Business
Result of Tender Offer
Close Brothers Group plc has announced the results of its cash tender offer for its £200,000,000 2.00 per cent. Subordinated Tier 2 Notes, with £191,380,000 aggregate nominal amount validly tendered for purchase. The company has decided to accept all tendered notes, and settlement is expected on February 4, 2026, leaving £8,620,000 in aggregate nominal amount of the notes outstanding. Disclaimer*
About this update from Close Brothers Group Plc
[{"type":"text","content":"\n\nClose Brothers Group plc announces results of its Cash Tender Offer\nfor its £200,000,000 2.00 per cent. Subordinated Tier 2 Notes\nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).\nNOT FOR RELEASE, PUBLICATION OR 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 OR THE DISTRICT OF COLUMBIA (the United States) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n3 February 2026. Close Brothers Group plc (the Offeror) announces today the results of its invitation to holders of its outstanding £200,000,000 2.00 per cent. Subordinated Tier 2 Notes (ISIN: XS2351480566) (the Notes) to tender any and all such Notes for purchase by the Offeror for cash (such invitation, the Offer).\nThe Offer was announced on 26 January 2026 and was made on the terms and subject to the conditions (including, but not limited to, the New Issue Condition) contained in the tender offer memorandum dated 26 January 2026 (the Tender Offer Memorandum). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.\nThe Expiration Deadline for the Offer was 4.00 p.m. (London time) on 2 February 2026. As at the Expiration Deadline, £191,380,000 in aggregate nominal amount of the Notes were validly tendered for purchase pursuant to the Offer.\nThe Offeror announces that it has decided to accept for purchase all Notes validly tendered for pursuant to the Offer.\nSubject to the satisfaction, or waiver, of the New Issue Condition, the expected Settlement Date for the Offer is 4 February 2026. Following settlement of the Offer, £8,620,000 in aggregate nominal amount of the Notes will remain outstanding.\nMerrill Lynch International (Attention: Liability Management Group...