REG - Just Group plc - Notice of Redemption for remaining 2031 T2 Notes

JustAnnouncement

19/09/2024 14:15

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RNS Number : 9227E  Just Group PLC  19 September 2024

Just Group plc

19 September 2024

Redemption of the outstanding £250,000,000 Fixed Rate Subordinated Tier 2
Notes (the "Notes") issued by Just Group plc ("Just Group")

(ISIN: XS2242666779)

On 17 September 2024, Just Group announced the successful completion of a
tender offer to all holders of the Notes (the "Noteholders"), pursuant to
which £232,719,000 in aggregate nominal amount of the Notes (the "Tendered
Notes") were validly tendered for purchase by Noteholders, representing
approximately 93.09 per cent. of the nominal amount of the Notes.

The Tendered Notes were repurchased and cancelled by the Just Group on 19
September 2024. As at the date hereof, £17,281,000 in aggregate nominal
amount of the Notes remain outstanding (the "Outstanding Notes").

Just Group has today given notice that, pursuant to Condition 7.8 (Clean-up
redemption at the option of the Issuer), on 21 October 2024, being a date
falling not less than 30 nor more than 60 days from today's date, it shall
redeem all Outstanding Notes at their principal amount, together with any
Arrears of Interest and any other accrued and unpaid interest to (but
excluding) 21 October 2024.

Words and expressions defined in the trust deed dated on 15 October 2020
between the Issuer and Deutsche Trustee Company Limited (as modified, amended,
supplemented and/or restated from time to time) shall, unless defined herein
or the context otherwise requires, have the same meaning in this announcement.

This announcement is given by

JUST GROUP PLC

For further information, please contact:

Alistair Smith, Investor Relations

Telephone: +44 (0) 1737 232 792
alistair.smith@wearejust.co.uk

Paul Kelly, Investor Relations

Telephone: +44 (0) 20 7444 8127
paul.kelly@wearejust.co.uk

A copy of this announcement will be available on the Group's website
www.justgroupplc.co.uk.

JUST GROUP PLC

GROUP COMMUNICATIONS

Enterprise House

Bancroft Road

Reigate

Surrey RH2 7RP

 

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