Business
Tender Offer - Initial OMR Announcement
Tender Offer - Initial OMR Announcement.
About this update from Nationwide Building Society
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (THE EUWA).\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN (1) THE UNITED STATES\n \n \n , 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 OR THE DISTRICT OF COLUMBIA\n \n (THEUNITED STATES), (2)THE REPUBLIC OF ITALY, OR (3)ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE \"OFFER AND DISTRIBUTION RESTRICTIONS\" BELOW)\n \n .\n \n \n \n \n Nationwide Building Society announces launch of Open Market Repurchase Facility,\n \n \n \n \n and inaugural Open Market Repurchase Exercise,\n \n \n \n \n in respect of its Core Capital Deferred Shares\n \n \n \n \n 20 February 2023. \n \n Nationwide Building Society (Nationwide) announces today the launch of an open market repurchase facility (the OMR Facility) under which it may, from time to time and in its sole discretion, seek to repurchase limited numbers of the Core Capital Deferred Shares of £1 nominal amount each (ISIN: GB00BBQ33664) (the CCDS) issued by Nationwide. Any such repurchase would be conducted pursuant to a discrete open market repurchase exercise.\n \n \n Nationwide also announces today the commencement of the inaugural open market repurchase exercise under the OMR Facility (the OMR Exercise 2023-1), to be managed by UBS AG London Branch (the DealerManager), pursuant to which Nationwide may purchase up to an aggregate of 775,614 CCDS (corresponding to an overall maximum aggregate purchase price of up to approximately £100,000,000, excluding amounts attributable to potential future Distributions (as defined in the section titled \"Conditions of Issue of the Core Capital Deferred Shares\" set out in the prospectus dated 22 November 2013 and the prospectus dated 11 September 2017 (the Conditions))).\n \n \n The OMR Exercise 2023-1 will be carried out on the terms and subject to the conditions contained in this...