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Proposed substitution of LV Bonds Plc as issuer of certain securities

18/12/2023
FINANCIAL AND CORPORATE

PROPOSED ISSUER SUBSTITUTION OF CERTAIN SECURITIES


Liverpool Victoria Financial Services Limited (trading as LV=)
LV Bonds Plc


18 December 2023

Proposed substitution of LV Bonds Plc as issuer of certain securities

With effect from 18 December 2023 (the “Substitution Date”), subject to execution of transaction documentation, LV Bonds Plc, a wholly-owned subsidiary of Liverpool Victoria Financial Services Limited will be substituted in place of Liverpool Victoria Financial Services as principal debtor in respect to the following securities in accordance with Condition 14 of the Notes (the “Substitution”). 


GBP 350,000,000 6.50 per cent. Fixed Rate Reset Subordinated Notes callable 2023 due 2043 (ISIN: XS0935312057) (the “Notes”)


From and including the Substitution Date, the Notes will be irrevocably guaranteed by Liverpool Victoria Financial Services Limited.

Notice of the Substitution, once effective, will be delivered to the holders of the Notes in accordance with the terms and conditions of the Notes. 


ENDS

Investors/Analysts
Media
Michael Jones, Company Secretary, LV= [email protected] [email protected]

About Liverpool Victoria Financial Services Limited

LV= is one of the leading life and pensions mutual insurers, serving over 1 million members and customers across the UK. As a protection, investment and retirement specialist, LV= offers a range of products, services and advice to help members and customers protect their income while they’re working and maximise it when they stop. 

LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria Financial Services Limited (LVFS) and trading styles of the LV= Group of Companies. Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, register number 110035. Registered address: County Gates, Bournemouth, BH1 2NF.

Disclaimer

This announcement does not constitute an offer for securities for sale or a solicitation of an offer to purchase securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore.