Public Ownership & Sale of Savings Business
29 Settembre 2008 - 8:50AM
UK Regulatory
RNS Number : 5189E
Bradford & Bingley PLC
29 September 2008
Bradford & Bingley plc
Public Ownership and Sale of Savings Business
29 September 2008
The Board of Bradford & Bingley plc ("Bradford & Bingley", "the Company" or "the Group") note the announcement by H M Treasury that it
has today acquired all the shares in Bradford & Bingley, that all share options and other entitlements to shares issued by the Company have
been extinguished and that the Group's savings business and branches have been transferred to the Banco Santander group ("Santander"), in
each case, by way of a Transfer Order made under the Banking (Special Provisions) Act 2008.
Santander is a group of banking and financial companies that operates through a network of offices and subsidiaries across Spain and
other European and Latin American countries (including the United Kingdom). With the transfer of our savings business to Santander, savings
customers can be confident that their money is secure in a well funded bank. The rest of the Group's business, including the mortgage
operation, has been taken into public ownership by the Government. Mortgage customers should continue to make payments as usual. Both the
savings business and mortgage operations will continue to operate as normal through these changes and branches, ATMs and on-line accounts
will all be operating as usual.
END
Further information
Further information on the Group and its business is available from the Company's website www.bbg.co.uk.
Enquiries
For further information please contact:
Investor Relations Media Relations
Katherine Conway Matthew Newton
+44 (0) 1274 554928 Finsbury
Neil Vanham +44 (0) 20 7251
+44 (0) 1274 806341 3801
Nickie Aiken,
Press Office
+44 (0) 20 7067
5645
This information is provided by RNS
The company news service from the London Stock Exchange
END
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