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On 5 February 2025, Annington Funding plc, whose notes are guaranteed by Annington Limited, Annington Property Limited, and Annington Homes, repurchased and cancelled notes issued under its £5,000,000,000 Euro Medium Term Note Programme. The company repurchased £5,815,000 of its 3.184% notes due 12 July 2029 at 93.034% and £6,441,000 of its 3.685% notes due 12 July 2034 at 89.016%. Following these actions, £1,500,000 of the 2029 Notes and £1,375,000 of the 2034 Notes remain outstanding.
| Date | 5 Feb 2025 |
| Time | 12:22:52 |
| Category | Miscellaneous |
| ID | 0489W |
5 February 2025
ANNINGTON FUNDING PLC
REPURCHASE AND CANCELLATION OF NOTES
Annington Funding plc (the "Issuer") announces today that, pursuant to reverse enquiries, it has repurchased in the open market an aggregate principal amount of £5,815,000 of its outstanding £7,315,000 3.184 per cent. notes due 12 July 2029 (the "2029 Notes") and an aggregate principal amount of £6,441,000 of its outstanding £7,816,000 3.685 per cent. notes due 12 July 2034 (the "2034 Notes" and together with the 2029 Notes, the "Notes") issued by the Issuer and guaranteed by Annington Limited, Annington Property Limited and Annington Homes under the Issuer's £5,000,000,000 Euro Medium Term Note Programme, as follows:
|
Description of the Notes |
ISIN |
Aggregate principal amount of Notes purchased |
Purchase price(1) |
Aggregate principal amount of Notes outstanding after such purchase |
|
2029 Notes |
XS1645518652 |
£5,815,000 |
93.034 per cent. |
£1,500,000 |
|
2034 Notes |
XS1645518736 |
£6,441,000 |
89.016 per cent. |
£1,375,000 |
Notes:
(1) Expressed as a percentage of the nominal amount of the relevant Notes
The purchase price for the Notes is the same as the purchase price offered to the holders of the Notes in the tender offers launched on 17 December 2024 (as announced on 8 January 2025).
The Notes purchased by the Issuer will be cancelled.
For further information, please contact:
Investor Relations
Annington Funding plc
Hays Lane House 1 Hays Lane London
SE1 2HB
Stephen Leung
Chief Financial Officer