Friends Life Holdings plc STICS Notice of Substitution (9805A)
October 01 2015 - 9:48AM
UK Regulatory
TIDM35PG
RNS Number : 9805A
Friends Life Holdings plc
01 October 2015
NOTICE OF SUBSTITUTION
1 October 2015
Friends Life Holdings plc
(incorporated with limited liability in England and Wales under
registered number 06986155)
Friends Life Holdings plc
6.875 per cent. Step-up Tier One Insurance Capital
Securities
Issued in November 2003
(ISIN XS0181161380) (the "STICS")
Notice is hereby given to the holders of the STICS that with
effect from and including 1 October 2015:
1. Aviva pIc (company number 02468686) (the parent company of
Friends Life Holdings plc) has been substituted for Friends Life
Holdings plc as issuer of and principal debtor in respect of the
STICS and the trust deed constituting the STICS (as amended and
restated from time to time) (the "Trust Deed") in accordance with
clause 14.3 of the Trust Deed and Condition 13 of the terms and
conditions of the STICS;
2. In addition, in accordance with Condition 7(f) of the terms
and conditions of the STICS, Aviva plc has amended the terms of the
Alternative Coupon Satisfaction Mechanism (as defined in the terms
and conditions of the STICS) so that references to "Ordinary
Shares" in the terms and conditions of the STICS are to ordinary
shares of Aviva plc as issuer;
3. Friends Life Limited will continue to guarantee all payments
in respect of the STICS on the same terms and subject to the same
conditions as it did prior to such substitution; and
4. the STICS will continue to be admitted to listing on the
Official List of the UK Listing Authority and to trading on the
regulated market of the London Stock Exchange plc.
Any Holder (as defined in the terms and conditions of the STICS)
who wishes to inspect a copy
of the supplemental trust deed executed in relation to the
substitution may do so during normal
business hours at the specified office of the Principal Paying
Agent listed below.
PRINCIPAL PAYING AGENT
Citibank N.A., London Branch
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
This notice does not constitute or form part of an offer to sell
or the solicitation of an
offer to subscribe for or otherwise acquire any securities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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