Notice to Security Holders

RNS Number : 5684L

Virgin Money UK PLC

13 September 2021

 

Virgin Money UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

13 September 2021

NOTICE TO SECURITYHOLDERS

£230,000,000 Fixed Rate Resettable Additional Tier 1 Securities

ISIN: XS1516312409

COMMON CODE: 151631240

NOTICE IS HEREBY GIVEN that, having received Regulatory Approval and complied with the Regulatory Preconditions, the Issuer will redeem the Securities in full on 10 November 2021 (the Redemption Date) pursuant to Condition 7.2 (Redemption at the Option of the Issuer) of the Securities. This redemption is subsequent to the issuance of £300m 2.625% Fixed Rate Reset Callable Subordinated Tier 2 Capital Notes by the Company in May 2021, as a normal part of the Group's capital management.

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

Following redemption of the Securities, (i) the Securities will be cancelled and no further interest payments will be made, (ii) request will be made to the Euro MTF market of the Luxembourg Stock Exchange for the listing and admission to trading of the Securities on the Euro MTF market of the Luxembourg Stock Exchange to be cancelled and (iii) request will be made to the International Securities Market of the London Stock Exchange ("ISM") for the listing and admission to trading of the Securities on the ISM 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 Securities.

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

Enquiries

Investors and Analysts
Richard Smith	07748 3399303
Head of Investor Relations	[e-mail]
Company Secretary
Lorna McMillan	07834 585436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

 

END

 

 

MSCKXLBFFKLLBBX