Business
Tender Offer
Close Brothers Group plc has launched a cash tender offer for its £200,000,000 2.00 per cent. Subordinated Tier 2 Notes, inviting holders to tender any and all notes for purchase at 99.150 per cent. of their nominal amount. This offer, part of active capital base management and contingent on a new issue of Tier 2 securities, provides liquidity to noteholders and an opportunity to redeploy funding. The offer is subject to a New Issue Condition, with settlement expected on February 4, 2026, and the expiration deadline for tenders set for February 2, 2026. Disclaimer*
About this update from Close Brothers Group Plc
[{"type":"text","content":"\n\nClose Brothers Group plc announces Cash Tender Offer for 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 (the Securities Act)) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE \"OFFER AND DISTRIBUTION RESTRICTIONS\" BELOW).\n26 January 2026. Close Brothers Group plc (the Offeror) announces today an 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 is being made on the terms and subject to the conditions (including, but not limited to, the New Issue Condition (as defined below)) contained in the tender offer memorandum dated 26 January 2026 (the Tender Offer Memorandum) prepared by the Offeror in connection with the Offer, and is subject to the offer restrictions set out below, as more fully described in the Tender Offer Memorandum. For detailed terms of the Offer, please refer to the Tender Offer Memorandum, copies of which are (subject to distribution restrictions) available from the Tender Agent as set out below. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum.\nSummary of the Offer\nA summary of certain of the terms of the Offer appears below:\n\n\n\n\nDescription\nof the Notes\n\n\nISIN /\nCommon Code\n\n\nOutstanding Nominal Amount\n\n\nReset Date*\n\n\nCoupon until the Reset Date\n\n\nPurchase Price\n\n\nAmount subjec...