Virgin Money UK PLC Transaction in Own Shares and CDIs (3479I)
December 02 2022 - 2:00AM
UK Regulatory
TIDMVMUK TIDM91XR
RNS Number : 3479I
Virgin Money UK PLC
02 December 2022
Virgin Money UK PLC
LEI: 213800ZK9VGCYYR6O495
ISIN: GB00BD6GN030
2 December 2022
Virgin Money UK PLC (the "Company")
Transaction in Own Shares and CDIs
The Company announces that on 1 December 2022 it had purchased a
total of (a) 1,172,400 of its ordinary shares of GBP0.10 each (the
"ordinary shares") on the London Stock Exchange, Chi-X Europe
and/or BATS Europe through the Company's broker Citigroup Global
Markets Limited and (b) 777,683 CHESS Depositary Interests
("CDIs"), each representing one ordinary share, on the Australian
Securities Exchange through the Company's broker Citigroup Global
Markets Australia Pty Limited, in each case as detailed below. The
repurchased ordinary shares (including the CDIs, once transmuted
into ordinary shares) will be cancelled.
London Chi-X Europe BATS Europe Australian
Stock Exchange Securities
Exchange
Number of ordinary
shares/CDIs purchased
on 01 December 2022 648,900 232,100 291,400 777,683
---------------- ------------- ------------ ------------
Highest price paid GBP1.7525 GBP1.7525 GBP1.7525 A$3.1100
(per ordinary share/CDI)
on 01 December 2022
---------------- ------------- ------------ ------------
Lowest price paid GBP1.7195 GBP1.7200 GBP1.7195 A$3.0700
(per ordinary share/CDI)
on 01 December 2022
---------------- ------------- ------------ ------------
Volume weighted GBP1.7352 GBP1.7352 GBP1.7350 A$3.0890
average price paid
(per ordinary share/CDI)
---------------- ------------- ------------ ------------
The purchases form part of (i) the Company's share buyback
programme announced on 30 June 2022 (the "Initial Buyback") and
(ii) the Company's extended share buyback programme announced on 21
November 2022 (the "Extended Buyback"). The Initial Buyback and
Extended Buyback will be effected within the scope of the authority
conferred on the Company at its February 2022 Annual General
Meeting. The Initial Buyback start date was 30 June 2022 and end
date is 17 December 2022. The Extended Buyback start date was 21
November 2022 and in the case of Shares bought back in the UK the
end date is 2 May 2023 and, in the case of CDIs bought back in
Australia, the end date is 2 May 2023 subject to approval by
shareholders within the scope of the authority to be sought at the
Company's 2023 Annual General Meeting.
The total number of ordinary shares and CDIs purchased up to and
including the prior announcement was 56,628,642. As such, the
Company has now bought back 58,578,725 ordinary shares and CDIs (in
aggregate). In connection with the Initial Buyback, the Company
intends to repurchase up to GBP75 million of ordinary shares and
CDIs (in aggregate) and in connection with the Extended Buyback the
Company intends to repurchase up to GBP50 million of ordinary
shares and CDIs (in aggregate).
Following settlement of the above purchases and cancellation of
the purchased ordinary shares and CDIs, the Company's total number
of ordinary shares in issue shall be 1,384,397,451.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), as it forms part of
Retained EU Law as defined in the European Union (Withdrawal) Act
2018, to view the detailed breakdown of individual trades made by
Citigroup Global Markets Limited on behalf of the Company as part
of the share buyback programme please follow this link:
http://www.rns-pdf.londonstockexchange.com/rns/3479I_1-2022-12-1.pdf
This announcement does not constitute, or form part of, an offer
or solicitation of an offer for securities in any jurisdiction.
Announcement authorised for release by Lorna McMillan, Group
Company Secretary.
For further information, please contact:
Investors and Analysts
Richard Smith +44 7483 399 303
------------------------------------
Head of Investor Relations richard.smith@virginmoneyukplc.com
------------------------------------
Amil Nathwani +44 7702 100 398
------------------------------------
Senior Manager, Investor Relations amil.nathwani@virginmoneyukplc.com
------------------------------------
Martin Pollard +44 7894 814 195
------------------------------------
Senior Manager, Investor Relations martin.pollard@virginmoneyukplc.com
------------------------------------
Company Secretary
------------------------------------
Lorna McMillan 07834 585436
------------------------------------
Group Company Secretary lorna.mcmillan@virginmoneyukplc.com
------------------------------------
Media Relations
------------------------------------
Press Office 0800 066 5998
------------------------------------
press.office@virginmoneyukplc.com
------------------------------------
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