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RNS Number : 7069F

Morgan Stanley & Co. Int'l plc

18 November 2020

18 November 2020

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

Permanent TSB Group Holdings p.l.c.

Pre-stabilisation Period Announcement

Morgan Stanley & Co. International plc (contact: Morgan Stanley Debt Syndicate - Matteo Benedetto; telephone: +442076773409) hereby gives notice, as Coordinating Stabilisation Manager, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014.

 
 Securities 
 Issuer:                            Permanent TSB Group Holdings p.l.c. 
                                   ------------------------------------------- 
 G ua ran tor (if any ):            N/A 
                                   ------------------------------------------- 
 Aggregate nominal amount:          EUR [ -- ] 
                                   ------------------------------------------- 
 D escr ipt ion:                    EUR [--] Fixed Rate Reset Additional 
                                     Tier 1 Perpetual Contingent Temporary 
                                     Write Down Securities 
                                   ------------------------------------------- 
 O ff er pr ice:                    [ -- ] 
                                   ------------------------------------------- 
 Stabilisation 
 Stabilisation Manager(s):          Morgan Stanley & Co. International 
                                     plc 
                                     Goldman Sachs International 
                                     J&E Davy 
                                     NatWest Markets Plc 
                                   ------------------------------------------- 
 Stab i l is a ti on pe riod        18 November 2020 
  expect ed to s tart on: 
                                   ------------------------------------------- 
 Stab i l is a ti on pe riod        25 December 2020 
  expect ed to end no later than: 
                                   ------------------------------------------- 
 E x i s t ence, max i mum s        The Stabilisation M anager(s) m a 
  ize and cond i tions of use        y over -all ot the secu r i t ies 
  of over -all o t ment fac i        to the extent pe r mi tt ed in accordance 
  l it y:                            w ith appl icab le laws and rules. 
                                   ------------------------------------------- 
 Stabilisation trading venue:       Global Exchange Market of Euronext 
                                     Dublin. Unregulated Market 
                                   ------------------------------------------- 
 

In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease 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.

I n addition, if and to the ex tent t hat this announcem ent is communi cated i n, or the offer of the secu r i ti es to which it r e l a t es is made i n, any EEA M e mber State or the United Kingdom (each, for the purposes of this provision, a "Relevant State") before t he pub li cat ion of a pr o spec tus in r e l a tion to t he s ecur i t ies which has been approved by the competent author i ty in t hat Relevant St a te in acco rdance w ith Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or which has been approved by a compe tent au thor ity in another Relevant State and not i f ied to the compet ent aut hor i ty in that Relevant S t a te in acco r dance w ith the Prospect us Regulation), this announcement and t he offer are only addressed to and di rected at pers ons in that Relevant S tate who a re qua li f i ed investors w ithin the m eaning of the P rospec tus Regulation (or who are o ther per sons to whom the offer m ay lawful ly be addres sed) and must not be ac ted on or r e li ed on by other pe rsons in that Relevant Stat e.

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.

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