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TSB Tsb Bnk Grp

339.00
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tsb Bnk Grp LSE:TSB London Ordinary Share GB00BMQX2Q65 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 339.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tsb Bnk Grp Share Discussion Threads

Showing 301 to 324 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
03/5/2018
19:59
froze out again tonight
ntv
03/5/2018
08:04
today i went to Log in and found service unavailable
tried again a while later and got in only to find the wrong figures
tried to look at something else and guess what it froze so again I have given up
I am sure others have had the same

ntv
03/5/2018
08:01
WELL I THOUGHT I WOULD START A THREAD ON THE TOTAL FAILURE OF THE TSB UPGRADE
SO HERE IS THE STORY SO FAR
THEY STARTED THE UPGRADE THEIR SYSTEM ON 18TH APRIL
AFTER THE CATASTROPHIC FAILURE OF THE SYSTEM DURING WHICH PEOPLE REPORTED VIEWING OTHER PEOPLES ACCOUNTS , WEIRD MESSAGES, INCORRECT BALANCES BOTH POSITIVE AND NEGATIVE, LONG QUEUES IN BRANCHES AND ON THE PHONE
ALSO ADDING NON PAYMENT OF SOME STANDING ORDERS AND DELAYED PAYMENTS INTO ACCOUNTS
THEY SHOULD REALLY FACE A MASSIVE FINE FROM THE REGULATOR BUT WILL THEY?
AND WHEN WILL IT BE FULLY SORTED
TODAY 3RD MAY IT IS STILL NOT SORTED

ntv
30/7/2015
05:08
Lights offTally ho
leadersoffice
28/7/2015
15:23
All paid up here, goodnight all.
puffintickler
28/7/2015
13:47
Bonus shares (in cash) received in iDealing today.
blobby
17/7/2015
12:14
Received my 38 bonus shares in my iWEB account this morning - not quiet sure what happens now but expect they will be surrendered to Sabatell for £3.40 each not a princely sum but welcome.
investoree
17/7/2015
07:27
Interesting
leadersoffice
16/7/2015
07:42
What do we make of the rise of share price above 340 despite the initiation of process of compulsory purchase of outstanding shares ? I suppose there is still the safety net of 340 but who is paying the extra in the market ? Are Sabadell doing the buying to speed up the takeover and sweep up the outstanding shares ?
harvester
13/7/2015
11:45
Payment to Halifax Shear Dealing Account received today for original share holding.
Usual lack of information & communication from TSB/Sabadell regarding bonus shares etc.

davenash
10/7/2015
15:12
Ditto Rahosi, got my payment for basic share holding. Guess that the cash for the bonus shares will follow in the next couple of weeks.

Edit - previous posting said payment on 17 July so hopefully will all be wrapped up next week

gbcol
10/7/2015
12:18
Our XO accounts have just been credited with the Sabadell money. We have yet to receive the money for our bonus shares.
rahosi
08/7/2015
08:05
Banco de Sabadell, S.A. Launch of compulsory acquisition procedure

RNS Number : 4425S

Banco de Sabadell, S.A.

08 July 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For immediate release 8 July 2015


RECOMMENDED CASH OFFER

for

TSB BANKING GROUP PLC

by

BANCO DE SABADELL, S.A.

Offer update - launch of compulsory acquisition procedure

On 30 June 2015 Banco de Sabadell, S.A. (Sabadell) announced that its offer for TSB Banking Group plc (TSB) (the Offer) had become unconditional in all respects.

Sabadell is pleased to announce that valid acceptances have been received for in excess of 90 per cent. of the TSB Shares to which the Offer relates and therefore Sabadell will now commence the procedures available to it under section 979 of the Companies Act 2006 to compulsorily acquire those TSB Shares which it does not already own. Notice will be sent to non-accepting shareholders informing them of the compulsory acquisition of their shares by Sabadell.

Actions to be taken

TSB Shareholders who have not yet accepted the Offer are urged to do so as soon as possible:

-- If you are a holder of TSB Shares in certificated form (that is, not in CREST), you should complete and return the Form of Acceptance, which accompanied the Offer Document.

-- If you are a holder of TSB Shares in uncertificated form (in CREST), you should ensure that an Electronic Acceptance is made by you or on your behalf and that settlement occurs. If you are a CREST-sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instruction(s) to Euroclear.

