Notice of Redemption

RNS Number : 6441L

Coventry Building Society

09 September 2019

 

Coventry Building Society

(the Issuer)

NOTICE

to the holders of the

£400,000,000 Perpetual Contingent Convertible Additional Tier 1 Capital Securities

(ISIN: XS1079786239 / Common Code: 107978623 / Swiss Security Number: 24.732.035)

(the Securities)

NOTICE IS HEREBY GIVEN by the Issuer to the Securityholders that, having obtained the consent of the Regulator, the Issuer will redeem the outstanding Securities in full on 1 November 2019 pursuant to Condition 7.2 (Society's option to repay) of the Securities.

As specified in the terms and conditions of the Securities, the Securities shall be redeemed at their nominal amount, together with accrued and unpaid interest to (but excluding) 1 November 2019.

Following redemption of the Securities, (i) the Securities will be cancelled and no further interest payments will be made and (ii) request will be made to the SIX Swiss Exchange for the listing and admission to trading of the Securities on the SIX Swiss Exchange to be cancelled.

Unless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the terms and conditions of the Securities.

MARKET ABUSE REGULATION

This announcement is released by Coventry Building Society 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 (MAR), encompassing information relating to the redemption of the Securities described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Thomas Crane, general Counsel and Secretary of Coventry Building Society.

For further information, please contact:

Coventry Building Society

Thomas Crane

General Counsel and Secretary

Coventry Building Society

Telephone: [phone]

Dated:  9^th September 2019

 

END

 

 

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