Notice of Redemption
Summary by AI BETAClose X
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 UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).
19 May 2026
NOTICE TO THE HOLDERS OF
Sterling-denominated 6.125 per cent. Fixed/Fixed Rate Reset Subordinated Notes due 2036
(ISIN: XS0138717441, Common Code: 013871744)
of which £200,000,000 remains outstanding
(the Notes)
Issued by
Aviva plc
(incorporated in England and Wales with limited liability, registered number 02468686)
(the Issuer)
NOTICE IS HEREBY GIVEN to the holders of the Notes that, as a result of the end of the Solvency II transitional measures set out in the Prudential Regulation Authority's Rulebook, a Capital Disqualification Event occurred in respect of the Notes on 1 January 2026, and the Issuer will exercise its option to redeem all of the outstanding Notes pursuant to Condition 6(e) (Optional Redemption due to Capital Disqualification Event) of the Terms and Conditions of the Notes on 19 June 2026 (the Redemption Date). This notice is irrevocable.
The Notes will be redeemed at their Special Redemption Price together with interest accrued to, but excluding, the Redemption Date. There are no Arrears of Interest. The Special Redemption Price of each Note will be the higher of: (a) the principal amount of such Note, and (b) the price as determined in the manner described in the Terms and Conditions of the Notes, by reference to the Gross Redemption Yield at 11.00 a.m. on 16 June 2026 of the 6 per cent. Treasury Stock due December 2028 (ISIN: GB0002404191) plus seventy-five basis points.
The Issuer will apply to the Financial Conduct Authority (the FCA) for the cancellation of the listing of the Notes on the official list of the FCA and to the London Stock Exchange plc (the London Stock Exchange) for the cancellation of the admission to trading of the Notes on the Main Market of the London Stock Exchange on or shortly after the Redemption Date.
Capitalised terms not otherwise defined herein have the meanings given to them in the Terms and Conditions of the Notes.
Given for and on behalf of the Issuer on 19 May 2026.
-ends-
Enquiries:
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Media: |
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Andrew Reid |
+44 (0)7800 694 276 |
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Sarah Swailes |
+44 (0)7800 694 859 |
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Investors and Analysts: |
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Michael O'Hara |
+44 (0)7387 234 388 |
This announcement is released by Aviva 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 United Kingdom domestic law by virtue of the EUWA (UK MAR), encompassing information relating to the Notes described above. For the purposes of UK MAR and the Implementing Technical Standards, this announcement is made by Susan Adams, Group Company Secretary at Aviva plc.
Legal Entity Identifier (LEI) of Aviva plc: YF0Y5B0IB8SM0ZFG9G81
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