Centrica plc - Tender Offer 2024 (XS) - Results

Centrica plc(the "Company") announces the results of its Tender Offer for its Subordinated Resettable Fixed Rate Notes due 2075 - XS1216019585

20 May 2024

Full announcement, including disclaimers and restrictions, available via Lonse

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"The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 17 May 2024.

As at the Expiration Deadline, £414,693,000 in aggregate principal amount of the Notes was validly tendered for purchase in the Offer.

The Company hereby announces that (subject to the satisfaction, or waiver, of the New Financing Condition on or prior to the Settlement Date) it has decided to accept for purchase £414,693,000 in aggregate principal amount of the Notes validly tendered pursuant to the Offer.

Accrued Interest will also be payable in respect of any Notes accepted for purchase pursuant to the Offer.

Following the Settlement Date, the Company intends to cancel the Notes purchased pursuant to the Offer and, accordingly, the Company will have repurchased and cancelled 92.15 per cent. of the nominal amount of the Notes. As a consequence, the 80 per cent. threshold as described in the Tender Offer Memorandum will have been met and it is the current intention of the Company to exercise its option under the terms and conditions of the Notes to redeem, following settlement of the Offer, all of the Notes that were not validly tendered and accepted for purchase pursuant to the Offer, at their principal amount together with any accrued and unpaid interest (including any outstanding Arrears of Interest (as defined in the terms and conditions of the Notes)) up to (but excluding) the redemption date. However, the Company is not under any obligation to make any such redemption and the Company's intention to do so may change at any time and for various factors existing at that time."

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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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