REG - Shawbrook Group PLC - Tender Results: Fixed Rate Subordinated Notes 2030

Goldman SachsAnnouncement

02/06/2025 11:30

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RNS Number : 0051L  Shawbrook Group PLC  02 June 2025

 

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REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
SECURITIES ACT)) (U.S. PERSON) OR IN OR INTO THE UNITED STATES OF AMERICA, ITS
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OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE UNITED
STATES) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

 

Shawbrook Group plc

2 June 2025

 

TENDER OFFER RESULTS ANNOUNCEMENT

Further to its announcement dated 22 May 2025, Shawbrook Group plc (the
Offeror) announces today the results of its invitation to holders of its
outstanding £75,000,000 9 per cent. Fixed Rate Reset Callable Subordinated
Notes due 2030 (ISIN: XS2199260576) (the Notes) to tender any and all of their
Notes for purchase by the Offeror for cash, subject to the satisfaction (or
waiver) of the New Issue Condition (such invitation, the Offer).

The Offer was made on the terms and subject to the conditions contained in the
tender offer memorandum dated 22 May 2025 (the Tender Offer Memorandum)
prepared by the Offeror in connection with the Offer. Capitalised terms used
but not otherwise defined in this announcement shall have the meanings given
to them in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 30 May
2025. As at the Expiration Deadline, the Offeror had received valid tenders of
£30,214,000 in aggregate nominal amount of the Notes pursuant to the Offer.

The Offeror announces it will accept for purchase all Notes validly tendered
pursuant to the Offer.

Settlement of the issue of the New Notes will take place on 4 June 2025, and
the New Issue Condition will be satisfied following such settlement.

The Purchase Price the Offeror will pay for Notes validly tendered and
accepted for purchase pursuant to the Offer is a cash purchase price equal to
100.00 per cent. of their principal amount, and the Offeror will also pay an
Accrued Interest Payment in respect of such Notes.

Settlement of the purchase of the relevant Notes pursuant to the Offer is
expected to take place on 4 June 2025 after which £44,786,000 in aggregate
nominal amount of the Notes will remain outstanding.

Following redemption of the Notes tendered on 4 June 2025, application will be
made for the admission of such redeemed Notes to the Official List and to
trading on the Global Exchange Market of the Irish Stock Exchange plc, trading
as Euronext Dublin, to be cancelled.

Goldman Sachs International (Telephone: +44 20 7774 4836; Attention: Liability
Management Group; Email: liabilitymanagement.eu@gs.com) is acting as the
Dealer Manager for the Offer.

Kroll Issuer Services Limited (Telephone: +44 20 7704 0880; Attention: Owen
Morris; Email: shawbrook@is.kroll.com; Offer Website:
https://deals.is.kroll.com/shawbrook (https://deals.is.kroll.com/shawbrook) )
is acting as Tender Agent for the Offer.

LEI: 21380071539WSMTM4410

DISCLAIMER This announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire any securities is being made
pursuant to this announcement. The distribution of this announcement and/or
the Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement and/or the Tender Offer
Memorandum come(s) are required by each of the Offeror, the Dealer Manager and
the Tender Agent to inform themselves about, and to observe, any such
restrictions.

 

 

 

 

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