Stagecoach Group Limited Notice of Redemption Price

RNS Number : 6461F

Stagecoach Group Limited

25 September 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE BONDHOLDERS

If the Bondholders are in any doubt about the contents of this notice or the action they should take they should consult a person authorised under the Financial Services and Market Act 2000 to advise on the Bonds such as their stockbroker, solicitor, tax adviser, accountant or other financial adviser.

 

25 September 2024

 

STAGECOACH GROUP LIMITED (FORMERLY KNOWN AS STAGECOACH GROUP PLC)

(a company incorporated with limited liability in Scotland with registered number SC100764, whose registered office is at 10 Dunkeld Road, Perth, Perthshire PH1 5TW (the "Issuer"))

NOTICE OF REDEMPTION PRICE

with respect to the £400,000,000 4.00 per cent. Bonds due 2025 (the "Bonds")
Common Code: 129800224/ISIN: XS1298002244

 

The Issuer has provided notice pursuant to Condition 5(c) (Redemption or purchase at the option of the Issuer) of the terms and conditions of the Bonds, as amended, amended and restated, supplemented and/or otherwise modified from time to time, (the "Conditions") to the holders of the Bonds (the "Bondholders") that on 27 September 2024 (the "Redemption Date") the Bonds will be redeemed at the price determined in accordance with Condition 5(c) (Redemption or purchase at the option of the Issuer) (the "Redemption Price") together with accrued interest of £39.78 per each £1,000 in principal amount of the Bonds to the Redemption Date.

Notice is hereby given by the Issuer to the Bondholders that on 25 September 2024 National Westminster Bank plc (as financial adviser appointed by the Issuer and approved by the Trustee) has determined, pursuant to Condition 5(c) (Redemption or purchase at the option of the Issuer), the Redemption Price to be £1,000.00 per £1,000 in principal amount of the Bonds.

Terms not otherwise defined herein shall have the meaning given to them in the trust deed dated 29 September 2015 between, among others, the Issuer and HSBC Corporate Trustee Company (UK) Limited (the "Trustee") (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the "Trust Deed"), copies of which are available for inspection at the specified offices of the Principal Paying Agent.

Enquiries:

Bruce Dingwall, Chief Financial Officer; [phone]

Katrina Leese, Head of Treasury; [phone]

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