REG - Virgin Money UK PLC - Notice to Noteholders

Virgin Money UKAnnouncement

09/04/2024 09:00

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RNS Number : 8433J  Virgin Money UK PLC  09 April 2024

 

 

Virgin Money UK PLC

("Issuer")

 

LEI: 213800ZK9VGCYYR6O495

9 April 2024

 

NOTICE TO NOTEHOLDERS

£250,000,000 9.25 per cent. Fixed Rate Reset Perpetual Subordinated
Contingent Convertible Notes

 

ISIN: XS1959441640

COMMON CODE: 195944164

 

NOTICE IS HEREBY GIVEN that, having received Supervisory Permission and
complied with the Regulatory Preconditions, the Issuer will redeem the Notes
in full on 8 June 2024 (the "Redemption Date") pursuant to Condition 8(b)
(Redemption at the Option of the Issuer) of the Notes. This redemption is
subsequent to the issuance of £350m 11.000 per cent. Fixed Rate Reset
Perpetual Subordinated Contingent Convertible Notes by the Issuer in December
2023, as a normal part of the Group's capital management.

As specified in the terms and conditions of the Notes, the Notes will be
redeemed at their principal amount together with interest accrued and unpaid
to (but excluding) the Redemption Date.

Following redemption of the Notes, (i) the Notes will be cancelled and no
further interest payments will be made, (ii) request will be made to the Irish
Stock Exchange for the listing of the Notes on the Official List of the Irish
Stock Exchange and admission to trading of the Notes on the Global Exchange
Market to be cancelled.

Unless otherwise defined in this notice, all terms used in this notice are as
defined in the terms and conditions of the Notes.

Announcement authorised for release by Lorna McMillan, Group Company Secretary

For further information please contact:

 Investors and Analysts
 Richard Smith                                    07748 399303
 Head of Investor Relations & Sustainability      richard.smith@virginmoney.com

 Company Secretary
 Lorna McMillan                                   07834 585436
 Group Company Secretary                          lorna.mcmillan@virginmoney.com

 Media Relations
 Press Office                                     0800 066 5998
                                                  press.office@virginmoney.com

 

 

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