TSB Shareholders who do not accept the Offer will have their Shares compulsorily acquired but will have to wait for the Companies Act process to conclude before receiving their consideration.

The Offer Document and a specimen Form of Acceptance are available on Sabadell's website at www.sabadelltsbinfo.com and on TSB's website at www.tsb.co.uk/investors/sabadell-offer-information/. Further copies of the Offer Document and the Form of Acceptance may be obtained by contacting the Receiving Agent, Equiniti Limited, on 0871 384 2965 from within the UK or on +44 (0)121 415 0184 if calling from outside the UK. Lines are open 8.30 am to 5.30 pm (London time) Monday to Friday.

Unless otherwise stated, terms used in this announcement have the same meanings as given to them in the Offer Document.

--------------------------------------------------------------------------------

Looks like this might finally be settled then - sigh............

davenash
01/7/2015
14:25
yes, broker was a little slow so I emailed them and have now accepted takeover
sarahbudd
01/7/2015
13:33
And the offer has now gone unconditional so the shares will be delisted and shares will be delisted "on or around" 28th July.

TIDM49WI TIDMTSB

RNS Number : 5851R

Banco de Sabadell, S.A.

30 June 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION


For immediate release 30 June 2015


RECOMMENDED CASH OFFER

for

TSB BANKING GROUP PLC

by

BANCO DE SABADELL, S.A.

Unconditional announcement notice of delisting and cancellation of trading of TSB Shares

On 20 March 2015, the boards of Banco de Sabadell, S.A. (Sabadell) and TSB Banking Group plc (TSB) announced that they had reached agreement on the terms of a recommended cash offer to be made by Sabadell for the entire issued and to be issued share capital of TSB (the Offer). The full terms and conditions and the procedures for acceptance of the Offer are set out in the offer document which was published and sent to TSB Shareholders by Sabadell on 17 April 2015 (the Offer Document). On 29 May 2015 Sabadell announced that its offer for TSB remained subject to the Prudential Regulatory Authority (the PRA) approving the change of control of TSB and that the latest date on which the Offer may become or be declared unconditional in all respects was 7 July 2015.

Sabadell is pleased to announce that it has received approval from the PRA regarding the change of control of TSB, meaning that the Condition relating to regulatory clearance has now been satisfied. As the Acceptance Condition and European Commission clearance Condition have previously been satisfied and no other Conditions to the Offer remain outstanding, the Offer is now unconditional in all respects.

The Offer will remain open for acceptances until further notice. At least 14 days' notice will be given before the closing of the Offer to those TSB Shareholders who have not at the date of that notice accepted the Offer.

Delisting and cancellation of trading

As set out in the Offer Document, as the Offer has become unconditional in all respects and Sabadell has acquired TSB Shares representing more than 75 per cent. of the voting rights of TSB and has received valid acceptances under the Offer from Independent Shareholders that represent a majority of the voting rights held by the Independent Shareholders at the date the Offer was made, Sabadell intends to procure the making of an application by TSB for the cancellation, respectively, of the trading of TSB Shares on the London Stock Exchange's main market for listed securities (the Main Market) and of the listing of TSB Shares on the premium segment of the Official List of the Financial Conduct Authority (the Official List).

The cancellation of listing of TSB Shares on the Official List and admission to trading of TSB Shares on the Main Market is expected to take effect on or around 28 July 2015, being 20 Business Days from the date of this announcement. Such cancellation of listing and admission to trading will significantly reduce the liquidity and marketability of any TSB Shares and/or TSB Shares held in uncertificated form not assented to the Offer.

Compulsory acquisition

As set out in the Offer Document, if Sabadell receives acceptances of the Offer in respect of, and/or otherwise acquires or contracts to acquire, 90 per cent. or more in nominal value of the TSB Shares to which the Offer relates and of the voting rights carried by those TSB Shares, Sabadell intends to exercise its rights in accordance with Sections 974 to 991 inclusive of the Companies Act 2006 to acquire compulsorily any remaining TSB Shares to which the Offer relates on the same terms as the Offer.

Level of acceptances

As at 1.00 p.m. (London time) on 29 June 2015, Sabadell had received valid acceptances of the Offer in respect of 389,972,756 TSB Shares, representing approximately 77.99 per cent. of the existing issued share capital of TSB and 86.66 per cent. of the TSB Shares to which the Offer relates.

