REG - Virgin Money UK PLC - Notice to Noteholders

Virgin Money UKAnnouncement

25/04/2024 09:00

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RNS Number : 9286L  Virgin Money UK PLC  25 April 2024

 

 

Virgin Money UK PLC

("Issuer")

 

LEI: 213800ZK9VGCYYR6O495

25 April 2024

 

NOTICE TO NOTEHOLDERS

£300,000,000 3.125 per cent. Fixed-to-Floating Rate Callable Senior Notes due
2025 (the "Notes") issued under the £10,000,000,000 Global Medium Term Note
Programme of the Issuer and Clydesdale Bank PLC

 

ISIN: XS1637124741

COMMON CODE: 163712474

 

NOTICE IS HEREBY GIVEN that the Issuer will redeem the Notes in full on 22
June 2024 (the "Optional Redemption Date") pursuant to Condition 9(B)
(Redemption at the option of the Issuer) of the Notes. This redemption is
subsequent to the issuance of €750,000,000 4.000 per cent. Fixed Rate Reset
Callable Senior Notes due 2028 issued by the Issuer in March 2024, as a normal
part of the Group's funding 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 Optional Redemption Date. Following redemption, the
Notes will be cancelled, and no further interest payments will be made.

Request will be made to (i) the Financial Conduct Authority ("FCA") to cancel
the listing of the Notes on the Official List of the FCA and (ii) to the
London Stock Exchange ("LSE") to cancel the admission to trading of the Notes
on the Main Market of the LSE, following redemption of the Notes.

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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