TIDM55AN
RNS Number : 4587V
PRS Finance PLC
01 December 2023
Issuer : PRS Finance plc
Date : 01 December 2023
PRS FINANCE PLC
(the "Issuer")
(incorporated with limited liability in England and Wales
with registration number 09331085)
Notice of Early Redemption in Part of the
1.750 per cent. Guaranteed Secured Bonds due 2026 (ISIN
XS1523000856)
This announcement is released by PRS Finance plc and contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 (as it forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018) (UK MAR). For
the purposes of UK MAR and Article 2 of the Commission Implementing
Regulation (EU) 2016/1055 (as it forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018), this
announcement is made by Susan Abrahams on behalf of Intertrust
Directors 1 Limited as Director of PRS Finance plc .
Notice of Early Redemption in Part
In accordance with Condition 10.3 (Early Redemption) and
Condition 18 (Notices), the Issuer gives notice to the holders of
the Issuer's 1.750 per cent. Guaranteed Secured Bonds due 2026,
ISIN XS1523000856 (the "Bonds") of the Issuer's intention to redeem
the Bonds early in part a Loan Optional Repayment Event.
The Issuer has today received amounts in prepayment of a Loan
equal to GBP39,400,000 (the "Prepayment Amount") and, accordingly,
in accordance with Conditions 10.3 (Early Redemption) and 10.4
(Partial Redemption) the Issuer is required to redeem the Bonds in
part at the higher of an amount equal to the Prepayment Amount and
an amount calculated in accordance with Condition 10.3(a)(ii)(B)
together with interest accrued from and including 24 November 2023,
being the previous interest payment date, up to (but excluding) 12
December 2023, being the date for redemption and the date falling
seven Business Days after today.
In accordance with Condition 10.3(a)(ii):
The Gross Redemption Yield is: 1.750 per cent.
The Determination Date at which the Gross Redemption Yield was
calculated was 24 November 2023
The redemption amount is: GBP 39,400,000.00 (excluding accrued
interest)
The accrued interest is: GBP34,096.15
Total payment in respect of this redemption is:
GBP39,434,096.15
Following such early redemption, the redeemed Bonds will be
cancelled (where applicable) in accordance with Condition 10.7
(Cancellation).
Pursuant to clause 8.1 of the Retained Bond Custody Agreement,
the Issuer waives all amounts of principal and interest due in
respect of the Retained Bonds.
Pursuant to Condition 10.7 (Cancellation), the Issuer has
elected to cancel an amount of GBP244,751.19
of Retained Bonds.
Following the early redemption, the pool factor to be applied to
the Bonds will be:
0.890494231, giving an aggregate outstanding principal amount of
Bonds in issue of
GBP635,819,114.09 of which GBP3,925,298.60 are Retained Bonds
held by or on behalf of the Issuer.
Capitalised terms used in this notice but not defined in this
notice shall have the meanings given to them in the Conditions set
out in the Programme Memorandum of the Issuer dated 4 November
2016.
For further information, please contact ARA Venn (a trading name
of Venn Partners LLP).
Email: prs@ara-venn.com
Tel: +44 (0)20 7073 9350
Holders of Bonds which are held by Euroclear or Clearstream,
Luxembourg should contact the relevant corporate actions
departments within the Clearing Systems for further
information.
DISCLAIMER - INTENDED ADDRESSEES
This announcement does not constitute an offering of securities
and is not for distribution in the United States. The securities
described in the Programme Memorandum and the Pricing Supplement
(the "Securities") have not been, and will not be, registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"),
or under any relevant securities laws of any state of the United
States of America and are subject to U.S. tax law requirements.
Subject to certain exceptions, the Securities may not be offered or
sold directly or indirectly within the United States or to, or for
the account or benefit of, U.S. persons or to persons within the
United States of America, as such terms are defined in Regulation S
under the Securities Act. Any forwarding, distribution or
reproduction of the Programme Memorandum in whole or in part is
prohibited. Failure to comply with this notice may result in a
violation of the Securities Act or the applicable laws of other
jurisdictions. There will be no public offering of the Securities
in the United States.
Your right to access this service is conditional upon complying
with the above requirements. In particular, your accessing this
service will constitute your representation that you are not in the
United States and you are not a U.S. person within the meaning of
Regulation S under the Securities Act and the U.S. Internal Revenue
Code and regulations thereunder.
END
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END
STRBLBDDCDGDGXB
(END) Dow Jones Newswires
December 01, 2023 11:30 ET (16:30 GMT)
Prs Finance 26 (LSE:55AN)
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부터 12월(12) 2024 으로 1월(1) 2025
Prs Finance 26 (LSE:55AN)
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부터 1월(1) 2024 으로 1월(1) 2025
