Redemption of Notes

RNS Number : 4825U

Virgin Money UK PLC

28 March 2023

 

Virgin Money UK PLC

("Issuer")

LEI: 213800ZK9VGCYYR6O495

28 March 2023

NOTICE TO NOTEHOLDERS

€500,000,000 0.375 per cent. Fixed Rate Reset Callable Senior Notes due 2024 (the "Notes") issued under the £10,000,000,000 Global Medium Term Note Programme of the Issuer and Clydesdale Bank PLC

ISIN: XS2346591113

COMMON CODE: 234659111

NOTICE IS HEREBY GIVEN that the Issuer will redeem the Notes in full on 27 May 2023 (the "OptionalRedemption Date") pursuant to Condition 9(b) (Redemption at the Option of the Issuer) of the Notes. This redemption is subsequent to the issuance of €500,000,000 4.625 per cent. Fixed Rate Reset Callable Senior Notes by the Issuer in February 2023, 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	[e-mail]
Company Secretary
Lorna McMillan	07834 585436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

 

END

 

 

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