Report Publication Announcement • Aug 9, 2013
Report Publication Announcement
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
RNS Number : 3659L
Santander UK Plc
09 August 2013
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT")) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS NOTICE
RESULTS OF TENDER OFFER
On 30th July 2013 Santander UK plc (the "Company") invited (subject to offer restrictions) holders (the "Noteholders") of the respective series of notes referred to below (collectively, the "Notes", and each series, a "Series" of Notes) to tender the Notes held by such Noteholders to the Company for purchase by the Company, upon the terms and subject to the conditions set out in a Tender Offer Memorandum dated 30th July 2013.
Capitalised terms used in this announcement of results and not otherwise defined herein shall have the meanings ascribed to them in the Tender Offer Memorandum.
The Company announced that it would purchase all Notes validly tendered, in each case for cash at the relevant Tender Price as set out in the table below (plus, in each case, accrued and unpaid interest from the most recent interest payment date).
Accordingly the Company will purchase the aggregate principal amount of Notes of each Series listed below on the Settlement Date of 13th August 2013:
| Description of the Notes | Issuer | ISIN | Tender Price | Aggregate Principal Amount of Notes accepted for purchase |
| £300,000,000 5.827 per cent. Step Up Callable Perpetual Preferred Securities originally issued on 22 March 2004 | Santander UK plc (formerly Alliance & Leicester plc) | XS0188550114 | 91% (£910 for each £1,000 in principal amount) | £293,378,000[1] |
| £175,000,000 20 Year Step-Up Perpetual Callable Subordinated Notes originally issued on 28 September 2000 | Santander UK plc (formerly Abbey National plc) | XS0117973262 | 95% (£950 for each £1,000 in principal amount) | £10,010,000 |
| £275,000,000 30 Year Step-Up Perpetual Callable Subordinated Notes originally issued on 28 September 2000 | Santander UK plc (formerly Abbey National plc) | XS0117973429 | 100% (£1,000 for each £1,000 in principal amount) | £5,133,000 |
| £425,000,000 15 Year Step-Up Perpetual Callable Subordinated Notes originally issued on 28 September 2000 | Santander UK plc (formerly Abbey National plc) | XS0117972967 | 95% (£950 for each £1,000 in principal amount) | £2,922,000 |
| £150,000,000 10 1/8% Subordinated Guaranteed Bonds due 2023 originally issued on 4 February 1993 | Santander UK plc (formerly Abbey National Sterling Capital plc) | XS0041864512 | 120% (£12,000 for each £10,000 in principal amount) | £1,650,000 |
Further Information
Lucid Issuer Services Limited were appointed by the Company as Tender Agent for the purposes of the Tender Offer. Banco Santander, S.A., Merrill Lynch International and Morgan Stanley & Co. International plc were appointed by the Company as Dealer Managers for the purposes of the Tender Offer.
THE DEALER MANAGERS
| BofA Merrill Lynch | Morgan Stanley | Santander Global Banking & Markets |
| Merrill Lynch International | Morgan Stanley & Co. International plc | Banco Santander, S.A. |
| 2 King Edward Street | 25 Cabot Square | Ciudad Grupo Santander |
| London EC1A 1HQ | Canary Wharf | Edificio Encinar |
| United Kingdom | London E14 4QA | Avenida de Cantabria |
| United Kingdom | 28660, Boadilla del Monte Madrid Spain |
|
| Attn: John Cavanagh, +44 20 7995 3715 [email protected] |
Attn: Liability Management Group | Attn: Debt Capital Markets |
| Karl Bystedt Wikblom, +44 20 7996 0867 | Tel: +44 20 7677 5040 | Tel: + 44 20 7756 6615 / 7202 |
| [email protected] | Email: [email protected] | Email: [email protected] / [email protected]/ [email protected] |
TENDER AGENT
Lucid Issuer Services Limited
Leroy House 5
436 Essex Road
London N1 3QP
Attention: Sunjeeve Patel / David Shilson
Telephone: +44 (0) 20 7704 0880
Email: [email protected]
Disclaimer This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information. If any Noteholder is in any doubt as to the action it should take, it is recommended to seek its own financial advice, including in respect of any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser.
[1] Inclusive of £283,451,000 in aggregate principal amount submitted on behalf of members of the Santander Group.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RTESSDSUUFDSESA
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.