RSA Insurance Group Limited Notice of redemption to noteholders (3911A)
01 Junho 2021 - 3:30AM
UK Regulatory
TIDMRSA
RNS Number : 3911A
RSA Insurance Group Limited
01 June 2021
FOR IMMEDIATE RELEASE
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018
NOTICE TO NOTEHOLDERS
RSA INSURANCE GROUP PLC
(a public limited company incorporated in England and Wales)
Notice of redemption to the holders of the GBP350,000,000 Senior
1.625 per cent. Notes due 28 August 2024 (ISIN: XS2041038444;
Common Code: 204103844) (the "Notes")
London, UK: 1 June 2021.
RSA Insurance Group plc (the "Issuer") hereby gives notice of
redemption to the holders of the Notes.
Pursuant to Condition 6.4 (Optional Redemption Amount redemption
at the option of the Issuer) of the terms and conditions of the
Notes (the "Conditions"), the Issuer is exercising its option to
redeem in full all of the outstanding Notes on 16 June 2021 (the
"Optional Redemption Date").
Each Note shall be redeemed at the Optional Redemption Amount
together with interest accrued to (but excluding) the Optional
Redemption Date. The Optional Redemption Amount shall be an amount
equal to the principal amount outstanding of the Notes multipled by
the greater of: (i) 100 per cent.; and (ii) the price (expressed as
a percentage and rounded to three decimal places, with 0.0005 being
rounded upwards), as reported in writing to the Issuer and the
Trustee by an Independent Adviser, at which the Gross Redemption
Yield (determined by reference to the mid-market price) on the
Notes on the day which is two Business Days prior to the Optional
Redemption Date is equal to the Reference Bond Redemption Rate.
Pursuant to Condition 6.7 (Cancellations) of the Conditions, all
Notes redeemed will be cancelled.
Terms used but not defined in this announcement shall have the
meanings given to them in the Conditions.
For further information, holders of the Notes should
contact:
Intact Financial Corporation
Ken Anderson, SVP, Investor Relations & + 1 855 646 8228
Corporate Development ext 87383
Ryan Penton, Director, Investor Relations + 1 416 316 3495
Diane Flanagan, VP, Corporate Affairs & + 1 647 456 7931
Communications
RSA Insurance Group plc
Rupert Taylor Rea, Group Financial Performance Tel: +44 (0)7881
& 677400
Investor Relations Director
Matthew Cohen, Head of Investor Relations Tel: +44(0) 7967
343633
Natalie Whitty, Communications Director Tel: +44(0) 7584
342052
This announcement is released by RSA Insurance Group plc and
contains information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018 ("UK MAR"),
encompassing information relating to the Notes. For the purposes of
UK MAR and Article 2 of Commission Implementing Regulation (EU)
2016/1055 as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018, this announcement is made by
Jonathan Cope, Head of Legal UK & International of the
Issuer.
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END
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June 01, 2021 02:30 ET (06:30 GMT)
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