Business

Consent Solicitation - Results (XS2343851510)

Consent Solicitation - Results (XS2343851510).

articleNationwide Building SocietyJune 25, 20254/company/nationwide-building-society/news/consent-solicitation-results-xs2343851510
Consent Solicitation - Results (XS2343851510)

About this update from Nationwide Building Society

[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE \"SECURITIES ACT\")) (\"U.S. PERSON\") OR IN OR INTO OR TO ANY PERSONS 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 AND THE DISTRICT OF COLUMBIA) (THE \"UNITED STATES\") OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n25 June 2025\n\nVirgin Money UK PLC\n (incorporated with limited liability in England and Wales with registered number 09595911)\n Legal Entity Identifier (LEI): 213800ZK9VGCYYR6O495\nANNOUNCEMENT\nTo the Holders of its Outstanding\n£300,000,000 2.625 per cent. Fixed Rate Reset Callable Subordinated Tier 2 Capital Notes due 2031 (XS2343851510)\n(the \"Existing Tier 2 Notes\")\nOn 3 June 2025, Virgin Money UK PLC (the \"Issuer\") announced invitations to eligible holders of its outstanding Existing Tier 2 Notes to consider and, if thought fit, approve certain Proposals, being  the substitution of the Issuer as principal debtor under the Existing Tier 2 Notes and certain other modifications of the terms and conditions (the \"Conditions\") of the Existing Tier 2 Notes, by way of an extraordinary resolution of the holders of the Existing Tier 2 Notes (the \"Extraordinary Resolution\"), all as further described in the consent solicitation memorandum dated 3 June 2025 (the \"Consent Solicitation Memorandum\"). Capitalised terms used in this notice and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.\nNOTICE IS HEREBY GIVEN to the holders of the Existing Tier 2 Notes that, at the Meeting of such holders held at the offices of Clifford Chance LLP, 10 Upper Bank Street, London E14 5JJ on 25 June 2025 at 10.00 a.m. (London time): (i) the quorum was reached; and (ii) the Extraordinary Resolution set out in the notice of meeting to Noteholders of the Existing Tier 2 Notes dated 3 June 2025 previously notified to Noteholders in accordance with the terms of the Trust Deed for the Existing Tier 2 Not...

More updates from Nationwide Building Society