This page contains information regarding the offer of exchange of JLG Group PLC and Just Bridging Group PLC 2020 series debentures for 2023 or 2025 series debentures of JLG Group PLC.
The debenture exchange offer document sent to all debenture holders by post explains why we are offering to exchange your debentures for new ones albeit with a lower rate of interest and how to notify us as to what you want to do. The 2023 debenture has a fixed interest of 6.75% and the 2025 debenture 7.75%. We believe this is a very attractive rate compared to other products in the market given the now proven ability of the Group.
As explained in the offer document it is important to the development of the Group that this exchange takes place and we very much hope that you will continue the journey with us.
No. You can exchange all or some of your debentures. Subject to the minimum limits you could exchange some into 2023 debentures, some into 2025 and allow some of your existing debentures be repaid on maturity. .
The company has set up a help line on 0208 031 7123 and will do its best to help you understand and answer any questions that you have but it cannot give you any advice.
If you are in any doubt about the contents of the document and/or the action you should take, you should immediately consult your stockbroker, bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) ("FSMA") if you are in the United Kingdom or, if not, you should immediately consult another appropriately authorised independent professional adviser.