Shawbrook Group PLC Redemption of outstanding Tier 2 Notes due 2029
August 13 2024 - 10:58AM
RNS Regulatory News
RNS Number : 3159A
Shawbrook Group PLC
13 August 2024
Shawbrook Group plc (the
"Company")
Redemption by the Company of
its outstanding 6.50% Fixed Rate Reset Callable Subordinated Notes
due 2029 (ISIN: XS2058891917 (the "Notes"))
|
|
The Company has today given notice
to the holders of the Notes that it will fully redeem the
outstanding Notes on 27 September 2024 (the "Redemption Date") in
accordance with the terms and conditions of the Notes (the
"Conditions").
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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.
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Following redemption, the Notes will
be cancelled pursuant to the Conditions. Accordingly, application
will be made for the listing of the Notes and the admission of the
Notes to trading on the Quotation Board segment of the Open Market
(Freiverkehr) of the Frankfurt Stock Exchange to be cancelled on or
shortly after the Redemption Date.
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For
investor enquiries, please contact:
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Murray Long
|
Head of Investor
Relations
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murray.long@shawbrook.co.uk
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About Shawbrook
|
Shawbrook provides finance to a wide
range of customers who value the premium experience, flexibility
and certainty we deliver. We are a purpose-led organisation, with a
focus on delivering long-term sustainable value for all our
stakeholders.
We have a diversified offering, with
our innovative lending propositions tailored to meet specific
customer needs in carefully selected markets across SME, Real
Estate and Personal. Our innovative and specialist lending products
range from complex structured credit facilities for growth-focused
businesses to mortgages for professional landlords and property
investors, as well as simple loans for consumers delivered
digitally. We fuel our lending through customer deposits, which we
attract by delivering a premium experience, choice and consistently
great value to smart savers.
The business model we have created
is unique and difficult to replicate, with our 'best of both'
approach combining deep human expertise with advanced digital, tech
and data capabilities. This combination not only allows us to
deliver excellent customer experiences, but to do so efficiently
and at scale. We are proud of our innovative and agile culture,
which drives consistently high employee engagement scores and makes
Shawbrook an attractive destination for the best talent.
The Group's lending activities are
primarily funded by a stable retail deposit book consisting of easy
access and ISA accounts, variable rate notice accounts and fixed
rate fixed term accounts (mostly one - five years).
Shawbrook Bank Limited is an
operating entity of Shawbrook Group plc. Shawbrook Bank Limited is
authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation
Authority and is a member of the Financial Services Compensation
Scheme.
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