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Bradford&Bingley PLC (BB.)

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Monday 29 September, 2008

Bradford&Bingley PLC

Public Ownership & Sale of Sa

RNS Number : 5189E
Bradford & Bingley PLC
29 September 2008
 





Bradford & Bingley plc


Public Ownership and Sale of Savings Business


29 September 2008


The Board of Bradford & Bingley plc ("Bradford & Bingley", "the Company" or "the Group"note the announcement by H M Treasury that it has today acquired all the shares in Bradford & Bingley, that all share options and other entitlements to shares issued by the Company have been extinguished and that the Group's savings business and branches have been transferred to the Banco Santander group ("Santander"), in each case, by way of a Transfer Order made under the Banking (Special Provisions) Act 2008.


Santander is a group of banking and financial companies that operates through a network of offices and subsidiaries across Spain and other European and Latin American countries (including the United Kingdom).  With the transfer of our savings business to Santander, savings customers can be confident that their money is secure in a well funded bank. The rest of the Group's business, including the mortgage operation, has been taken into public ownership by the Government. Mortgage customers should continue to make payments as usual. Both the savings business and mortgage operations will continue to operate as normal through these changes and branches, ATMs and on-line accounts will all be operating as usual.




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Further information


Further information on the Group and its business is available from the Company's website www.bbg.co.uk.



Enquiries


For further information please contact:

Investor Relations

Katherine Conway

+44 (0) 1274 554928

Neil Vanham

+44 (0) 1274 806341

Media Relations

Matthew Newton Finsbury

+44 (0) 20 7251 3801

Nickie Aiken, Press Office

+44 (0) 20 7067 5645





This information is provided by RNS
The company news service from the London Stock Exchange
 
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