REG - Annington Funding - Appointment of Replacement Trustees

Law DebentureAnnouncement

21/01/2026 08:45

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RNS Number : 7546P  Annington Funding PLC  21 January 2026

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD
TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM
THEIR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER FINANCIAL
ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS
AMENDED (IF THEY ARE IN THE UNITED KINGDOM) OR OTHER APPROPRIATELY AUTHORISED
INDEPENDENT FINANCIAL ADVISER.

 

21 January 2026

 

ANNINGTON FUNDING PLC

(THE "ISSUER")

announces the appointment of replacement trustees in respect of the

£600,000,000 3.184% Sterling Fixed Rate Bonds due 12 July 2029 (ISIN:
XS1645518652) (the "2029 Notes")

£400,000,000 2.308% Sterling Fixed Rate Bonds due 6 October 2032 (ISIN:
XS2393618389) (the "2032 Notes")

£625,000,000 3.685% Sterling Fixed Rate Bonds due 12 July 2034 (ISIN:
XS1645518736) (the "2034 Notes")

£760,000,000 3.935% Sterling Fixed Rate Bonds due 12 July 2047 (ISIN:
XS1645518819) (the "2047 Notes")

£400,000,000 2.924% Sterling Fixed Rate Bonds due 6 October 2051 (ISIN:
XS2393618462) (the "2051 Notes" and together with the 2029 Notes, the 2032
Notes, the 2034 Notes and the 2047 Notes, the "Notes")

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 Issuer's
£5,000,000,000 Euro Medium Term Note Programme

 

Capitalised terms used in this announcement and not otherwise defined shall
have the meanings given to them in the trust deed dated 28 June 2017 between
the Issuer, the Guarantors and BNY Mellon Corporate Trustee Services as
trustee ("BNY") as amended on 27 September 2021.

Following extraordinary resolutions passed at a meeting of the holders of the
Notes held on 18 August 2025 convened by BNY to, among other things, remove
BNY as trustee and to pre-approve GLAS Trustees Limited as replacement trustee
in respect of the Notes, the Issuer convened meetings of the holders of the
Notes to propose, among other things, extraordinary resolutions to approve its
preferred candidates as potential replacement trustees in respect of the Notes
(each an "Issuer Convened Meeting"). Pursuant to the Issuer Convened Meeting
of the holders of the 2034 Notes, an extraordinary resolution was passed to
approve the appointment of The Law Debenture Trust Corporation p.l.c. as
replacement trustee in respect of the 2034 Notes.

The Issuer hereby gives notice that it has yesterday appointed GLAS Trustees
Limited as Trustee in place of BNY in respect of the 2029 Notes, the 2032
Notes, the 2047 Notes and the 2051 Notes, and The Law Debenture Trust
Corporation p.l.c. as Trustee in place of BNY in respect of the 2034 Notes.

 

This notice, and any non-contractual obligations arising out of or in
connection with it, is governed by, and shall be construed in accordance with,
English law.

 

This Notice is given by:

ANNINGTON FUNDING PLC as Issuer

For further information, holders of the 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

Annington Funding plc

                      Hays Lane House

                      1 Hays Lane

                      London

                      SE1 2HB

LEI: 549300KK63W8VZIONZ83

 
 
 
 

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