Business
Notice of Redemption of PIBS
Notice of Redemption of PIBS.
About this update from Nationwide Building Society
[{"type":"text","content":"\n \nRNS Number : 9844H Nationwide Building Society 16 March 2018 \n\nNationwide Building Society1(the Issuer)\nNOTICEto the holders of its\n£350,000,000 6.024 per cent. Permanent Interest Bearing Shares\n(the PIBS)\n(ISIN: XS0284776274 / Common Code: 028477627)\nNOTICE IS HEREBY GIVEN by the Issuer to the holders of the PIBS that, having obtained the Relevant Supervisory Consent, the Issuer will redeem the PIBS in full on 8 May 2018 (being the Interest Payment Date scheduled for 6 May 2018 as adjusted by the business day convention in accordance with Condition 4.1) pursuant to Condition 5.2 of the Special Conditions of Issue of the PIBS (the Conditions, and references to a number Condition shall be read accordingly). As specified in Condition 5.2, the PIBS will be redeemed at their principal amount together with accrued and unpaid interest to (but excluding) the date of redemption.\nFollowing redemption of the PIBS, (i) the PIBS will be cancelled and no further interest payments will be made and (ii) request will be made to the Financial Conduct Authority (the FCA) and to the London Stock Exchange plc (the LSE) for the PIBS to be removed from the Official List maintained by the FCA and for their admission to trading on the LSE to be cancelled.\nUnless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the Conditions.\nFor further information, please contact:\nNationwide Building Society\nAlex Wall\nHead of Capital, Ratings & Investor Relations\[email protected]\n020 7261 6568\n \nDated: 16 March 2018\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLEI: 549300XFX12G42QIKN82\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSFFFSMFASEED\n ","length":3172,"tagName":"div"}]