Notice of Redemption
Vanquis Banking Group PLC has announced the redemption of its £200,000,000 Fixed Rate Reset Subordinated Tier 2 Notes due 2032, with the redemption date set for 13 October 2026. The company is exercising its option to redeem all outstanding notes in full at their principal amount of £41,536,000, plus accrued interest. Following this redemption, the listing and admission to trading of these notes on the London Stock Exchange are expected to be cancelled.
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Vanquis Banking Group PLC (the "Issuer") hereby gives notice of redemption to the holders of the Notes.
Pursuant to Condition 6.4 (Redemption at the option of the Issuer (Issuer Call)) of the terms and conditions of the Notes (the "Conditions"), it is exercising its option to redeem in full all of the outstanding Notes on 13 October 2026 (the "Redemption Date").
The Notes shall be redeemed at an amount equal to their principal amount, being £41,536,000, together with unpaid interest accrued to (but excluding) the Redemption Date.
Pursuant to Condition 6.8 (Cancellation) of the Conditions, all Notes redeemed will be cancelled. Accordingly, the listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Main Market of the London Stock Exchange plc is expected to be cancelled shortly after the Redemption Date.
Terms used but not defined in this announcement shall have the meanings given to them in the Conditions.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.