com:20091021:RnsU1499B
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RNS Number : 1499B  
  
Provident Financial PLC  
  
21 October 2009  
  
Provident Financial Investments Limited announces pricing and final results of 
the Offer in respect of the £100,000,000 7.125 per cent Subordinated Step-Up 
Bonds due 2015 issued by Provident Financial plc on 15 June 2005  
  
21 October 2009  
  
On 14 October 2009, Provident Financial Investments Limited (the "Offeror") 
announced an invitation to holders of the outstanding £100,000,000 7.125 per 
cent. Subordinated Step-Up Bonds due 2015 issued by Provident Financial plc on 
15 June 2005 (ISIN: XS0220965759) (the "Bonds") to submit tenders to sell their 
Bonds to the Offeror for cash, in an unmodified Dutch auction (the "Offer"). The 
Offer was made upon the terms and subject to the conditions contained in a 
tender offer memorandum dated 14 October 2009 (the "Tender Offer Memorandum") 
prepared in connection with the Offer.  
  
The Offer expired at 4.00 p.m. London time on Tuesday, 20 October 2009.  
  
The Offeror has accepted for purchase £94,021,000 in aggregate principal amount 
of Bonds validly tendered and not withdrawn in accordance with the terms and 
conditions of the Offer. The Bonds accepted for purchase in the Offer will be 
purchased at a purchase price of £975 per £1,000 in principal amount (the 
"Purchase Price"). The Offeror will also pay accrued but unpaid interest of 
£25.38 per £1,000 in principal amount on those Bonds accepted for purchase in 
accordance with the terms and conditions of the Offer, assuming settlement 
occurs as expected on 23 October 2009.  
  
Further Information  
  
The Offer is described in full in the Tender Offer Memorandum.  Lloyds TSB Bank 
plc and The Royal Bank of Scotland plc acted as joint dealer managers for the 
Offer.  Deutsche Bank AG, London Branch acted as the tender agent for the 
Offer.  
  
This announcement does not constitute an offer to purchase any securities or a 
solicitation of an offer to sell any securities.  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
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