LONDON - Annington Funding PLC, incorporated in England and Wales, has announced the optional redemption amount for its £625 million 2.646 percent notes due on July 12, 2025. The securities, which are part of the company's £5 billion Euro Medium Term Note Programme, are backed by guarantees from Annington Limited, Annington Property Limited, and Annington Homes Limited.
On December 17, 2024, Annington Funding PLC notified holders of the 2025 Redemption Notes of its intention to fully redeem the outstanding notes on January 14, 2025. The redemption is contingent upon the satisfaction of the Financing Condition, which may be waived by the issuer at its discretion.
As of today, Numis Securities Limited, serving as the Independent (LON:IOG) Financial Adviser, has determined the optional redemption amount to be 100 percent of the nominal amount outstanding. The redemption is set to proceed unless the Financing Condition remains unmet by the Optional Redemption Date, in which case the issuer may postpone the redemption date until the condition is satisfied or retract the redemption notice altogether.
This announcement is based on a press release statement and provides the latest information to the note holders regarding their investment. The specific details of the redemption amount and conditions are critical for investors tracking the financial maneuvers of Annington Funding PLC.
It is important to note that Numis Securities Limited, trading as Deutsche Numis for this purpose, is acting exclusively for Annington Funding PLC and will not be responsible to anyone other than the issuer for the protections afforded to its clients. The London Stock Exchange (LON:LSEG) news service, RNS, has approved this information for distribution in the United Kingdom (TADAWUL:4280).
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