Nationwide Building Society Redemption of PIBS (8163H)
November 19 2018 - 10:34AM
UK Regulatory
TIDMNBS TIDM96MN
RNS Number : 8163H
Nationwide Building Society
19 November 2018
Nationwide Building Society(1)
(the Society)
NOTICE
to the holders of the
GBP30,000,000 6.875 per cent. Permanent Interest Bearing Shares
(the PIBS)
originally issued by Cheshire Building Society
(ISIN: GB0033882084)
NOTICE IS HEREBY GIVEN by the Society to the PIBS holders that,
having obtained the Relevant Supervisory Consent, the Society will
redeem all the PIBS on 10 January 2019 pursuant to Condition 4(b)
of the Special Conditions of the PIBS.
The PIBS were originally issued by Cheshire Building Society on
10 December 2003. On 15 December 2008, all of the engagements of
Cheshire Building Society were transferred to the Society pursuant
to section 94 of the Building Societies Act 1986. With effect from
that date, the Society as the transferee of the engagements of
Cheshire Building Society assumed responsibility for repayment of
the PIBS.
In accordance with the terms of the PIBS, the Society shall
redeem the PIBS at their principal amount together with interest
accrued up to (but excluding) 10 January 2019.
Following redemption of the PIBS, (i) the PIBS will be cancelled
and no further interest payments will be made and (ii) request will
be made to the Financial Conduct Authority (the FCA) and to the
London Stock Exchange plc (the LSE) for the PIBS to be removed from
the Official List maintained by the FCA and for their admission to
trading on the LSE to be cancelled.
Unless otherwise defined in this Notice, terms used in this
Notice have the meanings given to them in the terms of the
PIBS.
Inside Information Notice
This announcement is released by Nationwide Building Society and
contains information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article
2 of Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Alex Wall, Head of Capital, Ratings &
Investor Relations of Nationwide Building Society.
For further information, please contact:
Nationwide Building Society
Alex Wall
Head of Capital, Ratings & Investor Relations
alexander.wall@nationwide.co.uk
020 7261 6568
Dated: 19 November 2018
[1] LEI: 549300XFX12G42QIKN82
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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