Transaction in Own Shares and CDIs

Virgin Money UK PLC

06 November 2023

 

Virgin Money UK PLC

LEI number: 213800ZK9VGCYYR6O495

ISIN: GB00BD6GN030

06 November 2023

Virgin Money UK PLC (the "Company")

Transaction in Own Shares and CDIs

The Company announces that on 03 November 2023 it had purchased a total of (a) 4,001 of its ordinary shares of £0.10 each (the "ordinary shares") on the London Stock Exchange, Chi-X Europe and/or BATS Europe through the Company's broker Citigroup Global Markets Limited and (b) 0 CHESS Depositary Interests ("CDIs"), each representing one ordinary share, on the Australian Securities Exchange through the Company's broker Citigroup Global Markets Australia Pty Limited, in each case as detailed below. The repurchased ordinary shares (including the CDIs, once transmuted into ordinary shares) will be cancelled.

	London Stock Exchange	Chi-X Europe	BATS Europe	Australian Securities Exchange
Number of ordinary shares/CDIs purchased on 03 November 2023	4,001	0	0	0
Highest price paid (per ordinary share/CDI) on 03 November 2023	£1.5805	-	-	-
Lowest price paid (per ordinary share/CDI) on 03 November 2023	£1.5780	-	-	-
Volume weighted average price paid (per ordinary share/CDI)	£1.5791	-	-	-

The purchases form part of the Company's share buyback programme announced on 02 August 2023 (the "Buyback"). The Buyback will be effected within the scope of the authority conferred on the Company at its February 2023 Annual General Meeting. The Buyback start date was 2 August 2023 and, in the case of CDIs bought back in Australia, the Buyback completed on 22 September 2023 and in the case of Shares being bought back in the UK the end date is anticipated to be no later than 22 November 2023.

The total number of ordinary shares and CDIs purchased up to and including the prior announcement was 27,002,736. As such, the Company has now bought back 27,006,737 ordinary shares and CDIs (in aggregate). In connection with the Buyback, the Company intends to repurchase up to £50 million of ordinary shares and CDIs (in aggregate).

Following settlement of the above purchases and cancellation of the purchased ordinary shares and CDIs, the Company's total number of ordinary shares in issue shall be 1,339,445,731, of which 678,531,632 will be represented by CDIs.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018, the detailed breakdown of individual trades made by Citigroup Global Markets Limited on behalf of the Company as part of the share buyback programme is set out below.

This announcement does not constitute, or form part of, an offer or solicitation of an offer for securities in any jurisdiction.

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

Schedule of Purchases - Individual Transactions

On XLON, CHIX or BATE:

Issuer name	Virgin Money UK PLC
LEI	213800ZK9VGCYYR6O495
ISIN	GB00BD6GN030
Intermediary Name	Citigroup Global Markets Limited
Intermediary Code	SBILGB2L
Time zone	GMT
Currency	GBP

Trade Date	Trade Time	Currency	Volume	Price	Trading Venue	Transaction ID
03-Nov-2023	12:11:58	GBP	763	157.95	XLON	x8K8H9i@TJZ
03-Nov-2023	12:06:10	GBP	253	158.05	XLON	x8K8H9i@Ooh
03-Nov-2023	10:36:10	GBP	429	157.90	XLON	x8K8H9i$JLt
03-Nov-2023	10:36:10	GBP	500	157.95	XLON	x8K8H9i$JLv
03-Nov-2023	10:36:10	GBP	113	157.95	XLON	x8K8H9i$JLx
03-Nov-2023	10:28:44	GBP	192	158.05	XLON	x8K8H9i$Seh
03-Nov-2023	10:28:44	GBP	356	158.05	XLON	x8K8H9i$Sej
03-Nov-2023	08:08:55	GBP	1,270	157.80	XLON	x8K8H9iuBlC
03-Nov-2023	08:08:55	GBP	125	157.80	XLON	x8K8H9iuBlE

 

END