will be made on 10 October 2025 through the
relevant clearing systems. Pursuant to Condition 8.12 (Redemption,
Substitution, Variation and Purchase - Cancellations), all Notes so redeemed
will be cancelled and the obligations of the Issuer and the Guarantor in
respect of the Notes shall be discharged. Accordingly, the listing of the
Notes on the Official List of the Financial Conduct Authority and the
admission of the Notes to trading on the Regulated Market of the London Stock
Exchange plc will be cancelled on or around 10 October 2025.

 

Terms used but not defined in this notice shall have the meanings given to
them in the terms and conditions of the Notes (the "Conditions") set out in
Schedule 2 to the trust deed relating to the Notes dated 10 October 2014, as
amended or supplemented from time to time, copies of which are available for
inspection at the specified offices of the Paying Agent.

 

Should any holder of the Notes have any queries in relation to this notice of
redemption please contact:

 

Intact Financial Corporation

 

Geoffrey Kwan, Deputy Senior Vice President, Finance and Chief Investor
Relations
Officer
 
 
+1 866 440 8300

 

RSA Insurance Group Limited

 

Jon Sellors, Head of External Affairs
                        jon.sellors@uk.rsagroup.com
(mailto:jon.sellors@uk.rsagroup.com)

 

 

RSA Insurance Group Limited

 

24 September 2025

 

This notice of redemption is issued and directed only to the holders of the
Notes and no other person shall, or is entitled to, rely or act on, or be able
to rely or act on, its contents, and it should not be relied upon by any
holder of Notes for any other purpose.

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