Article 8 Notification

RNS Number : 1048K

Provident Financial PLC

13 April 2010

 



13 April 2010

Article 8 Notification

Further to the announcement on 24 March 2010, Provident Financial plc today announces that it has launched and priced £25.2 million 10-year fixed-rate guaranteed bonds (the Bonds).  The Bonds are priced at par with a semi-annual coupon of 7.00 per cent. per annum.

In terms of Article 8 of the Prospectus Directive, the following is confirmed:

The aggregate principal amount of the Bonds is: £25,200,000

The net proceeds of the issue will be: £24,806,000

Estimated total expenses in relation to the transaction are: £394,000

Application has been made to the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 for the Bonds to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc for the Bonds to be admitted to trading on the electronic Order book for Retail Bonds on the London Stock Exchange's EU-regulated Main Market.  It is expected that the Bonds will be so admitted on 14 April 2010 for trading from 8:00 a.m. on 15 April 2010.  The Bonds will also be trading on Bondscape.

Numis Securities Limited acted as Manager and Hargreaves Lansdown Asset Management Limited acted as Authorised Offeror in connection with the Bonds.

Enquiries:      

Investor Relations

Stuart Caldwell, Provident Financial                    01274 731111

Media 

David Stevenson, Provident Financial                  01274 731111

Nigel Prideaux / Eilis Murphy, Brunswick           020 7404 5959

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Offering Circular may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular whether or not you are part of the intended addressees of the information contained therein.

This publication does not constitute an offering of the Bonds described in the Offering Circular for sale in the United States.  This is not for distribution in the United States.  The Bonds have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act) and are subject to U.S. tax law requirements.  Subject to certain exceptions, Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons, as such terms are defined in Regulation S under the Securities Act.  There will be no public offering of the Bonds in the United States.

Your right to access this service is conditional upon complying with the above requirement. 

 

END

 

 

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