THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION
THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN
THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).
The
Co-operative Bank Holdings Limited
5th March 2024
Notice of Redemption to
Holders
The Co-operative Bank Holdings
Limited (the Issuer) refers
to its £200,000,000 9.500 per cent. Fixed
Rate Reset Callable Subordinated Tier 2 Notes due 2029 (ISIN:
XS1986325972, such Notes originally issued by The Co-operative Bank
Finance p.l.c.), of which £36,490,000 remain outstanding (the
Notes).
Terms used but not defined in this
announcement have the meanings given to them in the Terms and
Conditions of the Notes.
The Issuer refers to Condition 6.2
(Redemption on the Reset Date at
the option of the Issuer) whereby the Issuer may, subject to
Condition 6.7, at its option on the Reset Date, on not less than 30
nor more than 60 days' notice, redeem all of the Notes that remain
outstanding at an amount equal to their principal amount, together
with any unpaid interest accrued to (but excluding) the Reset Date,
in accordance with the Terms and Conditions of the
Notes.
NOTICE IS HEREBY GIVEN that all
of the outstanding Notes will be redeemed on 25 April 2024 (being
the Reset Date) pursuant to Condition 6.2 (Redemption on the Reset Date at the option of
the Issuer). On the Reset Date, the Notes will be redeemed
in an amount equal to the principal amount outstanding of such
Notes, together with any unpaid interest accrued to (but excluding)
the Reset Date. Following the Reset Date, the Notes shall be
cancelled.
Payment in relation to the Notes will
be made in accordance with the usual procedures of Clearstream,
Luxembourg and/or Euroclear.
The Issuer hereby also gives notice
that the listing of the Notes on the Financial Conduct Authority's
Official List and the admission of the Notes to trading on the Main
Market of the London Stock Exchange plc will be cancelled on, or
shortly after, 25 April 2024.
This announcement is released by the Issuer and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the EUWA (UK MAR), encompassing information relating to
the Offer described above. For the purposes of UK MAR and the
Implementing Technical Standards, this announcement is made by
Angela Catlin, Head of Investor Relations of the
Offeror.
LEI: 213800MY2BSP459O8A22
DISCLAIMER No offer or
invitation to acquire any securities is being made pursuant to this
announcement. The distribution of this announcement in certain
jurisdictions may be restricted by law. Persons into whose
possession this announcement come(s) are required by the Issuer to
inform themselves about, and to observe, any such
restrictions.