21/02/2006
Issue of Further Notes
Dignity plc is pleased to announce that its subsidiary Dignity Finance plc has today issued £45.5 million Class A Fixed Rate Notes due 2023 (of which £42.5m of principal is outstanding) and £32.5 million Class B Fixed Rate Notes due 2031. Both classes of notes were issued at a premium to their nominal value. Total proceeds after fees amount to approximately £86m.
As previously advised Dignity plc intends to return approximately £80 million (£1 per share) to shareholders by way of the issue and redemption of B shares. Under the terms of the existing Notes the transfer of funds from the Dignity (2002) Ltd securitised sub-group cannot be made until August 2006. A circular containing full details of the proposals, including a detailed timetable, will be sent to shareholders in due course
Enquiries:
Suzanne Brocks
Buchanan Communications
Tel: 020 7466 5000
Richard Portman
Company Secretary
Dignity plc
Tel: 0121 321 5602
Richard Portman, Company Secretary