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 
                                      ------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSFSSFAFEESEFE

(END) Dow Jones Newswires

December 02, 2022 02:00 ET (07:00 GMT)

Grafico Azioni Ve Bionic Etf (LSE:CYBG)
Storico
Da Dic 2022 a Gen 2023 Clicca qui per i Grafici di Ve Bionic Etf
Grafico Azioni Ve Bionic Etf (LSE:CYBG)
Storico
Da Gen 2022 a Gen 2023 Clicca qui per i Grafici di Ve Bionic Etf