Just Group plc’s Restricted Tier 1 Capital Contingent Convertible Notes Issuance

Slaughter and May advised Just on its debut issuance of Restricted Tier 1 capital.

The £300,000,000 Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes have been admitted to listing and trading on the Euro MTF market of the Luxembourg Stock Exchange, and have been assigned a rating of BBB- by Fitch.

Barclays Bank PLC and NatWest Markets Plc acted as managers in respect of the offering.

The team was composed by financing partner Stephen Powell (partner) and included partner Caroline Phillips, David Hay (associate), Matthew Twaddle (associate), Jansy Man (associate), Xian Wei Yeo (associate); William Watson(partner), Jamshed Bilimoria (associate, both tax).

Involved fees earner: Jamshed Bilimoria – Slaughter and May; David Hay – Slaughter and May; Jansy Man – Slaughter and May; Caroline Phillips – Slaughter and May; Stephen Powell – Slaughter and May; Matthew Twaddle – Slaughter and May; William Watson – Slaughter and May; Xian Wei Yeo – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Just Group plc;