Just Group
plc
19 September 2024
Redemption of the
outstanding £250,000,000 Fixed Rate Subordinated
Tier 2 Notes (the "Notes") issued by Just Group plc
("Just Group")
(ISIN: XS2242666779)
On 17 September 2024, Just Group announced the
successful completion of a tender offer to all holders of the Notes
(the "Noteholders"),
pursuant to which £232,719,000 in aggregate nominal
amount of the Notes (the "Tendered Notes") were validly tendered for
purchase by Noteholders, representing approximately 93.09 per cent.
of the nominal amount of the Notes.
The Tendered Notes were repurchased and
cancelled by the Just Group on 19 September 2024. As at the date
hereof, £17,281,000 in aggregate nominal amount of the Notes remain
outstanding (the "Outstanding
Notes").
Just Group has today given notice that,
pursuant to Condition 7.8 (Clean-up redemption at the option of the
Issuer), on 21 October 2024, being a date
falling not less than 30 nor more than 60 days from today's date,
it shall redeem all Outstanding
Notes at their principal amount, together with
any Arrears of Interest and any other accrued and unpaid interest
to (but excluding) 21 October 2024.
Words and expressions defined in the trust deed
dated on 15 October 2020 between the Issuer and Deutsche Trustee
Company Limited (as modified, amended, supplemented and/or restated
from time to time) shall, unless defined herein or the context
otherwise requires, have the same meaning in this
announcement.
This announcement is given by
JUST GROUP
PLC
For further information, please
contact:
Alistair Smith, Investor Relations
Telephone: +44 (0) 1737 232 792
alistair.smith@wearejust.co.uk
Paul Kelly, Investor Relations
Telephone: +44 (0) 20 7444 8127
paul.kelly@wearejust.co.uk
A copy of this announcement will be available
on the Group's website
www.justgroupplc.co.uk.
JUST GROUP
PLC
GROUP COMMUNICATIONS
Enterprise House
Bancroft Road
Reigate
Surrey RH2 7RP
