TIDMSSE

RNS Number : 7094F

SSE PLC

24 February 2015

24(th) February 2015

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

SSE PLC

Stabilisation Notice

Morgan Stanley & Co. International plc (contact: Morgan Stanley Debt Syndicate - Dolph Habeck; telephone: +44 20 7677-4094) as Coordinating Stabilisation Manager hereby gives notice that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

 
 The securities: 
------------------------------------------------------------------------ 
 Issuer:                     SSE PLC 
--------------------------  -------------------------------------------- 
 Aggregate nominal           Approx. GBP1.2bn equivalent 
  amount: 
--------------------------  -------------------------------------------- 
 Description:                Sterling and Euro Hybrid Capital securities 
                              (THE "NOTES") 
--------------------------  -------------------------------------------- 
 Offer price:                TBD 
--------------------------  -------------------------------------------- 
 Stabilisation: 
------------------------------------------------------------------------ 
 Stabilising Managers:       MORGAN STANLEY & CO. INTERNATIONAL PLC 
                              (Coordinating Stabilisation Manager) 
                              BARCLAYS BANK PLC 
                              BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 
                              BNP PARIBAS 
                              LLOYDS BANK PLC 
                              BANCO SANTANDER, S.A. 
                              BANK OF CHINA LIMITED, LONDON BRANCH, 
                              CREDIT SUISSE SECURITIES 
                              (EUROPE) LIMITED 
                              MERRILL LYNCH INTERNATIONAL 
                              MITSUBISHI UFJ SECURITIES INTERNATIONAL 
                              PLC 
                              NATIONAL AUSTRALIA 
                              BANK LIMITED ABN 12 004 044 937 
                              RBC EUROPE LIMITED 
                              THE ROYAL BANK OF SCOTLAND PLC 
--------------------------  -------------------------------------------- 
 Stabilisation period        24(th) February 2015 
  expected to start 
  on: 
--------------------------  -------------------------------------------- 
 Stabilisation period        23(rd) March 2015 
  expected to end no 
  later than: 
--------------------------  -------------------------------------------- 
 Existence, maximum          The Stabilising Managers may over-allot 
  size and conditions         the securities to the extent permitted 
  of use of over-allotment    in accordance with applicable law. 
  facility: 
--------------------------  --------------------------------------------

In connection with the offer of the above securities, the Stabilising Managers may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Managers will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement 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.

This announcement and the offer of the securities to which it relates are only addressed to and 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 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ISESEIFSLFISEDE

Sse (LSE:SSE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Sse Charts.
Sse (LSE:SSE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Sse Charts.