Notice of Redemption of PIBS

RNS Number : 9844H

Nationwide Building Society

16 March 2018

 

Nationwide Building Society¹
(the Issuer)

NOTICE
to the holders of its

£350,000,000 6.024 per cent. Permanent Interest Bearing Shares

(the PIBS)
(ISIN: XS0284776274 / Common Code: 028477627)

NOTICE IS HEREBY GIVEN by the Issuer to the holders of the PIBS that, having obtained the Relevant Supervisory Consent, the Issuer will redeem the PIBS in full on 8 May 2018 (being the Interest Payment Date scheduled for 6 May 2018 as adjusted by the business day convention in accordance with Condition 4.1) pursuant to Condition 5.2 of the Special Conditions of Issue of the PIBS (the Conditions, and references to a number Condition shall be read accordingly). As specified in Condition 5.2, the PIBS will be redeemed at their principal amount together with accrued and unpaid interest to (but excluding) the date of redemption.

Following redemption of the PIBS, (i) the PIBS will be cancelled and no further interest payments will be made and (ii) request will be made to the Financial Conduct Authority (the FCA) and to the London Stock Exchange plc (the LSE) for the PIBS to be removed from the Official List maintained by the FCA and for their admission to trading on the LSE to be cancelled.

Unless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the Conditions.

For further information, please contact:

Nationwide Building Society

Alex Wall

Head of Capital, Ratings & Investor Relations

[e-mail]

020 7261 6568

Dated:  16 March 2018

LEI:         549300XFX12G42QIKN82

 

END

 

 

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