REG - Co-Op. Bank Hldgs Co-Operative Bank - Notice of Redemption to Holders

Deutsche Boerse AGAnnouncement

15/10/2024 12:30

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RNS Number : 2639I  Co-Operative Bank Holdings PLC(The)  15 October 2024

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).

 

The Co-operative Bank Holdings p.l.c.

15 October 2024

 

Notice of Redemption to Holders

The Co-operative Bank Holdings p.l.c. (the Issuer) refers to its £200,000,000
Fixed Rate Reset Callable Notes due 2025 (ISIN: XS2263766078, such Notes
originally issued by The Co-operative Bank Finance p.l.c.), of which
£23,097,000 remain outstanding (the Notes).

Terms used but not defined in this announcement have the meanings given to
them in the Terms and Conditions of the Notes.

The Issuer refers to Condition 6.2 (Redemption on the Reset Date at the option
of the Issuer) whereby the Issuer may, subject to Condition 6.7, at its option
on the Reset Date, on not less than 30 nor more than 60 days' notice, redeem
all of the Notes that remain outstanding at an amount equal to their principal
amount, together with any unpaid interest accrued to (but excluding) the Reset
Date, in accordance with the Terms and Conditions of the Notes.

NOTICE IS HEREBY GIVEN that all of the outstanding Notes will be redeemed on
27 November 2024 (being the Reset Date) pursuant to Condition 6.2 (Redemption
on the Reset Date at the option of the Issuer). On the Reset Date, the Notes
will be redeemed in an amount equal to the principal amount outstanding of
such Notes, together with any unpaid interest accrued to (but excluding) the
Reset Date. Following the Reset Date, the Notes shall be cancelled.

Payment in relation to the Notes will be made in accordance with the usual
procedures of Clearstream, Luxembourg and/or Euroclear.

The Issuer hereby also gives notice that the listing of the Notes on the
Financial Conduct Authority's Official List and the admission of the Notes to
trading on the Main Market of the London Stock Exchange plc will be cancelled
on, or shortly after, 27 November 2024.

This announcement is released by the Issuer and contains information that
qualified or may have qualified as inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK
domestic law by virtue of the EUWA (UK MAR), encompassing information relating
to the Notes described above. For the purposes of UK MAR and the Implementing
Technical Standards, this announcement is made by Catherine Green, Company
Secretary of the Issuer.

LEI: 213800MY2BSP459O8A22

DISCLAIMER No offer or invitation to acquire any securities is being made
pursuant to this announcement. The distribution of this announcement in
certain jurisdictions may be restricted by law. Persons into whose possession
this announcement come(s) are required by the Issuer to inform themselves
about, and to observe, any such restrictions.

 

 

 

 

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