Just Group PLC - Tender Offer - Amend & Extend.

Just Group plc announces Amendment to terms and Extension.

Announcement available via LUXSE.

"14 November 2022. Just Group plc (the Company) originally announced on 7 November 2022 an invitation to holders of its outstanding £250,000,000 9.000 per cent. Guaranteed Subordinated Notes due 2026 (ISIN: XS1504958817) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer). The Company announces today certain amendments to the Offer. This announcement should be read in conjunction with the tender offer memorandum dated 7 November 2022 (the Tender Offer Memorandum) prepared by the Company. The Offer is being made on the terms and subject to the conditions contained in the Tender Offer Memorandum, as amended by this announcement, and is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum. Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender Agent as set out below. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum. Amendment to the Offer The Company has determined to (i) amend the Purchase Spread to + 390 bps; and (ii) extend the Expiration Deadline to 4.00 p.m. (London time) on 16 November 2022. The Pricing Date and the Settlement Date will also be extended as set out in the revised timetable for the Offer below. All references to the “Purchase Spread” in the Tender Offer Memorandum shall be read accordingly, and all references to the “Expiration Deadline”, the “Pricing Date” and the “Settlement Date” in the Tender Offer Memorandum shall be as set out in the timetable for the Offer below.

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Original Launch Terms:

"7 November 2022. Just Group plc (the Company) announces today an invitation to holders of its outstanding £250,000,000 9.000 per cent. Guaranteed Subordinated Notes due 2026 (ISIN: XS1504958817) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer). The Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 7 November 2022 (the Tender Offer Memorandum) prepared by the Company for the Offer, and is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum.

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Rationale for the Offer

The purpose of the Offer is to optimise the capital structure and debt profile of the Group."