19 August
2024
NOTICE OF
ISSUER MATURITY PAR CALL
British Telecommunications
public limited company
(LEI:
549300OWFMSO9NYV4H90)
EUR 1,100,000,000 1.000 per
cent Notes due 21 November 2024 (the "Notes")
(ISIN:
XS1720922175)
issued under its Euro Medium
Term Note Programme
NOTICE IS HEREBY
GIVEN by British Telecommunications
public limited company (the "Issuer") that the Notes will be fully
redeemed by the Issuer on 23 September 2024 (the "Redemption Date"), in accordance with
Condition 6.4 (Redemption at the
option of the Issuer (Issuer Maturity Par Call)) of the
Terms and Conditions of the Notes. The Notes will be redeemed on
the Redemption Date at a price equal to their Final Redemption
Amount as set out in the Final Terms document relating to the
Notes, being EUR 1,000 per Calculation Amount of
EUR 1,000, plus accrued but unpaid interest from, and
including, 21 November 2023 to, but excluding, the Redemption Date
(the "Redemption Price").
Payment of the Redemption Price will be made on the Redemption Date
through Euroclear Bank SA/NV and Clearstream Banking S.A.
Accordingly, any interest in respect of the Notes shall cease to
accrue on and after the Redemption Date. The listing of the Notes
on the Financial Conduct Authority's
Official List and the admission of the Notes to trading on the
London Stock Exchanges main market will be cancelled on, or around,
23 September 2024.
Further information
The Issuer has exercised its call
option to redeem the Notes as part of its liquidity and balance
sheet management. The redemption will be funded by existing cash
resources.
Questions regarding this Notice of
Issuer Maturity Par Call should be directed to the Issuer
at:
British Telecommunications public
limited company
1 Braham Street
London E1 8EE
For the attention of: Andrew Binnie
(Group Treasury Director)
This announcement is released by
British Telecommunications public limited company 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 domestic law by virtue
of the European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of the UK
MAR and Article 2 of Commission Implementing Regulation (EU)
2016/1055 as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018, this announcement is made by
Andrew Binnie, Group Treasury Director of British
Telecommunications public limited company.