75ME Go-ahead Gp 24

TIDM75ME

RNS Number : 9848G

Go-Ahead Group Limited (The)

24 July 2023

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) 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 ("UK MARKET ABUSE REGULATION")

ANNOUNCEMENT REGARDING REDEMPTION ON REPURCHASE DATE

IN RESPECT OF THE

GBP250,000,000 2.500 PER CENT. GUARANTEED

BONDS DUE 2024 (ISIN: XS1642733932)

(THE "BONDS")

ISSUED BY

THE GO-AHEAD GROUP LIMITED (formerly The Go-Ahead Group plc)

and guaranteed by

Go-Ahead Holding Limited, Go North East Limited, London General Transport Services Limited, Go South Coast Limited, Brighton & Hove Bus and Coach Company

Limited and The City of Oxford Motor Services Limited

24 July 2023

The Go-Ahead Group Limited (formerly Go-Ahead Group plc) (the "Issuer") hereby announces that pursuant to Condition 5(c) (Redemption or purchase at the option of the Issuer) of the terms and conditions of the Bonds (the "Conditions") constituted by a trust deed dated 6 July 2017 (the "Trust Deed") the Issuer will redeem all the outstanding Bonds at the Redemption Price on 4 August 2023 (the "Repurchase Date"), together with interest accrued to (but excluding) the Repurchase Date.

Capitalised terms used in this notice but not defined herein shall bear the meanings given to them in the Conditions.

Pursuant to Condition 5(c) (Redemption or purchase at the option of the Issuer), t he "Redemption Price" shall be the higher of (a) the principal amount outstanding of the Bonds and (b) the principal amount outstanding of the Bonds multiplied by the price (as reported in writing to the Issuer and the Trustee by an independent financial adviser appointed by the Issuer and approved by the Trustee) at which the Gross Redemption Yield (if the Bonds were to remain outstanding to their original maturity) on the Bonds on the Calculation Date is equal to the Gross Redemption Yield at 11.00 a.m. (London time) on the Calculation Date of UKT 2.75% due September 2024 (or, where such financial adviser advises the Issuer and the Trustee that, for reasons of illiquidity or otherwise, such stock is not appropriate for such purpose, such other government stock as such financial adviser may recommend) plus 0.250 per cent.

For such purposes:

"Calculation Date" means the date which is the second Business Day prior to the Repurchase Date (being 2 August 2023);

"Gross Redemption Yield" means a yield calculated in accordance with generally accepted market practice at such time, as advised to the Trustee by such financial adviser.

This notice is irrevocable and shall be construed in accordance with English Law.

For the purposes of the UK Market Abuse Regulation and Article 2 of Commission Implementing Regulation on (EU) 2016/1055 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, this notice is made by The Go-Ahead Group Limited by Carolyn Ferguson, Company Secretary of The Go-Ahead Group Limited.

For further information, please contact:

Gonzalo Velasco

Group Head of Structured Finance

The Go-Ahead Group Limited

M: 07977842789

E: gonzalo.velascogaztanaga@go-ahead.com

W: www.go-ahead.com

Andrew Clark

Corporate Affairs Director

The Go-Ahead Group Limited

T: 07932 677184

E: andrew.clark@go-ahead.com

W: www.go-ahead.com

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAFXLAFSDEFA

(END) Dow Jones Newswires

July 24, 2023 07:17 ET (11:17 GMT)

Go-ahead Gp 24 (LSE:75ME)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Go-ahead Gp 24 (LSE:75ME)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024