11 April 2025
NOTICE OF ISSUER CALL
British Telecommunications public limited company
(LEI: 549300OWFMSO9NYV4H90)
€500,000,000 Capital Securities due 2080 (the "Securities")
(ISIN: XS2119468572)
NOTICE IS HEREBY GIVEN by British Telecommunications public limited company (the "Issuer") that the Securities will be fully redeemed by the Issuer on 19 May 2025 (the "Redemption Date"), in accordance with Condition 7(b) (Issuer's Call Option)) of the Terms and Conditions of the Securities. The Securities will be redeemed on the Redemption Date at 100 per cent. of their principal amount, being €1,000 per Calculation Amount of €1,000, together with accrued and unpaid interest from, and including, 18 August 2024 to, but excluding, the Redemption Date (the "Redemption Amount").
Payment of the Redemption Amount will be made on the Redemption Date through Euroclear Bank SA/NV and Clearstream Banking S.A. Accordingly, any interest in respect of the Securities shall cease to accrue on and after the Redemption Date. The listing of the Securities on the Financial Conduct Authority's Official List and the admission of the Securities to trading on the London Stock Exchange's main market will be cancelled on, or around, the Redemption Date.
Further information
The redemption of the Securities was pre-funded by the Issuer's issue of €750,000,000 NC5.5 Capital Securities due October 2054 under its €20,000,000,000 Euro Medium Term Note Programme on 3 April 2024.
Questions regarding this Notice of Issuer Call should be directed to the Issuer at:
British Telecommunications public limited company
1 Braham Street
London E1 8EE
For the attention of: Andrew Binnie (Group Treasury Director)
This announcement is released by British Telecommunications public limited company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of the UK MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, this announcement is made by Andrew Binnie, Group Treasury Director of British Telecommunications public limited company.
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