Centrica plc - Tender Offer 2024 (XS) - Launch

Centrica plc announces Tender Offer for its Subordinated Resettable Fixed Rate Notes due 2075 - XS1216019585

10 May 2024

Full announcement, including disclaimers and restrictions, available via Lonse

10 May 2024. Centrica plc (the Offeror) announces today an invitation to holders of its outstanding £450,000,000 Subordinated Resettable Fixed Rate Notes due 2075 (ISIN: XS1216019585) (the Notes) to tender their Notes for purchase by the Offeror for cash (such invitation, the Offer)."

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"Summary of the Offer

Rationale for the Offer

The purpose of the Offer and the planned issuance of New Notes is, amongst other things, to proactively manage the Offeror's hybrid portfolio. The Offer also provides eligible Noteholders with the opportunity to sell their Notes ahead of their upcoming first reset date and to apply for priority in the allocation of the New Notes."

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