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SUNCORP GROUP LIMITED — Capital/Financing Update 2018
Oct 8, 2018
65879_rns_2018-10-08_9f43975b-5152-4a01-b0e2-f130dd382652.pdf
Capital/Financing Update
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ASX announcement
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9 October 2018
Redemption of SUNPD Suncorp Subordinated Notes
Further to the announcement on 20 September 2018, Suncorp Group Limited (ASX: SUN | ADR: SNMCY) ( Suncorp ) today confirms that it will redeem all outstanding SUNPD Suncorp Subordinated Notes ( Notes ) on the Optional Redemption Date of 22 November 2018, in accordance with the Note Conditions[1] .
On 22 November 2018, each holder of Notes will receive the face value of A$100 plus the final interest payment of A$1.2111 (together, the Redemption Amount ) for each Note held on 14 November 2018 (the record date for payment of the Redemption Amount)[2] .
The last day of trading of Notes on the Australian Securities Exchange ( ASX ) will be 12 November 2018.
This ASX announcement, including the attached redemption notification, constitutes notice of the redemption of Notes to all Note Holders, the Trustee and the Registrar in accordance with the Note Conditions. A redemption notice will also be sent to all Note Holders.
The Australian taxation consequences in relation to the redemption and final interest payments may vary according to individual circumstances. It is recommended that Note Holders seek independent tax advice.
ENDS
Definitions
Unless otherwise defined, capitalised words used in this announcement have the meanings given to them in the Note Conditions.
For more information contact:
Media Jo Starr +61 437 771 872 [email protected] Analysts/Investors Kelly Hibbins +61 414 609 192 +61 2 8121 9208 [email protected]
1 The Note Conditions are set out in the Replacement Prospectus dated 18 April 2013, available at www.suncorpgroup.com.au/investors/securities/SUNPD/documents
2 Payment of the Redemption Amount remains subject to the Note Conditions.
Suncorp Group Ltd - ABN 66 145 290 124 – Level 28, 266 George Street, Brisbane Qld 4000 1 suncorpgroup.com.au
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Suncorp Group Limited ABN 66 145 290 124
Please direct all registry communications to: Link Market Services Limited PO Box A50 Sydney South NSW 1235 Australia Telephone: 1300 882 012 Outside Australia: +61 2 8767 1219 ASX Code: SUNPD Email: [email protected] Website: www.linkmarketservices.com.au Company website: www.suncorpgroup.com.au
9 October 2018
Notice of redemption of Suncorp Group Limited Subordinated Notes (ASX:SUNPD)
Dear Investor
Suncorp Group Limited has elected to redeem all Suncorp Group Limited Subordinated Notes (SUNPD) ( Notes ) on the Optional Redemption Date of 22 November 2018, in accordance with the Note Conditions[1] .
On 22 November 2018 you will be paid the face value of A$100 plus a final interest payment of A$1.2111 (together, the Redemption Amount ) for each Note you hold on 14 November 2018 (the record date for payment of the Redemption Amount)[2] . The interest will be for the period from 22 August 2018 to 21 November 2018, inclusive.
Payment of the Redemption Amount will be made in the same manner you have elected to receive your quarterly SUNPD interest payments. You do not need to take any action in response to this notice unless you wish to amend your account details. Any changes must be made before 5.00pm (Sydney time) on 14 November 2018.
You may sell your Notes on the Australian Securities Exchange ( ASX ) at the prevailing market price on or before 12 November 2018, which will be the last trading date for SUNPD. You will not be entitled to receive the Redemption Amount for Notes sold on or before 12 November 2018.
The Australian taxation consequences in relation to the redemption and final interest payments may vary according to your individual circumstances. It is recommended that you seek your own independent tax advice.
This notice is issued in accordance with Conditions 4.2 and 4.3 of the Note Conditions[1] . For further information, please visit www.suncorpgroup.com.au/investors/securities/SUNPD or contact the Suncorp Investor Relations team via email to [email protected].
Kind regards Kelly Hibbins EGM Investor Relations
1 The Note Conditions are set out in the Replacement Prospectus dated 18 April 2013, available at www.suncorpgroup.com.au/investors/securities/SUNPD/documents
2 Payment of the Redemption Amount remains subject to the Note Conditions.