Skipton 12e7% Discussion Threads

[throgmortonstreet] 20/4/2024 07:42

In view of the fact that UK interest rates are probably near their peak, now would actually be a good time for Skipton Building Society to offer to buy-back and then cancel these Permanent Interest Bearing Shares via a Tender Offer.

When they were first issued back in March 1992 these PIBS counted as Tier 1. capital resources but since then, changes to the regulatory capital rules means that PIBS no longer count as Tier 1. making them a very inefficient drain on the Building Society's financial reserves.

This probably explains why Skipton Building Society's C.E.O Stuart Haire is now considering buying the PIBS back and permanently cancelling them

[ukneonboy] 18/4/2024 15:04

In light of recent events at Leeds Building Society (LBS) and their decision to buy-back and cancel their Permanent Interest Bearing Shares via a Tender Offer, it is rumoured that both Coventry Building Society (CVBP) and Skipton Building Society (SKIP) are now looking into similar buy-back schemes for their Permanent Interest Bearing Shares

[holts] 18/4/2024 13:18

There has to be an LBS type offer coming here , unfortunately.

[holts] 18/6/2019 15:52

arrangements to settle fully in crest were made , however there was still a problem matching trades and it no longer settles fully and is now harder to trade again .

[holts] 20/3/2018 19:39

AVivas big gob even affecting these