Virgin Money UK PLC Maximum Acceptance Amount to Tender Offer (8670X)
September 02 2020 - 11:54AM
UK Regulatory
TIDMVMUK TIDM91XR
RNS Number : 8670X
Virgin Money UK PLC
02 September 2020
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM,
AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY
STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA)
(THE "UNITED STATES") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT
IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
2 September 2020
Virgin Money UK PLC
(incorporated with limited liability in England and Wales with
Registered Number 09595911)
ANNOUNCES MAXIMUM ACCEPTANCE AMOUNT IN RELATION TO TENDER OFFER
TO PURCHASE NOTES FOR CASH
Further to the announcement dated 1 September 2020 in relation
to the invitation of Virgin Money UK PLC (the "Issuer) to holders
of its GBP475,000,000 5 per cent. Fixed Rate Reset Callable
Subordinated Tier 2 Notes due 2026 (ISIN: XS1346646901) (the
"Notes"), to tender such Notes for purchase by the Issuer for cash,
the Issuer hereby confirms that the Maximum Acceptance Amount is
GBP475,000,000. Capitalised terms used and not otherwise defined in
this announcement have the meanings given in the tender offer
memorandum prepared by the Issuer dated 1 September 2020 (the
"Tender Offer Memorandum").
FURTHER INFORMATION
Noteholders are advised to read carefully the Tender Offer
Memorandum for full details of and information on the conditions of
and procedures for participating in the Offer.
The Issuer is not under any obligation to accept for purchase
any Notes tendered pursuant to the Offer. The acceptance for
purchase by the Issuer of Notes tendered pursuant to the Offer is
at the sole discretion of the Issuer and tenders may be rejected by
the Issuer for any reason.
A complete description of the terms and conditions of the Offer
is set out in the Tender Offer Memorandum. Any questions or
requests for assistance in connection with: (i) the Offer, may be
directed to the Dealer Managers; and (ii) the delivery of Tender
Instructions or requests for additional copies of the Tender Offer
Memorandum or related documents, which may be obtained free of
charge, may be directed to the Tender Agent, the contact details
for each of which are set out below.
Dealer Managers
BNP Paribas Lloyds Bank Corporate Markets plc
16, boulevard des Italiens 10 Gresham Street
75009 Paris London
France EC2V 7AE
United Kingdom
Telephone: +44 (0) 20 7158 1719/1726
Telephone: +33 1 55 77 78 94 Attention: Liability Management Team, Capital Markets
Attention: Liability Management Group Email: liability.management@lloydsbanking.com
Email: liability.management@bnpparibas.com
Merrill Lynch International NatWest Markets Plc
2 King Edward Street 250 Bishopsgate
London London
EC1A 1HQ EC2M 4AA
United Kingdom United Kingdom
Telephone: +44 20 7996 5420
Attention: Liability Management Group Telephone: +44 207 678 5222
Email: DG.LM-EMEA@bofa.com Attention: Liability Management
Email: liabilitymanagement@natwestmarkets.com
Tender Agent
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London
WC1H 8HA
United Kingdom
Telephone: +44 20 7704 0880
Attention: Owen Morris
Email: virginmoney@lucid-is.com
Announcement authorised for release by Lorna McMillan, Group
Company Secretary.
DISCLAIMER
This announcement must be read in conjunction with the Tender
Offer Memorandum. No offer to acquire or exchange any securities is
being made pursuant to this announcement. This announcement and the
Tender Offer Memorandum contain important information, which must
be read carefully before any decision is made with respect to the
Offer. If any Noteholder is in any doubt as to the action it should
take, it is recommended to seek its own financial, legal and any
other advice, including in respect of any tax financial,
accounting, regulatory and tax consequences, immediately from its
broker, bank manager, solicitor, accountant or other independent
financial, tax or legal adviser. Any individual or company whose
Notes are held on its behalf by a broker, dealer, bank, custodian,
trust company or other nominee must contact such entity if it
wishes to participate in the Offer. None of the Issuer, the Dealer
Managers or the Tender Agent or their respective directors,
employees or affiliates makes any recommendation as to whether
Noteholders should participate in the Offer and none of the Issuer,
the Dealer Managers or the Tender Agent nor any of their respective
affiliates will have any liability or responsibility in respect
thereto.
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END
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September 02, 2020 11:54 ET (15:54 GMT)
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