REG - SEGRO PLC - REDEMPTION OF REMAINING 6.750% NOTES DUE 2021

SEGROAnnouncement

24/07/2020 07:01

RNS Number : 9425T
  
SEGRO PLC
  
24 July 2020
  
 

 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.
24 July 2020
SEGRO PLC
Redemption of REMAINING 6.750 per cent Notes due 2021 (the "notes")

(ISIN: XS0469028319)
SEGRO plc announces that it has today given notice to the holders of the Notes that it will fully redeem all of the Notes outstanding on 17 August 2020 in accordance with Condition 6.3 of the Notes.  Of the originally issued amount of £300 million, £79.3 million remains outstanding.  The Notes will be redeemed at the Redemption Amount of 108.450 per cent., together with accrued interest. 
Following redemption, the Notes will be cancelled pursuant to Condition 6.7 of the Notes.  Accordingly, the listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc will be cancelled on, or shortly after, 19 August 2020.
Words and expressions used in this Notice shall, unless defined herein or the context otherwise requires, have the same meaning as in the terms and conditions of the Notes.
The person responsible for arranging release of this Announcement on behalf of SEGRO is Elizabeth Blease.
ENDS
For further information, please contact:
Harry Stokes (Commercial Finance Director)
Tel: +44 (0) 20 7451 9124 / harry.stokes@segro.com
 
Notes to Editors:
ABOUT SEGRO 
SEGRO is a UK Real Estate Investment Trust (REIT) and listed on the London Stock Exchange in the FTSE 100 index. It is a leading owner, manager and developer of modern warehouses and light industrial property with a portfolio comprising 7.8 million square metres of space (84 million square feet), valued at £12.2 billion as at 31 December 2019. Its assets are positioned strategically at locations in the UK across London and the South-East and Midlands regions, while in Continental Europe it has developments in France, Germany, Italy, Poland, Spain, The Netherlands and the Czech Republic.
For 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.


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