Resignation of a Guarantor

Co-Operative Group Limited
29 November 2024
 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA (UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

29 November  2024

 

CO-OPERATIVE GROUP LIMITED

announces the resignation of a Guarantor in relation to its

11.00 per cent. Final Repayment Subordinated Notes due 2025 (ISIN: GB00BFXW0630) (the Final Repayment Notes),

Instalment Repayment Subordinated Notes having their last payment date in 2025 (ISIN: GB00BFXWHQ29) (the Instalment Repayment Notes) and £350,000,000 6.250% per cent. Guaranteed Notes due 2026 (ISIN: XS0629974352) (the 2026 Notes and, together with the Final Repayment Notes and the Instalment Repayment Notes, the Notes)

 

Pursuant to Condition 4.4 of the Conditions of the Final Repayment Notes, Condition 4.4 of the Instalment Repayment Notes and Condition 3.3 of the Conditions of the 2026 Notes, notice is hereby given that Co-op Funeral Plans Limited has been released as a Guarantor in respect of the Notes from and as at 29 November 2024.

Capitalised terms used in this announcement but not defined herewith have the meanings given to them in the two trust deeds each dated 20 December 2013 between, inter alios, Co-operative Group Limited and Law Debenture Trustees Limited as trustee and the trust deed dated 25 May 2011 between, inter alios, Co-operative Group Limited and BNY Mellon Corporate Trustee Services Limited as trustee (the Trust Deeds).

For further information, please contact:

Simon Nuttall, Head of Tax, Treasury & Insurance (investorrelations@coop.co.uk)

Co-operative Group Limited

1 Angel Square

Manchester

M60 0AG

 

DISCLAIMER

This announcement contains important information which should be read carefully. If you are in any doubt as to the contents of this announcement or the action it should take, it is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. The Issuer does not accept any responsibility for the accuracy or completeness of the information contained in this announcement or for any failure by the Issuer to disclose events that may have occurred and may affect the significance or accuracy of such information.

 

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