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Legal & General Group Plc announced on August 27, 2025, that it will redeem £101,575,000 of its Fixed Rate Reset Subordinated Notes due 2045 on October 27, 2025. This follows a previous repurchase and cancellation of £498,425,000 of the same notes on April 3, 2025, after a tender offer completed on April 2, 2025. Following the redemption, no notes will remain outstanding, and the listing will be cancelled.
| Date | 27 Aug 2025 |
| Time | 12:00:01 |
| Category | Miscellaneous |
| ID | 8963W |
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Legal & General Group Plc 27 August 2025 |
Reference is made to the Terms and Conditions (the "Terms and Conditions") of the Notes and to the Final Terms of the Notes dated 22 October 2015. Terms and expressions defined in the Terms and Conditions of the Notes shall have the same meanings in this notice.
On 2 April 2025, Legal & General Group Plc announced the successful completion of a tender offer to all holders of the Notes, pursuant to which £498,425,000 in aggregate nominal amount of the Notes (the "Tendered Notes") were validly tendered for purchase by Noteholders.
The Tendered Notes were repurchased and cancelled by Legal & General Group Plc on 3 April 2025. As at the date hereof, £101,575,000 in aggregate nominal amount of the Notes remain outstanding (the "Outstanding Notes").
Notice is hereby given that, in accordance with Condition 6(e) of the Terms and Conditions of the Notes, Legal & General Group Plc will redeem the Outstanding Notes at their Optional Redemption Amount on 27 October 2025, together with all accrued but unpaid interest payable thereon. Following such redemption, there will be no Notes outstanding.
The listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Main Market of the London Stock Exchange plc will be cancelled on, or shortly after, 27 October 2025.
-ENDS-
Further information
Name: Monika Remenyi
Role: Head of Funding and DCM
Division: Legal & General Group Plc
Tel: 020 3124 2064
Email: Monika.Remenyi@group.landg.com