THIS ANNOUNCEMENT
RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE
QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1)
OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
Tesco Personal
Finance Group PLC
Notice of Optional Redemption
LEI Number: 213800IZX26LIAH44T95
12 July 2024
Tesco Personal Finance Group PLC(the
Company)
Notice of Optional Redemption to the
noteholders
£250,000,000 3.50 per cent Notes due 2025
(XS2031923126)the Notes)
We refer to the Offering Circular dated 11 July 2019,
Condition 5(c) (Redemption at the
option of the Issuer (Issuer Call)) of the terms and
conditions of the Notes (the Conditions) and the Final Terms dated
23 July 2019 (the Final
Terms), under which the Issuer may, subject to Condition
5(j), on giving not less than the 10 nor more than 30 days' notice
to Noteholders, redeem all of the outstanding Notes on the Optional
Redemption Date (being the Interest Payment Date falling on or
nearest to 25 July, 2024) at the Optional Redemption Amount (being
£1,000 per Calculation Amount (such Calculation Amount also
being £1,000)), together with interest
accrued to (but excluding) the Optional Redemption Date.
Terms used but not defined in this notice have the
meaning given to them in the Offering Circular.
NOTICE IS HEREBY
GIVENthat on 25 July 2024 (the Optional Redemption Date) all of the
outstanding Notes (the outstanding nominal amount of such Notes
being £144,703,000) will be redeemed at the Optional Redemption
Amount, together with interest accrued (but unpaid) to (but
excluding) the Optional Redemption Date (Accrued Interest).
Payment in relation to the Notes will be made in
accordance with the usual procedures of Euroclear Bank SA/NV and/or
Clearstream Banking S.A. Once redeemed, the Notes will be cancelled
in accordance with Condition 5(i) (Cancellation) of the Conditions. The
Issuer hereby also gives notice that the listing of the Notes on
the Financial Conduct Authority's Official List 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, 25 July
2024.
This notice is irrevocable.
For further information you
may contact: Roy Linnell (Tesco Bank Treasury
Director) roy.linnell@tescobank.com.
This notice is released by Tesco Personal Finance
Group PLC and contains information that qualified or may have
qualified as inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014
as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 (UK MAR). For the purposes of UK MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055 as
it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018, this announcement is made by Roy Linnell,
Treasury Director of Tesco Personal Finance Group PLC.
This notice of redemption is issued and directed only
to the holders of the Notes and no other person shall, or is
entitled to, rely or act on, or be able to rely or act on, its
contents, and it should not be relied upon by any holder of Notes
for any other purpose.