REG - Standard Life plc - Announcement of early Redemption

Standard LifeAnnouncement

Tue 14:15

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RNS Number : 1012D  Standard Life plc  05 May 2026

 

STANDARD LIFE PLC

(the "Issuer")

U.S.$500,000,000 Fixed Rate Reset Tier 2 Notes due 2031 (ISIN: XS2182954797)

(the "Notes"), of which U.S.$350,000,000 are currently outstanding

5 May 2026

Announcement of early redemption

Standard Life plc (formerly Phoenix Group Holdings plc) (the "Issuer") today
gave notice to the holders of the outstanding Notes that, pursuant to
Condition 6(c) of the terms and conditions of the Notes (the "Conditions") set
out in Schedule 2, Part C, Part 3 to the trust deed dated 24 June 2019 (the
"Trust Deed") between PGH Capital Public Limited Company, the Issuer and
Citibank, N.A., London Branch (as Trustee), the Issuer has exercised its
option to redeem all of the outstanding Notes on 4 June 2026 (the "Redemption
Date") at their principal amount together with any accrued and unpaid interest
to (but excluding) the Redemption Date.

Payment in respect of the Notes will be made through Euroclear Bank SA/NV and
Clearstream Banking, S.A., in accordance with their standard procedures.

Pursuant to Condition 6(b), if the Notes cannot be redeemed on the Redemption
Date due to any of the circumstances described in Condition 6(b), then the
redemption of the Notes shall be suspended and shall occur only in accordance
with Conditions 3(d), 6(b) and 6(i)(ii).

Unless otherwise defined herein, defined terms used have the meanings given to
them in the Trust Deed and the Conditions.

For further information:

 

Sally Campbell, Group Treasurer

+44 2045594751

Sally.Campbell@standardlife.com

 

Joanne Roberts, Investor Relations Director

+44 2045594673

Joanne.Roberts@standardlife.com

 

Legal Entity Identifier (LEI) Number: 2138001P49OLAEU33T68

 

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