Wm Morrison Supermarkets
Limited
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES AS
INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7
OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
(EUWA), AS AMENDED.
£300,000,000 4.750 per cent. notes
due 4 July 2029 issued by Wm Morrison Supermarkets Plc (the
predecessor to Wm Morrison Supermarkets Limited) guaranteed by
Safeway Limited, Safeway Stores Limited and Optimisation
Investments Limited under the £3,000,000,000 Euro Medium Term Note
Programme (ISIN XS1083226321) (the "Notes")
22 October 2024
Determination of Make-Whole Redemption
Amount
Reference is made to the
announcement dated 20 September 2024 by Wm Morrison Supermarkets
Limited (the "Issuer") of
its intention to exercise its call option in respect of all the
outstanding Notes issued under the £3,000,000,000 Euro Medium Term
Note Programme on 24 October 2024 (the "Redemption"). Unless otherwise defined
herein, the defined terms used have the meanings given to them in
the terms and conditions of the Notes (the "Conditions").
In connection with the Redemption,
the Issuer appointed a Financial Adviser to determine the
Make-Whole Redemption Amount based on the higher of par and the
price, as reported to the Issuer and the Trustee by the Financial
Adviser, at which the Gross Redemption Yield on the Notes is equal
to the Gross Redemption Yield (determined by reference to the
middle market price) at 3.00 p.m. London time on the Redemption
Calculation Date (being 22 October 2024) of the Reference Bond
(determined in accordance with the Final Terms to be the
6 per cent UK Treasury
Stock due 7 December
2028), plus the Redemption Margin (if
any).
NOTICE IS HEREBY GIVEN THAT the
Make-Whole Redemption Amount so determined in accordance with the
Conditions is £1,038.84 per £1,000
aggregate principal amount for the Notes outstanding. In addition,
an amount equal to £14.46 per £1,000 in
respect of accrued and unpaid interest to (but excluding) the
Make-Whole Redemption Date shall be payable in respect of the
Notes.
The Make-Whole Redemption Date for
the Notes is 24 October 2024.
For further information, holders of
the Notes should contact:
Wm
Morrison Supermarkets Limited
|
Rebecca Jones, Head of Finance -
Investor Relations
|
rebecca.jones@morrisonsplc.co.uk
|
|
James Fasey, Finance Director -
Group Finance
|
james.fasey@morrisonsplc.co.uk
|
LEI Number (Wm Morrison Supermarkets
Limited 213800IN6LSRGTZSOS29)
For the purposes of
the Market Abuse Regulation (EU) 596/2014,
as it forms part of UK domestic law by virtue of
the EUWA ("UK MAR")
and Article 2 of the binding technical standards
published by the Financial Conduct Authority in relation to UK MAR
as regards Commission Implementing
Regulation (EU) 2016/1055, this announcement is made by Jonathan
Burke, the Company Secretary of Wm Morrison Supermarkets
Limited.