In addition on 24 March 2015 Sabadell acquired 49,999,999 TSB Shares, representing approximately 9.99 per cent. of the existing issued share capital of TSB, from Lloyds Bank plc (Lloyds). Therefore, as at the 29 June 2015, Sabadell owned or had received valid acceptances of the Offer in respect of 439,972,755 TSB Shares, representing approximately 87.99 per cent. of the existing issued share capital of TSB.

Actions to be taken

TSB Shareholders who have not yet accepted the Offer are urged to do so as soon as possible:

-- If you are a holder of TSB Shares in certificated form (that is, not in CREST), you should complete and return the Form of Acceptance which accompanied the Offer Document.

-- If you are a holder of TSB shares in uncertificated form (in CREST), you should ensure that an Electronic Acceptance is made by you or on your behalf and that settlement occurs. If you are a CREST-sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instruction(s) to Euroclear.

The Offer Document and a specimen Form of Acceptance are available on Sabadell's website at www.sabadelltsbinfo.com and on TSB's website at www.tsb.co.uk/investors/sabadell-offer-information/. Further copies of the Offer Document and the Form of Acceptance may be obtained by contacting the Receiving Agent, Equiniti Limited, on 0871 384 2965 from within the UK or on +44 (0)121 415 0184 if calling from outside the UK. Lines are open 8.30 am to 5.30 pm (London time) Monday to Friday.

Unless otherwise stated, terms used in this announcement have the same meanings as given to them in the Offer Document.

darias
01/7/2015
13:28
There was an extension to 30th June.

RNS Number : 5761O

Banco de Sabadell, S.A.

29 May 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION


For immediate release 29 May 2015


RECOMMENDED CASH OFFER

for

TSB BANKING GROUP PLC

by

BANCO DE SABADELL, S.A.

Offer Update - Extension of the Offer timetable

On 8 May 2015, Banco de Sabadell, S.A. (Sabadell) announced that its offer for TSB Banking Group plc (TSB) had become unconditional as to acceptances and that the Offer had been extended until further notice, and on 18 May 2015 Sabadell announced that the Condition relating to European Commission clearance had been satisfied.

The Offer remains conditional upon the PRA approving the change of control of TSB. Discussions with the PRA are proceeding constructively and Sabadell's application is progressing in the ordinary course. However, in light of the regulatory review timetable, Sabadell and TSB have agreed, with the consent of the Panel and in accordance with Rule 31.7 of the Takeover Code, that the latest date on which the Offer may become or be declared unconditional in all respects will be 7 July 2015.

TSB Shareholders who have not yet accepted the Offer are urged to do so as soon as possible:

-- If you are a holder of TSB Shares in certificated form (that is, not in CREST), you should complete and return the Form of Acceptance, which accompanied the Offer Document.

-- If you are a holder of TSB shares in uncertificated form (in CREST), you should ensure that an Electronic Acceptance is made by you or on your behalf and that settlement occurs. If you are a CREST-sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instruction(s) to Euroclear.

The Offer Document and a specimen Form of Acceptance are available on Sabadell's website at www.sabadelltsbinfo.com and on TSB's website at www.tsb.co.uk/investors/sabadell-offer-information/. Further copies of the Offer Document and the Form of Acceptance may be obtained by contacting the Receiving Agent, Equiniti Limited, on 0871 384 2965 from within the UK or on +44 (0)121 415 0184 if calling from outside the UK. Lines are open 8.30 am to 5.30 pm (London time) Monday to Friday.

Unless otherwise stated, terms used in this announcement have the same meanings as given to them in the Offer Document.

darias
01/7/2015
09:34
my broker say option to accept closed at beginning of June...
sarahbudd
01/7/2015
09:28
thanks lold
harvester
01/7/2015
08:47
From memory those that have accepted get cash within 14 days from date offer went unconditional.
gbcol
01/7/2015
07:50
Its a done deal as far as those who have accepted are concerned.
puffintickler
01/7/2015
07:01
No, it will be de-listed, but there will remain minority shareholders unless Sabadell can get 90% and force them to sell. Minority shareholders in a de-listed firm tend to not do very well.
loldemort
30/6/2015
22:36
So they are still a little short of 90%, if I read this correctly, and still not able to apply for de-listing . ??
What a long drawn-out process .

harvester
30/6/2015
14:46
What is the allocation of bonus shares i.e. How many per 100? TIA
uknighted
30/6/2015
09:18
You won't get bonus shares just the cash equivalent
gbcol
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older

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