Morgan Stanley & Co. Int'l plc Post Stabilisation Notice (1924C)

TIDM19PK TIDMSSE

RNS Number : 1924C

Morgan Stanley & Co. Int'l plc

11 April 2017

11 April 2017

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

SSE plc (the "Company")

Post Stabilisation Notice

Further to the pre-stabilisation period announcement dated 2 March 2017, Morgan Stanley & Co. International plc (contact: Morgan Stanley Debt Syndicate - Elias Spangenberg; telephone: [phone]) hereby gives notice that the Stabilisation Manager(s) named below undertook stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) (and of) the rules of the Financial Conduct Authority) in relation to the offer of the following securities, as set out below.

 
 Issuer: 
                          SSE PLC 
---------------------  -------------------------------------- 
 Guarantor (if          N/A 
  any): 
---------------------  -------------------------------------- 
 Aggregate nominal     U.S.$900,000,000 
  amount: 
---------------------  -------------------------------------- 
 Description:          U.S.$900,000,000 Capital Securities 
                        due 2077 
---------------------  -------------------------------------- 
 Stabilising Manager:   MORGAN STANLEY & CO. INTERNATIONAL 
                         PLC 
                         (Coordinating Stabilisation Manager) 
                         BNP PARIBAS 
                         BARCLAYS BANK PLC 
                         LLOYDS BANK PLC 
                         RBC EUROPE LIMITED 
                         CREDIT SUISSE SECURITIES (EUROPE) 
                         LIMITED 
                         MUFG SECURITIES EMEA PLC 
                         NATIONAL AUSTRALIA BANK LIMITED 
                         (ABN 12 004 044 937) 
---------------------  -------------------------------------- 
 Offer price:           100 per cent. 
---------------------  -------------------------------------- 
 

Although stabilisation offers were made, no stabilisation transactions were carried out.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

END.

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April 11, 2017 05:01 ET (09:01 GMT)