Publication of Offering Circu
Publication of Offering Circular
Provident Financial plc (the "Company") today announces that the following offering circular has been approved by the UK Listing Authority and is available for viewing:
Offering Circular in relation to the issue by Provident Financial plc of up to £75 million 7.00 per cent. Guaranteed Bonds due 2020 (the "Bonds").
Application has been made to the Financial Services Authority for the Bonds to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc ("LSE") for the Bonds to be admitted to trading on the electronic order book for retail bonds on the LSE's Regulated Market ("ORB"). The Bonds will also be trading on Bondscape.
The recently launched ORB is aimed primarily at retail investors. Having successfully issued its £250 million senior public bonds to institutional investors in October 2009, the Company is using ORB to continue its strategy of diversifying its funding sources and to secure additional long term capital.
Numis Securities Limited has been appointed as Manager and Hargreaves Lansdown Asset Management Limited has been appointed as Authorised Offeror in connection with the Bonds which will be issued in £1 denominations to mainly retail clients.
To view the full document, please paste the following URL into the address bar of your browser.
http://www.rns-pdf.londonstockexchange.com/rns/0817J_-2010-3-24.pdf
For further information, please contact:
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Provident Financial plc |
Tel: +44 (0) 1274 731111 |
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Ken Mullen, General Counsel and Company Secretary Stuart Caldwell, Group Treasurer and Head of Investor Relations |
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DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Offering Circular may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular whether or not you are part of the intended addressees of the information contained therein.
This publication does not constitute an offering of the Bonds described in the Offering Circular for sale in the United States. This is not for distribution in the United States. The Bonds have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") and are subject to U.S. tax law requirements. Subject to certain exceptions, the Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons, as such terms are defined in Regulation S under the Securities Act. There will be no public offering of the Bonds in the United States.
Your right to access this service is conditional upon complying with the above requirement.
This information is provided by RNS
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