Notice of early edemption of EUR500m Notes

RNS Number : 5875B

Old Mutual PLC

08 October 2015

 



Old Mutual plc

Ref 685/15

8 October 2015

NOTICE OF EARLY REDEMPTION

to the holders of the

OLD MUTUAL PLC

EUR500,000,000 Fixed to Floating Rate Step-Up Option B Undated Subordinated Notes (the "Notes")

ISIN: XS0234284668
Common Code: 023428466

NOTICE IS HEREBY GIVEN to the holders of the outstanding Notes of Old Mutual plc (the "Issuer") that, pursuant to the Final Terms of the Notes and Condition 7(d) (Redemption at the option of the Issuer (Issuer Call)), the Issuer hereby will redeem all outstanding Notes on 4 November 2015 (the "First Call Date") at their nominal amount together with accrued and unpaid interest to (but excluding) the First Call Date.

Notice of the proposed redemption has been given to the Prudential Regulation Authority and no notice of objection has been given by the Prudential Regulation Authority.

Terms used in this Notice and not defined herein shall have the same meaning given to them in the Terms and Conditions of the Notes.

Payment of the redemption monies will be made through Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme, in accordance with their standard procedures.

For and on behalf of

Old Mutual plc

8 October 2015

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Sizwe Ndlovu                             SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

END

 

 

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