Wm Morrison Supermarkets
Limited
THIS ANNOUNCEMENT CONTAINS
INFORMATION THAT QUALIFIES, OR MAY QUALIFY, 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 CODE XS1083226321) (the "Notes")
20 September 2024
Intended Early Redemption and
Cancellation of the Listing of the Notes
Wm Morrison Supermarkets Limited
(the "Issuer") hereby
announces that it has resolved to exercise its make-whole call
option (the "Issuer Call
Option") in respect of all the outstanding Notes issued
under the £3,000,000,000 Euro Medium Term Note Programme at a
Make-Whole Redemption Amount to be determined pursuant to Clause
6.4 of the terms and conditions of the Notes (the "Conditions"), as supplemented by the
Final Terms dated 2 July 2014 (the "Redemption"). As of the date of this
announcement, the outstanding aggregate principal amount of the
Notes is £4,729,000. Pursuant to the exercise of the Issuer Call
Option, the Issuer intends to redeem all the outstanding Notes
on 24 October 2024,
which shall be the Make-Whole Redemption Date for the purposes of
the Redemption. The Issuer will notify the holders of the Notes of
the Make-Whole Redemption Amount by no later than
22 October 2024. Pursuant
to Condition 6.9 of the Notes, all Notes redeemed will be cancelled
and, accordingly, the Issuer will request that the Financial
Conduct Authority ("FCA")
cancel the listing of all outstanding Notes on the Official List of
the FCA on or about the Redemption Date (the "Cancellation").
Unless otherwise defined herein,
defined terms used have the meanings given to them in the
Conditions.
LEI Number (Wm Morrison Supermarkets
Limited 213800IN6LSRGTZSOS29)
For the purposes of
the Market Abuse Regulation (EU) 596/2014
("MAR") 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 MAR as
regards Commission Implementing Regulation
(EU) 2016/1055, this announcement is made by Jonathan Burke, the
Company Secretary of Wm Morrison Supermarkets Limited.
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