Centrica plc, a London Stock Exchange-listed company, has announced a stabilisation period for its GBP 12-yr-Non-Call-6-year FXD Subordinated Notes. The period, expected to start on 14th May 2024 and end no later than 14th June 2024, will be managed by J.P. Morgan Securities plc as the Stabilisation Coordinator, along with Barclays, NatWest Markets, and Societe Generale as Stabilisation Managers. The Stabilisation Manager(s) may over-allot the securities in an amount not exceeding 5% of the aggregate nominal amount stated above. Stabilisation trading venue is over the counter, and the announcement emphasizes that stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time.
The announcement clarifies that it 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. It is 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. Additionally, it specifies that if the announcement is communicated in, or the offer of the securities is made in, any EEA Member State that has implemented Directive 2003/71/EC, it is only addressed to and directed at qualified investors within the meaning of the Prospectus Directive and must not be acted on or relied on by other persons in that Member State.