Business
Consent Solicitation Early Consent Deadline
Consent Solicitation Early Consent Deadline.
About this update from Nationwide Building Society
[{"type":"text","content":"\n \nRNS Number : 9809D Nationwide Building Society 06 February 2018 \n\n \nNationwide Building Society\n(incorporated in England under the Building Societies Act 1986, as amended)\nupdate regarding the consent solicitation and proposal to all holders (the Noteholders) of its outstanding\n€750,000,000 6.75 per cent. Subordinated Notes due 22 July 2020 (ISIN: XS0527239221) (the Notes)\n6 February 2018. On 25 January 2018, Nationwide Building Society (the Society) announced an invitation (the Consent Solicitation) to holders of the Notes to consent to the modification of the terms and conditions of the Notes (the Conditions) and the Trust Deed constituting the Notes, as proposed by the Society (the Proposal) for approval by an extraordinary resolution (an Extraordinary Resolution) at a meeting of the Noteholders (the Meeting), all as further described in the Consent Solicitation Memorandum prepared by the Society dated 25 January 2018 (the Consent Solicitation Memorandum). Capitalised terms used and not otherwise defined in this announcement have the meaning given in the Consent Solicitation Memorandum.\nThe Early Consent Deadline for the Consent Solicitation was 4.00 p.m. (London time) on 5 February 2018. As at the Early Consent Deadline, Solicitation Instructions had been received in respect of 79.31 per cent. of the aggregate principal amount of the Notes outstanding, of which 99.62 per cent. are instructions in favour of the Extraordinary Resolution.\nAccordingly, subject to any revocation of Solicitation Instructions in the limited circumstances in which revocation is permitted as described in the Consent Solicitation Memorandum, the Meeting of Noteholders convened for 10.00 a.m. (London time) on 20 February 2018 will be quorate and the Extraordinary Resolution will be passed.\nThe Society will announce the results of the Meeting as soon as reasonably practicable after the Meeting.\nFurther details on the transaction can be obtained from:\nTHE SOLICITATION AGENTS\n\n\n\n\nBNP Paribas\n10 Harewood Avenue\nLondon NW1 6AA\nUnited Kingdom\n \nTelephone: +44 20 7595 8668\nAttention: Liability Management Group\nEmail: [email protected]\n\n\nUBS Limited5 Broadgate\nLondon EC2M 2QS\nUnited Kingdom\n \nTelephone: +44 20 7568 2133\nAttention: Liability Management Group\nEmail: ol-l...