23 Mar 2015 14:48
Launch of the public offer in the United Kingdom of Notes and publication of Final Terms
Provident Financial plc has today launched an offer of sterling denominated 5.125 per cent. notes due 9 October 2023 (the "Notes"). The Notes are available to retail investors.
The Notes bear interest at a fixed rate of 5.125 per cent. per annum, payable semi-annually in arrear in equal instalments. The Notes have a minimum initial subscription amount of £2,000 face value and are available in multiples of £100 face value thereafter. Noteholders should, in most normal circumstances, be able to sell their notes during normal trading hours (subject to market conditions) on the open market through their stockbroker.
Barclays Bank PLC and Numis Securities Limited are acting as Joint Lead Managers on this issue.
The offer period is now open and is expected to close at noon (London time) on 2 April 2015. Provident Financial plc retains the right to close the offer early, in conjunction with the Joint Lead Managers. The Notes are expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.
The following Final Terms are available for viewing:
Final Terms in relation to Provident Financial plc's Issue of sterling denominated 5.125 per cent. Notes due 9 October 2023 under the £2,000,000,000 Euro Medium Term Note Programme.
To view the full documents, please paste the following URL into the address bar of your browser.
http://www.rns-pdf.londonstockexchange.com/rns/2149I_-2015-3-23.pdf
For further information, please contact
Ken Mullen - General Counsel and Company Secretary
Phil Shepherd - Group Treasurer
Tel: +44 (0) 1274 351 351
DISCLAIMER - INTENDED ADDRESSEES
The information contained in this announcement may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in accordance with applicable regulatory requirements. Neither this announcement nor any copy of it may be taken or transmitted into the United States, Australia, Canada, Japan or in any other jurisdiction where it is unlawful to distribute this announcement or to a resident, national or citizen of the United States, Australia, Canada, Japan or any such other jurisdiction. The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase, any Notes. Any purchase of Notes pursuant to the offer should only be made on the basis of the information contained in the Offering Circular together with the Final Terms, available as described above.
The Notes have not been and will not be registered under the United States Securities Act of 1933 (as amended) (the Securities Act) and, subject to certain exceptions, may not be offered or sold within the United States. The Notes are in bearer form and subject to certain U.S. tax law requirements. The Notes are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act.