OSB GROUP PLC Onesavings Bank Plc Announces Results Of Its Tender Offer For Its Gbp60,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
05 Oktober 2021 - 11:17AM
UK Regulatory
TIDMOSB
OneSavings Bank plc announces results of its Tender Offer for
its GBP60,000,000 Fixed Rate Resetting Perpetual Subordinated
Contingent Convertible Securities
NOT FOR RELEASE, PUBLICATION OR 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 OR THE DISTRICT
OF COLUMBIA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO
ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR
DISTRIBUTE THIS ANNOUNCEMENT
5 October 2021. OneSavings Bank plc (the Offeror) announces
today the results of its invitation to holders of its GBP60,000,000
Fixed Rate Resetting Perpetual Subordinated Contingent Convertible
Securities (ISIN: XS1617418501) (the Securities) to tender their
Securities for purchase by the Offeror for cash (the Offer).
The Offer was announced on 27 September 2021 and was made on the
terms and subject to the conditions contained in the tender offer
memorandum dated 27 September 2021 (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 4 October 2021. As at the Expiration Deadline,
GBP60,000,000 in aggregate nominal amount of the Securities were
validly tendered for purchase pursuant to the Offer.
The Offeror announces that it has decided to accept for purchase
all Securities validly tendered pursuant to the Offer, at a cash
purchase price equal to 105.750 per cent. of the nominal amount of
the relevant Securities, together with an Accrued Interest
Payment.
Following the Settlement Date it is expected that 100 per cent.
of the Securities will be cancelled and therefore none of the
Securities will remain outstanding.
NatWest Markets Plc (Attention: Liability Management; Telephone:
+44 20 7678 5222; Email: liabilitymanagement@natwestmarkets.com) is
acting as the Sole Dealer Manager and Lucid Issuer Services Limited
(Attention: Harry Ringrose; Telephone: +44 20 7704 0880; Email:
osb@lucid-is.com) is acting as Tender Agent.
1. Offeror LEI: 213800WTQKOQI8ELD692
DISCLAIMER This announcement must be read in conjunction with
the Tender Offer Memorandum. No offer or invitation to acquire any
securities is being made pursuant to this announcement. 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/or the Tender Offer
Memorandum comes are required by each of the Offeror, the Dealer
Managers and the Tender Agent to inform themselves about, and to
observe, any such restrictions.
(END) Dow Jones Newswires
October 05, 2021 05:17 ET (09:17 GMT)
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