Business
Redemption of outstanding Tier 2 Notes due 2029
Redemption of outstanding Tier 2 Notes due 2029.
About this update from Shawbrook Group Plc
[{"type":"text","content":"\n\n \n\n\n\n\nShawbrook Group plc (the \"Company\")\n \nRedemption by the Company of its outstanding 6.50% Fixed Rate Reset Callable Subordinated Notes due 2029 (ISIN: XS2058891917 (the \"Notes\"))\n\n\n\n\n \n\n\n\n\nThe Company has today given notice to the holders of the Notes that it will fully redeem the outstanding Notes on 27 September 2024 (the \"Redemption Date\") in accordance with the terms and conditions of the Notes (the \"Conditions\").\n\n\n\n\n \n\n\n\n\nThe Notes will be redeemed at 100 per cent. of their principal amount together with any unpaid interest accrued up until (but excluding) the Redemption Date.\n\n\n\n\n \n\n\n\n\nFollowing redemption, the Notes will be cancelled pursuant to the Conditions. Accordingly, application will be made for the listing of the Notes and the admission of the Notes to trading on the Quotation Board segment of the Open Market (Freiverkehr) of the Frankfurt Stock Exchange to be cancelled on or shortly after the Redemption Date.\n\n\n\n\n\n\n\n\n\nFor investor enquiries, please contact:\n\n\n\n\nMurray Long\n\n\n\n\nHead of Investor Relations\n\n\n\n\[email protected]\n\n\n\n\n \n\n\n\n\nAbout Shawbrook\n\n\n\n\nShawbrook provides finance to a wide range of customers who value the premium experience, flexibility and certainty we deliver. We are a purpose-led organisation, with a focus on delivering long-term sustainable value for all our stakeholders.\n \nWe have a diversified offering, with our innovative lending propositions tailored to meet specific customer needs in carefully selected markets across SME, Real Estate and Personal. Our innovative and specialist lending products range from complex structured credit facilities for growth-focused businesses to mortgages for professional landlords and property investors, as well as simple loans for consumers delivered digitally. We fuel our lending through customer deposits, which we attract by delivering a premium experience, choice and consistently great value to smart savers.\n \nThe business model we have created is unique and difficult to replicate, with our 'best of both' approach combining deep human expertise with advanced digital, tech and data capabilities. This combination not only allows us to deliver excellent customer experiences, but to do so efficiently and at scal...