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Annington Funding PLC - Tender Offer (XS) - Launch (Update)

ANNINGTON FUNDING PLC ANNOUNCES TENDER OFFER - XS1645518496

26 JANUARY 2024


Full announcement including disclaimers and offer restrictions available via Lonse or Annington Funding Plc


26 January 2024. Annington Funding plc (the "Offeror") hereby announces that it is inviting Noteholders of its outstanding £625,000,000 2.646 per cent. Notes due 12 July 2025 (ISIN: XS1645518496), issued by the Offeror and guaranteed by Annington Limited, Annington Homes Limited and Annington Property Limited (together, the "Guarantors" and each a "Guarantor") (the "Notes") to tender such Notes for purchase by the Offeror for cash (the "Offer"), up to the Final Acceptance Amount (as defined below), all on the terms and subject to the satisfaction or waiver of the conditions set out in the tender offer memorandum dated 26 January 2024 (the "Tender Offer Memorandum").

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Rationale and background for the Offer


The rationale for the Offer is to proactively manage the Offeror's balance sheet and maturity profiles. Notes purchased by the Offeror pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes which have not been validly offered and accepted for purchase pursuant to the Offer will remain outstanding."


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ANNINGTON FUNDING PLC ANNOUNCES TENDER OFFER - XS1645518496

26 JANUARY 2024


Full announcement including disclaimers and offer restrictions available via Lonse or Annington Funding Plc


More information to follow later today.


For the full announcement, please visit the London Stock Exchange website.


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