Business
Tender Offer and Consent Solicitation
Tender Offer and Consent Solicitation.
About this update from Nationwide Building Society
[{"type":"text","content":"\n \n \n \n RNS Number : 7423A\n Nationwide Building Society\n 03 June 2021\n \n \n \n \n \n \n \n FOR DISTRIBUTION ONLY OUTSIDE THE UNITED STATES TO PERSONS OTHER THAN U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) AND OUTSIDE THE REPUBLIC OF ITALY. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.\n \n \n \n \n \n Nationwide Building Society\n \n \n (incorporated in England and Wales under the UK Building Societies Act 1986, as amended)\n \n \n (LEI: 549300XFX12G42QIKN82)\n \n \n announces tender offer and consent solicitation in respect of its \n \n \n £10,000,000 Floating Rate Permanent Interest Bearing Shares \n \n \n \n \n \n \n (originally issued by Cheshire Building Society)\n \n \n \n (ISIN: GB0001918076)\n \n \n \n 3 June 2021\n \n . Nationwide Building Society (\"Nationwide\") today announces an invitation \n to eligible holders (\"PIBS Holders\") of its £10,000,000 Floating Rate Permanent Interest Bearing Shares (originally issued by Cheshire Building Society) (the \"PIBS\") to tender any or all of their PIBS for purchase by Nationwide for cash (the \"Tender Offer\") and a related consent solicitation with respect to proposed variations to the terms of the PIBS (the \"Consent Solicitation\"), all on the terms set out in an Offer Memorandum dated 3 June 2021 (the \"Offer Memorandum\") and as summarised below (the \"Offers\").\n \n \n Defined terms used in this announcement and not otherwise defined herein have the same meaning given to them in the Offer Memorandum.\n \n \n Tender Offer\n \n \n Overview of the Tender Offer\n \n \n \n \n Securities\n \n \n ISIN\n \n \n Outstanding\nnominal amount\n \n \n Offer Price\n \n \n Amount subject to the Tender Offer\n \n \n \n \n (expressed as a percentage)\n \n \n (expressed as an amount)\n \n \n \n \n PIBS\n \n \n \n GB0001918076\n \n \n \n £10,000,000\n \n \n 104.00%\n \n \n £1,040 for each £1,000 in nominal amount of PIBS\n \n \n Any and all\n \n \n \n \n The Tender Offer is an invitation by Nationwide to PIBS Holders, subject to applicable offer restrictions, to offer to sell any or all of their PIBS to Nationwide at the Offer Price. Nationwide expects to ca...