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Yorkshire Building Society Results of Tender Offer

17/04/2019 10:03am

UK Regulatory (RNS & others)


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RNS Number : 4876W

Yorkshire Building Society

17 April 2019

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR 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.

Yorkshire Building Society announces the results of its Tender Offer in respect of its GBP250,000,000 4.125 per cent. Fixed Rate Callable Reset Subordinated Notes due 2024 (ISIN: XS1140677250)

17 April 2019. On 9 April 2019, Yorkshire Building Society (the Society) announced an invitation to eligible holders of its outstanding GBP250,000,000 Fixed Rate Callable Reset Subordinated Notes due 2024 (ISIN: XS1140677250) (the Notes) to tender any or all of their Notes for purchase by the Society for cash (the Offer).

The Offer was made on the terms and subject to the conditions contained in a tender offer memorandum dated 9 April 2019 (the Tender Offer Memorandum) prepared by the Society, and subject to the offer restrictions set out in the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The expiration deadline for the Offer was 4.00 p.m. (London time) on 16 April 2019. The Society hereby announces the results of the Offer.

Results of the Offer

GBP218,768,000 in aggregate principal amount of the Notes was validly tendered for purchase in the Offer. The Society announces that it accepts for purchase all such Notes validly tendered in the Offer.

The settlement date for the Offer is expected to be 18 April 2019.

MARKET ABUSE REGULATION

This announcement is released by Yorkshire Building Society and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Offer. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Chris Parrish, Head of Treasury of Yorkshire Building Society.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Notes (and tenders of Notes in the Offer will not be accepted from Noteholders) in any circumstances in which such offer or solicitation is unlawful. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and the Tender Offer Memorandum comes are required by each of the Society, the Dealer Managers and the Tender and Information Agent to inform themselves about, and to observe, any such restrictions. The Offer has now expired.

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 rns@lseg.com or visit www.rns.com.

END

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April 17, 2019 05:03 ET (09:03 GMT)

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