PRS Finance PLC Sale of Retained Bonds (3320W)
August 17 2020 - 4:55AM
UK Regulatory
TIDM55AN
RNS Number : 3320W
PRS Finance PLC
17 August 2020
Issuer: PRS Finance plc
Date: 17 August 2020
PRS FINANCE PLC
(the "Issuer")
(incorporated with limited liability in England and Wales
with registration number 09331085)
This announcement is released by PRS Finance plc and contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and
Article 2 of the Commission Implementing Regulation (EU) 2016/1055,
this announcement is made by Susan Abrahams on behalf of Intertrust
Directors 1 Limited as Director of PRS Finance plc .
Sale of Retained Bonds
PRS Finance Plc 2.00% Guaranteed Secured Bonds due 2029
(ISIN: XS1916263897, Common Code: 191626389)
(the "Bonds")
The Issuer is pleased to announce today that it has sold
GBP11,488,000 in principal amount of its Bonds under the guaranteed
secured bond programme established by the Issuer for the issue of
bonds unconditionally and irrevocably guaranteed by the Secretary
of State for Housing, Communities and Local Government (formerly
being the Secretary of State for Communities and Local Government)
(the "Programme").
In accordance with the terms and conditions of the Bonds, the
Bonds that have been sold were Retained Bonds, as detailed in the
Programme Memorandum dated 23 July 2018 (as supplemented by the
Pricing Supplement dated 22 January 2019 and 31 May 2019
respectively in respect of the Bonds) (the "Programme
Memorandum").
Following the sale, the aggregate outstanding principal amount
of Bonds in issue will be GBP452,738,000 under the Programme, of
which GBP42,875,000 are Retained Bonds held by or on behalf of the
Issuer.
For further information please contact Venn Partners.
Email: prs@venn-partners.com
Tel: +44 (0)20 7073 9350
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Programme
Memorandum may be addressed to and/or targeted at persons who are
residents of particular countries (specified therein) only and are
not intended for use and should not be relied upon by any person
outside these countries and/or to whom any offer of bonds under the
Programme is not addressed. Prior to relying on the information
contained in the Programme Memorandum, you must ascertain whether
or not you are part of the intended addressees of the information
contained therein.
This announcement does not constitute an offering of securities
and is not for distribution in the United States. The securities
described in the Programme Memorandum (the "Securities") have not
been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or under any relevant
securities laws of any state of the United States of America and
are subject to U.S. tax law requirements. Subject to certain
exceptions, the Securities may not be offered or sold directly or
indirectly within the United States or to, or for the account or
benefit of, U.S. persons or to persons within the United States of
America, as such terms are defined in Regulation S under the
Securities Act. Any forwarding, distribution or reproduction of the
Programme Memorandum in whole or in part is prohibited. Failure to
comply with this notice may result in a violation of the Securities
Act or the applicable laws of other jurisdictions. There will be no
public offering of the Securities in the United States.
Your right to access this service is conditional upon complying
with the above requirements. In particular, your accessing this
service will constitute your representation that you are not in the
United States and you are not a U.S. person within the meaning of
Regulation S under the Securities Act and the U.S. Internal Revenue
Code and regulations thereunder.
END
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END
DISDZGMRLNRGGZG
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August 17, 2020 05:55 ET (09:55 GMT)
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