HSBC Bank plc Pre Stabilisation Notice (1094Y)
01 December 2017 - 7:36PM
UK Regulatory
TIDM63AS TIDMDLG
RNS Number : 1094Y
HSBC Bank plc
01 December 2017
1(st) Dec 2017
Direct Line Insurance Group plc
Stabilisation Notice
HSBC (contact: 'synd manager'; telephone: +44 207 992 8066)
hereby gives notice, as Stabilisation Coordinator, that the
Stabilisation Manager(s) named below may stabilise the offer of the
following securities
The securities:
-----------------------------------------------------------
Issuer: Direct Line Insurance Group
plc
-------------------------- -------------------------------
Guarantor (if
any):
-------------------------- -------------------------------
Aggregate nominal
amount:
-------------------------- -------------------------------
Description: GBP Fixed Rate Reset Perpetual
Restricted Tier 1
Contingent Convertible Notes
-------------------------- -------------------------------
Offer price: tbc
-------------------------- -------------------------------
Other offer
terms:
-------------------------- -------------------------------
Stabilisation:
-----------------------------------------------------------
Stabilising HSBC (B&D) / Natwest Markets
Manager(s): / Deutsche Bank
-------------------------- -------------------------------
Stabilisation 1(st) Dec 2017
period expected
to start on:
-------------------------- -------------------------------
Stabilisation 1(st) Jan 2018
period expected
to end no later
than:
-------------------------- -------------------------------
Existence, maximum 5% of the aggregate nominal
size & conditions amount
of use of over-allotment
facility:
-------------------------- -------------------------------
Stabilisation Over the counter (OTC)
Venue(s)
-------------------------- -------------------------------
In connection with the offer of the above securities, the
Stabilisation Manager(s) may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilisation
Manager(s) will take any stabilisation action and any stabilisation
action, if begun, may be ended at any time. Any stabilisation
action or over-allotment shall be conducted in accordance with all
applicable laws and rules.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
In addition, if and to the extent that this announcement is
communicated in, or the offer of the securities to which it relates
is made in, any EEA Member State that has implemented Directive
2003/71/EC, as amended (together with any applicable implementing
measures in any Member State, the "Prospectus Directive") before
the publication of a prospectus in relation to the securities which
has been approved by the competent authority in that Member State
in accordance with the Prospectus Directive (or which has been
approved by a competent authority in another Member State and
notified to the competent authority in that Member State in
accordance with the Prospectus Directive), this announcement and
the offer are only addressed to and directed at persons in that
Member State who are qualified investors within the meaning of the
Prospectus Directive (or who are other persons to whom the offer
may lawfully be addressed) and must not be acted on or relied on by
other persons in that Member State.
This announcement and the offer of the securities to which it
relates are only addressed to and directed at persons outside the
United Kingdom and persons in the United Kingdom who have
professional experience in matters related to investments or who
are high net worth persons within article 12(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United
Kingdom.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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