Virgin Money UK PLC Redemption of Notes (4825U)

TIDMVMUK

RNS Number : 4825U

Virgin Money UK PLC

28 March 2023

Virgin Money UK PLC

("Issuer")

LEI: 213800ZK9VGCYYR6O495

28 March 2023

NOTICE TO NOTEHOLDERS

EUR500,000,000 0.375 per cent. Fixed Rate Reset Callable Senior Notes due 2024 (the "Notes") issued under the GBP10,000,000,000 Global Medium Term Note Programme of the Issuer and Clydesdale Bank PLC

ISIN: XS2346591113

COMMON CODE: 234659111

NOTICE IS HEREBY GIVEN that the Issuer will redeem the Notes in full on 27 May 2023 (the "Optional Redemption Date") pursuant to Condition 9(b) (Redemption at the Option of the Issuer) of the Notes. This redemption is subsequent to the issuance of EUR500,000,000 4.625 per cent. Fixed Rate Reset Callable Senior Notes by the Issuer in February 2023, as a normal part of the Group's funding management.

As specified in the terms and conditions of the Notes, the Notes will be redeemed at their principal amount together with interest accrued and unpaid to (but excluding) the Optional Redemption Date. Following redemption, the Notes will be cancelled, and no further interest payments will be made.

Request will be made to (i) the Financial Conduct Authority ("FCA") to cancel the listing of the Notes on the Official List of the FCA and (ii) to the London Stock Exchange ("LSE") to cancel the admission to trading of the Notes on the Main Market of the LSE, following redemption of the Notes.

Unless otherwise defined in this notice, all terms used in this notice are as defined in the terms and conditions of the Notes.

Announcement authorised for release by Lorna McMillan, Group Company Secretary

For further information please contact:

 
 Investors and Analysts 
 Richard Smith                 07748 399303 
                              ------------------------------------ 
 Head of Investor Relations    [e-mail] 
                              ------------------------------------ 
 Company Secretary 
                              ------------------------------------ 
 Lorna McMillan                07834 585436 
                              ------------------------------------ 
 Group Company Secretary       [e-mail] 
                              ------------------------------------ 
 Media Relations 
                              ------------------------------------ 
 Press Office                  0800 066 5998 
                              ------------------------------------ 
                               [e-mail] 
                              ------------------------------------ 
 

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END

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March 28, 2023 05:55 ET (09:55 GMT)