REG - Tesco Corp Treasury Tesco Corp Trsry Svc Tesco PLC - Strategic partnership & sale of banking business

TescoAnnouncement

09/02/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240209:nRSI6275Ca&default-theme=true

RNS Number : 6275C  Tesco Corporate Treasury Services  09 February 2024

9 February 2024

 

Tesco CORPORATE TREASURY SERVICES PLC

Tesco CORPORATE TREASURY SERVICES EUROPE DAC

Tesco AGREES LONG-TERM STRATEGIC PARTNERSHIP WITH Barclays TO PROVIDE
CUSTOMERS WITH Tesco-BRANDED BANKING PRODUCTS AND SERVICES

EXISTING Tesco BANKING OPERATIONS TO BE SOLD TO Barclays WITH MAJORITY OF CASH
TO BE RETURNED TO SHAREHOLDERS

Tesco Corporate Treasury Services PLC (TCTS) and Tesco Corporate Treasury
Services Europe DAC (TCTSE) hereby note the announcement made by their
ultimate parent company, Tesco PLC, in respect of its entry into a long-term
strategic partnership with Barclays to provide Tesco-branded banking products
and services and the sale of its existing banking operations to Barclays (the
Announcement).

TCTS and TCTSE have made this announcement to ensure that holders of the
listed securities are fully appraised of Tesco PLC's Announcement.

A copy of the Announcement is available at:

https://www.londonstockexchange.com/news-article/TSCO/strategic-partnership-sale-of-banking-business/16325180
(https://www.londonstockexchange.com/news-article/TSCO/strategic-partnership-sale-of-banking-business/16325180)

To view the Announcement in full, please paste the above URL into the address
of your browser.

 

For enquiries, please contact:

 

Robert Welch, Company Secretary

Tesco PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

Tel: 07793 222569

 

Tesco Corporate Treasury Services PLC LEI Number: 21380018AJDKNF3A6712

Tesco Corporate Treasury Services Europe DAC LEI Number: 213800ESTST91B3U3P50

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISGZGGZNLZGDZG