REG - Princes Group PLC - End of Stabilisation Notice

PrincesAnnouncement

Wed 07:00

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RNS Number : 0768I  Princes Group PLC  19 November 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA
OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.

 

19 November 2025

 

Princes Group plc

 

End of Stabilisation Notice

 

Further to the pre-stabilisation period announcement dated 31 October 2025,
Peel Hunt LLP hereby gives notice that the following stabilisation measures
(within the meaning of Commission Delegated Regulation (EU) 2016/1052 of 8
March 2016 supplementing Regulation (EU) No 596/2014 as such legislation forms
part of retained EU law by virtue of the European Union (Withdrawal) Act 2018)
were undertaken by the Stabilising Manager named below during the
stabilisation period from 31 October 2025 to 18 November 2025 in relation to
the offer of the following securities.

 The Securities:
 Issuer:                                                                        Princes Group plc
 Securities                                                                     Ordinary registered shares of £0.10 nominal value each ("Ordinary Shares") of
                                                                                the Issuer (ISIN: GB00BVZNY531)
 Offering size:                                                                 84,210,526 Ordinary Shares (excluding the over-allotment option)
 Offer Price                                                                    475 pence per Offer Share
 Stabilisation:
 Stabilising Manager (and central point within the meaning of Commission        Peel Hunt LLP
 Delegated Regulation 2016/1052 as it forms part of retained EU law by virtue

 of the European Union (Withdrawal) Act 2018):                                  7th Floor, 100 Liverpool Street, London, EC2M 2AT, United Kingdom

                                                                                Contact: Sohail Akbar; Nicolas Wilks; telephone: +44 (0)20 7418 8900
 Beginning of the Stabilisation Period:                                         31 October 2025
 Stabilisation Period to end no later than:                                     18 November 2025
 Trading venue where stabilisation may be undertaken:                           London Stock Exchange
 Maximum size and conditions of use of Over-allotment Option                    The Stabilising Manager may over-allot the securities to the extent permitted
                                                                                in accordance with applicable law, up to the maximum size of 4,210,526
                                                                                Ordinary Shares

 

For each of the dates during which stabilisation transactions were carried
out, the price range was as follows:

 Execution date  Lowest Price  Highest Price  Trading Venue
 31-Oct-25       470           475            XLOM
 03-Nov-25       460           470            XLOM
 04-Nov-25       450           455            XLOM
 05-Nov-25       455           465            XLON
 06-Nov-25       465           468.55         XLON
 07-Nov-25       441           470            XLON
 10-Nov-25       445           450            XLON
 11-Nov-25       440           450            XLON
 12-Nov-25       445           445            XLON
 13-Nov-25       440           450            XLON
 14-Nov-25       440           450            XLON
 17-Nov-25       432           445            XLON
 18-Nov-25       425           435            XLON

 

Disclaimer

In connection with the offer of the above securities, the Stabilising Manager
or any of its agents may over-allot the securities or effect transactions with
a view to supporting the market price of the securities at a level higher than
that which might otherwise prevail. However, there is no assurance that the
Stabilising Manager or any of its agents will take any stabilisation action
and any stabilisation action, if begun, may be ended at any time.

This announcement is for information only and does not constitute an offer or
invitation to underwrite, subscribe for or otherwise acquire or dispose of any
securities or investment advice in any jurisdiction in which such an offer or
solicitation is unlawful, including without limitation, the United States,
Australia, Canada, or Japan. Any failure to comply with these restrictions may
constitute a violation of the securities laws of such jurisdictions.

This announcement and the information contained herein, is not an offer of
securities for sale in, and is not for transmission to or publication,
distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United
States of America and the District of Columbia) (the "United States"). The
securities being offered have not been and will not be registered under the US
Securities Act of 1933, as amended (the "Securities Act"), or under any
applicable securities laws of any state or other jurisdiction of the United
States and may not be offered, sold, resold, transferred or delivered,
directly or indirectly, in the United States unless registered under the
Securities Act or pursuant to an exemption from, or in a transaction not
subject to, such registration requirements and in accordance with any
applicable securities laws of any state or other jurisdiction of the United
States. No public offering of the securities discussed herein is being made in
the United States.

In the United Kingdom, this announcement is being distributed only to, and is
directed only at, persons who: (A) (i) are "investment professionals"
specified in Article 19(5) of the Financial Services and Markets Act
(Financial Promotion) Order 2005 (the "Order") and/or (ii) fall within Article
49(2)(a) to (d) of the Order (and only where the conditions contained in those
Articles have been, or will at the relevant time be, satisfied); and (B) are
"qualified investors" within the meaning of Article 2 of the Prospectus
Regulation (Regulation (EU) 2017/1129) as it forms part of retained EU law as
defined in the EU (Withdrawal) Act 2018 (all such persons together being
referred to as "Relevant Persons"). In the European Economic Area (the "EEA"),
this announcement is addressed only to and directed only at, persons in member
states who are "qualified investors" within the meaning of Article 2(e) of the
Prospectus Regulation (Regulation ((EU) 2017/1129) ("Qualified Investors").
This announcement must not be acted on or relied on (i) in the United Kingdom,
by persons who are not Relevant Persons, and (ii) in any member state of the
EEA, by persons who are not Qualified Investors. Any investment or investment
activity to which this announcement relates is available only to: (i) in the
United Kingdom, Relevant Persons; and (ii) in any member state of the EEA,
Qualified Investors, and will be engaged in only with such persons.

ENDS

 

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