Notice of Early Redemption

RNS Number : 2720O

SSE PLC

18 August 2017

 

SSE PLC

(incorporated with limited liability under the laws of Scotland under registered number SC117119)

€750,000,000 Capital Securities

(ISIN: XS0829343598)

$700,000,000 Capital Securities

(ISIN: XS0829351690)

Notice of Early Redemption

NOTICE IS HEREBY GIVEN by SSE plc (the "Issuer") that it will redeem the €750,000,000 Capital Securities (the "Euro Securities") and the $700,000,000 Capital Securities (the "Dollar Securities" and together with the Euro Securities, the "Securities") in full in accordance with Condition 6(b) of the terms and conditions of the relevant Securities, with settlement of such redemption being effected on 2 October 2017 (the date following the First Reset Date (as defined in the terms and conditions of the relevant Securities and being Sunday 1 October 2017)). Such redemption shall be at their principal amount outstanding together with any accrued and unpaid interest up to (but excluding) the First Reset Date and any outstanding Arrears of Interest (as defined in the terms and conditions of the relevant Securities) pursuant to Condition 6(b) of the terms and conditions of the relevant Securities. Subject to settlement being effected, any interest in respect of the Securities shall cease to accrue on and after the First Reset Date.

PRINCIPAL PAYING AGENT

The Bank of New York Mellon, London Branch

One Canada Square

London E14 5AL

United Kingdom

TRUSTEE

BNY Mellon Corporate Trustee Services Limited

One Canada Square

London E14 5AL

United Kingdom

Dated: 18 August 2017

 

END

 

 

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