Tender Offer - Maximum Acceptance Amount
Nationwide confirms it will accept tenders for up to £750m of Reset Perpetual Contingent Convertible Additional Tier 1 Capital Securities.
- Maximum Acceptance Amount £750,000,000
- Securities outstanding £750,000,000
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Further to the announcement dated 21 September 2026 in relation to the invitation of Nationwide Building Society (the "Issuer") to holders of its outstanding £750,000,000 Reset Perpetual Contingent Convertible Additional Tier 1 Capital Securities (ISIN: XS2113658202) (the "Securities") to tender such Securities for purchase by the Issuer for cash, the Issuer hereby confirms that the Maximum Acceptance Amount is £750,000,000, subject to the New Financing Condition being satisfied or waived on or prior to the Settlement Date. As the Maximum Acceptance Amount is equal to the aggregate principal amount of the Securities, the Issuer confirms that it will accept for purchase any validly tendered Securities up to the Maximum Acceptance Amount without such Securities being scaled by a Scaling Factor, subject to the New Financing Condition being satisfied or waived on or prior to the Settlement Date. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the tender offer memorandum prepared by the Issuer dated 21 September 2026 (the "Tender Offer Memorandum").
Securityholders are advised to read carefully the Tender Offer Memorandum for full details of and information on the conditions of and procedures for participating in the Offer.
The Issuer is not under any obligation to accept for purchase any Securities tendered pursuant to the Offer. The acceptance for purchase by the Issuer of Securities tendered pursuant to the Offer is at the sole discretion of the Issuer and tenders may be rejected by the Issuer for any reason.
A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. Any questions or requests for assistance in connection with: (i) the Offer, may be directed to the Dealer Managers; and (ii) the delivery of Tender Instructions or requests for additional copies of the Tender Offer Memorandum or related documents, which may be obtained free of charge, may be directed to the Tender Agent, the contact details for each of which are set out below.
Dealer Managers
| J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP United Kingdom Telephone : +44 (0) 20 7134 2468 Email : liability_management_EMEA@jpmorgan.com Attention : EMEA Liability Management Group | Lloyds Bank Corporate Markets plc 33 Old Broad Street London EC2N 1HZ United Kingdom Telephone : +44 (0) 20 7158 3939 / 1726 Email : LBCMLiabilityManagement@lloydsbanking.com Attention : Liability Management |
| Merrill Lynch International 2 King Edward Street London EC1A 1HQ United Kingdom Telephone : +44 20 7996 5420 Email : DG.LM-EMEA@bofa.com Attention : Liability Management Team | NatWest Markets Plc 250 Bishopsgate London EC2M 4AA United Kingdom Telephone : +44 (0) 20 7678 5222 Email : NWMLiabilityManagement@natwestmarkets.com Attention : Liability Management |
UBS AG London Branch 5 Broadgate London EC2M 2QS United Kingdom Telephone : +44 20 7568 1121 Email : ol-liabilitymanagement-eu@ubs.com Attention : Liability Management
Tender Agent
Kroll Issuer Services Limited The News Building 3 London Bridge Street London SE1 9SG United Kingdom Telephone : +44 20 7704 0880 Attention : David Shilson Email : nationwide@is.kroll.com Website : https://deals.is.kroll.com/nationwide
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.