Credit Andorra Preference Ltd Pref. Shares Notice of Optional Redemption price (2052X)
December 17 2019 - 9:40AM
UK Regulatory
TIDM65QM
RNS Number : 2052X
Credit Andorra Preference Ltd
17 December 2019
17 December 2019
CRÈDIT ANDORRÀ PREFERENCE LTD.
(incorporated with limited liability under the laws of Cayman
Islands)
NOTICE TO HOLDERS OF OPTIONAL REDEMPTION PRICE OF SERIES A EURO
CMS-LINKED NON-CUMULATIVE PERPETUAL GUARANTEED PREFERENCE
SHARES
EUR150,000,000 Series A Euro CMS-Linked Non-Cumulative Perpetual
Guaranteed Preference Shares
ISIN: XS0238428584
NOTICE IS HEREBY GIVEN by Crèdit Andorrà Preference Ltd. (the
"Issuer") of the Optional Redemption Price to be payable to Holders
in respect of the redemption of all of its outstanding
EUR150,000,000 Series A Euro CMS-Linked Non-Cumulative Perpetual
Guaranteed Preference Shares (the "Preference Shares") on 22
December 2019 (the "Optional Redemption Date"), in accordance with
paragraph 5(1) (Optional Redemption - Issuer Call Option) of the
terms of the Preference Shares.
The Optional Redemption Price payable in respect of each
Preference Share so redeemed shall be EUR101.123, comprised of the
aggregate of (i) EUR100.00 and (ii) EUR1.123, being the amount of
accrued and unpaid Dividends (whether or not declared) from (and
including) 22 December 2018 to (but excluding) the Optional
Redemption Date.
Upon such redemption, Dividends will cease to accrue on the
Preference Shares and the Preference Shares will be cancelled.
Terms used in this notice shall have the meanings given to them
in the terms of the Preference Shares contained in the Offering
Circular dated 20 December 2005.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFMMMZDNRGLZM
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