Call Exercise Announcement

Places for People Treasury PLC

08 December 2023

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

NOTICE OF REDEMPTION

from

Places for People Homes Limited

(formerly North British Housing Limited)

(the Issuer)

to the holders of its outstanding

£380,000,000 5.09 per cent. Secured Bonds due 2043

(with an expected maturity of 2024)

(ISIN: XS0171888109)

(the Bonds)

Unless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the terms and conditions of the Bonds as set out in the Trust Deed between the Issuer and M&G Trustee Company Limited (formerly Prudential Trustee Company Limited) dated 10 July 2003, as supplemented on 7 January 2009.

NOTICE IS HEREBY GIVEN to the Holders that, pursuant to Condition 6(C) of the Bonds, the Issuer will redeem the whole (and not some only) of the outstanding Bonds on 31 January 2024 (the Redemption Date), at a redemption price (determined in accordance with Condition 6(C)(ii) of the Bonds) equal to 100.1001 per cent. of the outstanding nominal amount of the Bonds, together with interest accrued up to the Redemption Date. 

Following redemption of the Bonds, the Bonds will be cancelled and no further interest payments will be made.

The listing of the Bonds on the Official List of the Financial Conduct Authority and the admission to trading of the Bonds on the Main Market of the London Stock Exchange plc will be cancelled on or around 1 February 2024.

This Notice is given by:

Places for People Homes Limited

305 Gray's Inn Road

London WC1X 8QR

United Kingdom

8 December 2023

For further information, please contact:

Matt Cooper, Tax and Treasury Director

Telephone: [phone]

Email: [e-mail]

This announcement is made by Places for People Homes Limited and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the EUWA (UK MAR), encompassing information relating to the redemption of the Bonds described above. For the purposes of UK MAR and the Implementing Technical Standards, this announcement is made by Matt Cooper, Tax and Treasury Director at Places for People Treasury plc.

LEI of Places for People Homes Limited: 2138006VZYSUOICR2M02

 

END