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.
Michael Jones, Company Secretary, LV=
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.
LV= is a leading financial mutual and serves over 1.16 million members with a range of financial products. When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products. We offer our services direct to consumers, as well as through IFAs.
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.