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NatWest provides tender offer results for sterling preference shares
Chicago, Dec. 15 – NatWest Group plc announced the tender results for its offer to buy any and all of two series of cumulative preference shares in a notice on Wednesday.
The bank is accepting the £157,546 liquidation preference validly tendered of the £400,000 outstanding 5.5% cumulative preference shares (ISIN: GB0007548026) to be repurchased at 102 and the £259,314 liquidation preference validly tendered of the £500,000 outstanding 11% cumulative preference shares (ISIN: GB0007548133) that are being repurchased at 155.
After the offer, there will be £242,454 liquidation preference of the 5.5% preference shares outstanding and £240,686 liquidation preference of the 11% preference shares outstanding.
The offers started on Nov. 24 and expired at 8 a.m. ET on Dec. 14.
Settlement is expected to be on Dec. 16.
NatWest Markets (+44 20 7678 5222, attn.: liability management, NWMLiabilityManagement@natwestmarkets.com) is the structuring adviser and dealer manager.
Computershare Investor Services plc (+44 37 0702 0135) is the registrar for the offers for two series of preference shares.
NatWest (National Westminster Bank) is a retail and commercial bank based in London.
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