Shawbrook Group PLC Redemption of outstanding Tier 2 Notes due 2025 (7549Z)
September 22 2020 - 8:25AM
UK Regulatory
TIDM55TM
RNS Number : 7549Z
Shawbrook Group PLC
22 September 2020
Shawbrook Group plc (LEI: 21380071539WSMTM4410)
Redemption by Shawbrook Group plc ("Shawbrook") of its
outstanding 8.50% Fixed Rate Reset Callable Subordinated Notes due
2025 (ISIN: XS1303933573) (the "Notes")
Following settlement of the tender offer made earlier this year
in respect of the Notes, the results of which were announced by
Shawbrook on 8 July 2020, there remains outstanding GBP200,000 in
aggregate principal amount of the Notes. Shawbrook has today given
notice to the holders of the Notes that it will fully redeem the
outstanding Notes on 28 October 2020 (the "Redemption Date") in
accordance with the terms and conditions of the Notes (the
"Conditions").
The Notes will be redeemed at 100 per cent. of their principal
amount together with any unpaid interest accrued up until (but
excluding) the Redemption Date.
Following redemption, the Notes will be cancelled pursuant to
the Conditions. Accordingly, application will be made for the
listing of the Notes on the Official List of the FCA and the
admission of the Securities to trading on the Regulated Market of
the London Stock Exchange to be cancelled on, or shortly after, the
Redemption Date.
For further information please contact:
Shawbrook Group plc
Lutea House, Warley Hill Business Park, The Drive, Great Warley,
Brentwood, Essex CM13 3BE
Telephone: +44 (0)1277 897354
Email: CompanySecretary@shawbrook.co.uk
Website: www.shawbrook.co.uk
END.
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