REG - Morgan Stanley & Co. Permanent TSB Group - Stabilisation Notice

Permanent TSB groupAnnouncement

18/04/2023 09:15

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RNS Number : 5775W  Morgan Stanley & Co. Int'l plc  18 April 2023

18 April 2023

Permanent TSB Group Holdings p.l.c.

Pre-stabilisation Period Announcement

Morgan Stanley & Co. International plc (contact: Morgan Stanley Debt
Syndicate - Matteo Benedetto; telephone: +44 20 7677 3409) hereby gives
notice, as Coordinating Stabilisation Manager, that the Stabilisation
Manager(s) named below may stabilise the offer of the following securities in
accordance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016
supplementing Regulation (EU) No 596/2014 and/or the UK FCA Stabilisation
Binding Technical Standards.

 Securities
 Issuer:                                                                    Permanent TSB Group Holdings p.l.c.
 Guarantor (if any):                                                        N/A
 Aggregate nominal amount:                                                  TBC

 Description:                                                               Euro 5NC4 Fixed Rate Senior Notes due 2028

 Offer price:                                                               TBC
 Stabilisation
 Stabilisation Manager(s):                                                  Morgan Stanley & Co. International plc

                                                                            BofA Securities Europe SA

                                                                            Goldman Sachs International

                                                                            UBS Europe SE
 Stabilisation period expected to start on:                                 18 April 2023
 Stabilisation period expected to end no later than:                        25 May 2023
 Existence, maximum size and conditions of use of over-allotment facility:  The Stabilisation Manager(s) may over-allot the securities to the extent
                                                                            permitted in accordance with applicable laws and rules.
 Stabilisation trading venue:                                               Irish Stock Exchange Regulated Market (Euronext Dublin)

 

In connection with the offer of the above securities, the Stabilisation
Manager(s) may over-allot the securities or effect transactions with a view to
supporting the market price of the securities during the stabilisation period
at a level higher than that which might otherwise prevail. However,
stabilisation may not necessarily occur and any stabilisation action, if
begun, may cease at any time.  Any stabilisation action or over-allotment
shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom and persons in
the United Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United Kingdom.

If and to the extent that this announcement is communicated in, or the offer
of the securities to which it relates is made in, the UK before the
publication of a prospectus in relation to the securities which has been
approved by the competent authority in the UK in accordance with Regulation
(EU) 2017/1129 as it forms part of domestic law by virtue of the European
Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), this
announcement and the offer are only addressed to and directed at persons in
the UK who are qualified investors within the meaning of the UK Prospectus
Regulation (or who are other persons to whom the offer may lawfully be
addressed) and must not be acted on or relied on by other persons in the UK.

In addition, if and to the extent that this announcement is communicated in,
or the offer of the securities to which it relates is made in, any EEA Member
State before the publication of a prospectus in relation to the securities
which has been approved by the competent authority in that Member State in
accordance with Regulation (EU) 2017/1129  (the "EEA Prospectus Regulation")
(or which has been approved by a competent authority in another Member State
and notified to the competent authority in that Member State in accordance
with the EEA Prospectus Regulation), this announcement and the offer are only
addressed to and directed at persons in that Member State who are qualified
investors within the meaning of the EEA Prospectus Regulation (or who are
other persons to whom the offer may lawfully be addressed) and must not be
acted on or relied on by other persons in that Member State.

 

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