REG - Peabody Trust. Peabody Capital PLC Peabody Capital No 2 TCHG Capital plc - Implementation of consent solicitation

M&GAnnouncement

24/04/2026 16:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260424:nRSX8934Ba&default-theme=true

RNS Number : 8934B  Peabody Trust.  24 April 2026

NOT FOR DISTRIBUTION (A) IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN,
THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE
U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN
MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA)
(THE UNITED STATES) OR TO ANY U.S. PERSON (AS DEFINED BELOW) OR (B) IN OR INTO
ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

24 April 2026

ANNOUNCEMENT OF IMPLEMENTATION OF CONSENT SOLICITATION, WRITTEN EXTRAORDINARY
RESOLUTION AND RE-LISTING

BY

PEABODY TRUST

(a registered society registered under the Co-operative and Community Benefit
Societies Act 2014 with registered number 7741)

(the Issuer)

relating to

£350,000,000 2.750 PER CENT. SECURED SUSTAINABILITY BONDS DUE 2034

presently outstanding

(XS2445848539) (the 2034 Bonds)

£200,000,000 5.25 PER CENT. SECURED BONDS DUE 2043

presently outstanding

(XS0606218021) (the 2043 Bonds)

£80,000,000 4.665 PER CENT. SECURED BONDS DUE 2045

(XS1080221598) (the 2045 Bonds)

presently outstanding

£400,000,000 3.125 PER CENT. SECURED BONDS DUE 2047

presently outstanding

(XS1706110555) (the 2047 Bonds)

£450,000,000 3.25 PER CENT. SECURED BONDS DUE 2048

presently outstanding

(XS1875300912) (the 2048 Bonds)

£350,000,000 4.625 PER CENT. SECURED BONDS DUE 2053

presently outstanding

(XS1004042575) (the 2053 Bonds and, together with the 2034 Bonds, the 2043
Bonds, the 2045 Bonds, the 2047 Bonds and the 2048 Bonds, the Bonds)

The Issuer has today entered into:

(a)        the Novation and Amendment Deeds and the Restatement and
Security Trust Consolidation Deed with Peabody Capital plc, Peabody Capital No
2 plc and TCHG Capital plc (the Old Issuers), as applicable, to give effect to
the Substitution, the Amendments, the Consolidation and (where applicable) the
Re-listing in respect of the 2034 Bonds, the 2043 Bonds, the 2045 Bonds, the
2048 Bonds and the 2053 Bonds, each as referred to in:

(i)         in the case of the 2034 Bonds, the 2043 Bonds, the 2048
Bonds and the 2053 Bonds, the Notice of Meeting (the Original Notice), the
consent solicitation memorandum dated 27 January 2026 (the Consent
Solicitation Memorandum) and the Notice of Results of Meeting (the Results
Notice), each given by Peabody Capital plc, Peabody Capital No 2 plc; and

(ii)         in the case of the 2045 Bonds, the written Extraordinary
Resolution of the sole holder of the 2045 Bonds dated 21 April 2026; and

(b)      a Supplemental Bond Trust Deed to give effect to the Re-listing in
respect of the 2047 Bonds pursuant to a consent request letter dated 12
January 2026 agreed with the Bond Trustee in respect of the 2047 Bonds.

Application will be made for the Substitution of Peabody Trust as issuer in
respect of the 2034 Bonds, the 2043 Bonds, the 2045 Bonds, the 2048 Bonds and
the 2053 Bonds to be reflected in the Official List of the Financial Conduct
Authority (the FCA) and the records of the London Stock Exchange.

The Issuer (with the consent of M&G Trustee Company Limited as Bond
Trustee) has also applied for the 2043 Bonds, the 2045 Bonds, the 2047 Bonds,
the 2048 Bonds and the 2053 Bonds to be removed from listing on the Official
List of the FCA and from admission to trading on the main market of the London
Stock Exchange and admitted to trading on the International Securities Market
of the London Stock Exchange (the ISM) with effect from 26 May 2026.

The Bonds are Specialist Securities for the purpose of the ISM Rulebook.

The ISM is a market designated for qualified investors (as prescribed in
Regulation 16 of the Public Offers and Admissions to Trading Regulations 2024
(SI 2024/105) (POATR)).  The London Stock Exchange, as a Recognised
Investment Exchange does not make assessments of investor eligibility. Given
that under Regulation 16 of POATR, only qualified investors are permitted to
trade on ISM and no qualified investor is permitted to trade on behalf of
persons who are not themselves qualified investors, financial intermediaries
acting for investors are responsible for ensuring that only investors who are
qualified investors as prescribed by Regulation 16 of POATR are permitted to
trade on ISM. Securities admitted to trading on International Securities
Market are not admitted to the Official List of the FCA.  The London Stock
Exchange has not approved or verified the contents of this announcement.

Terms used in this announcement and not otherwise defined herein have the
meanings given to them in the Original Notice, the Consent Solicitation
Memorandum and the Results Notice.

For further information, please contact:

Anthony Marriott

Director of Treasury & Corporate Finance

Email: anthony.marriott@peabody.org.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAKQBDQBKDKQB



            Copyright 2019 Regulatory News Service, all rights reserved