Virgin Money UK PLC Maximum Acceptance Amount to Tender Offer (8670X)

TIDMVMUK TIDM91XR

RNS Number : 8670X

Virgin Money UK PLC

02 September 2020

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, 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 OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

2 September 2020

Virgin Money UK PLC

(incorporated with limited liability in England and Wales with Registered Number 09595911)

ANNOUNCES MAXIMUM ACCEPTANCE AMOUNT IN RELATION TO TENDER OFFER TO PURCHASE NOTES FOR CASH

Further to the announcement dated 1 September 2020 in relation to the invitation of Virgin Money UK PLC (the "Issuer) to holders of its GBP475,000,000 5 per cent. Fixed Rate Reset Callable Subordinated Tier 2 Notes due 2026 (ISIN: XS1346646901) (the "Notes"), to tender such Notes for purchase by the Issuer for cash, the Issuer hereby confirms that the Maximum Acceptance Amount is GBP475,000,000. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the tender offer memorandum prepared by the Issuer dated 1 September 2020 (the "Tender Offer Memorandum").

FURTHER INFORMATION

Noteholders are advised to read carefully the Tender Offer Memorandum for full details of and information on the conditions of and procedures for participating in the Offer.

The Issuer is not under any obligation to accept for purchase any Notes tendered pursuant to the Offer. The acceptance for purchase by the Issuer of Notes tendered pursuant to the Offer is at the sole discretion of the Issuer and tenders may be rejected by the Issuer for any reason.

A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. Any questions or requests for assistance in connection with: (i) the Offer, may be directed to the Dealer Managers; and (ii) the delivery of Tender Instructions or requests for additional copies of the Tender Offer Memorandum or related documents, which may be obtained free of charge, may be directed to the Tender Agent, the contact details for each of which are set out below.

Dealer Managers

 
                BNP Paribas                            Lloyds Bank Corporate Markets plc 
         16, boulevard des Italiens                             10 Gresham Street 
                75009 Paris                                          London 
                   France                                           EC2V 7AE 
                                                                 United Kingdom 
 
                                                      Telephone: [phone]/1726 
        Telephone: [phone]          Attention: Liability Management Team, Capital Markets 
   Attention: Liability Management Group          Email: [e-mail] 
 Email: [e-mail] 
 
 
         Merrill Lynch International                           NatWest Markets Plc 
            2 King Edward Street                                 250 Bishopsgate 
                   London                                             London 
                  EC1A 1HQ                                           EC2M 4AA 
               United Kingdom                                     United Kingdom 
         Telephone: [phone] 
    Attention: Liability Management Group                  Telephone: [phone] 
         Email: [e-mail]                      Attention: Liability Management 
                                                  Email: [e-mail] 
 
 

Tender Agent

Lucid Issuer Services Limited

Tankerton Works

12 Argyle Walk

London

WC1H 8HA

United Kingdom

Telephone: [phone]

Attention: Owen Morris

Email: [e-mail]

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer to acquire or exchange any securities is being made pursuant to this announcement. This announcement and the Tender Offer Memorandum contain important information, which must be read carefully before any decision is made with respect to the Offer. If any Noteholder is in any doubt as to the action it should take, it is recommended to seek its own financial, legal and any other advice, including in respect of any tax financial, accounting, regulatory and tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to participate in the Offer. None of the Issuer, the Dealer Managers or the Tender Agent or their respective directors, employees or affiliates makes any recommendation as to whether Noteholders should participate in the Offer and none of the Issuer, the Dealer Managers or the Tender Agent nor any of their respective affiliates will have any liability or responsibility in respect thereto.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCLTMATMTAMBTM

(END) Dow Jones Newswires

September 02, 2020 11:54 ET (15:54 GMT)