Repurchase and Cancellation of Notes

Annington Funding PLC

05 February 2025

 

5 February 2025

ANNINGTON FUNDING PLC

REPURCHASE AND CANCELLATION OF NOTES

Annington Funding plc (the "Issuer") announces today that, pursuant to reverse enquiries, it has repurchased in the open market an aggregate principal amount of £5,815,000 of its outstanding £7,315,000 3.184 per cent. notes due 12 July 2029 (the "2029 Notes") and an aggregate principal amount of £6,441,000 of its outstanding £7,816,000 3.685 per cent. notes due 12 July 2034 (the "2034 Notes" and together with the 2029 Notes, the "Notes") issued by the Issuer and guaranteed by Annington Limited, Annington Property Limited and Annington Homes under the Issuer's £5,000,000,000 Euro Medium Term Note Programme, as follows:

Description of the Notes	ISIN	Aggregate principal amount of Notes purchased	Purchase price(1)	Aggregate principal amount of Notes outstanding after such purchase
2029 Notes	XS1645518652	£5,815,000	93.034 per cent.	£1,500,000
2034 Notes	XS1645518736	£6,441,000	89.016 per cent.	£1,375,000

Notes:

⁽¹⁾     Expressed as a percentage of the nominal amount of the relevant Notes

The purchase price for the Notes is the same as the purchase price offered to the holders of the Notes in the tender offers launched on 17 December 2024 (as announced on 8 January 2025).

The Notes purchased by the Issuer will be cancelled.

For further information, please contact:

Investor Relations 

Annington Funding plc

Hays Lane House 1 Hays Lane London

SE1 2HB

Stephen Leung

Chief Financial Officer

 

END