Bank of Nova Scotia Notice of Early Redemption of Debentures (8168G)
21 July 2023 - 7:39PM
UK Regulatory
TIDM0UKI
RNS Number : 8168G
Bank of Nova Scotia
21 July 2023
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("UK
MAR").
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR TO ANY
PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS
TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARANA
ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT
OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE
THIS ANNOUNCEMENT.
NOTICE OF EARLY REDEMPTION OF DEBENTURES
to the holders of
The Bank of Nova Scotia (the "Issuer")
U.S.$300,000,000
Floating Rate Subordinated Capital Debentures due 2085
(the "Debentures")
(ISIN: GB0000767771; Common Code 00007677)
LEI: L3I9ZG2KFGXZ61BMYR72
July 21, 2023
Reference is made to the terms and conditions of the Debentures
set out in a trust indenture dated as of August 21, 1986 (the
"Trust Indenture") constituting the Debentures. Capitalised terms
used in this notice (the "Notice") and not otherwise defined herein
shall have the meanings set out in the Trust Indenture.
The Issuer, having received the prior written approval from the
Office of the Superintendent of Financial Institutions Canada
(OSFI), hereby gives notice to the Debentureholders that it will
fully redeem U.S.$55,990,000 aggregate principal amount of the
Debentures, being all of the Debentures outstanding on August 31,
2023 (the "Early Redemption Date"), pursuant to Article Four of the
Trust Indenture. The Debentures will be redeemed on the Early
Redemption Date at a price equal to 100 per cent. of their
principal amount plus accrued but unpaid interest from, and
including, February 28, 2023 to but excluding the Early Redemption
Date. Interest on the Debentures shall cease to be payable from and
after the Early Redemption Date.
Payment in respect of the Debentures will be made through
Euroclear Bank SA/NV and Clearstream Banking ,S.A. in accordance
with standard procedures.
This announcement is released by The Bank of Nova Scotia and
contains information that qualified or may have qualified as inside
information within the meaning of Article 7 of UK MAR, encompassing
information relating to the redemption described above. For the
purposes of UK MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055 as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018,
amended, this announcement is made by Darren Potter, Managing
Director, Term Funding and Capital Management, at The Bank of Nova
Scotia
For further information:
Investor Relations Department
The Bank of Nova Scotia
Phone: (416)-775-0798
Email: investor.relations@scotiabank.com
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END
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July 21, 2023 05:39 ET (09:39 GMT)
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