"" Nationwide Building Society has completed the re-sale of 793,651 Core Capital Deferred Shares, generating £100m in proceeds. The shares were sold at a price of £126 per share, with buyers also paying £1.90 per share for potential future distributions.
The re-sale transaction was restricted to UK MiFIR professionals and eligible counterparties, with no sales permitted to retail investors in the European Economic Area and the United Kingdom. Following the transaction's completion, Nationwide will hold 639,504 Core Capital Deferred Shares on its balance sheet.
The total number of shares in issue remains unchanged, with the Core Capital Deferred Shares having a nominal value of £1 each. Nationwide announced the re-sale on Sunday and priced the transaction on Monday.
According to Jason Wright, Group Secretary of Nationwide Building Society, the re-sale was made in accordance with the UK Market Abuse Regulation.
The re-sale of these shares marks a significant milestone for Nationwide Building Society, demonstrating its commitment to maintaining a strong capital position.
Background
Nationwide Building Society is a UK-based building society with a long history of providing financial services to its members. The Core Capital Deferred Shares are a type of deferred share that carries a nominal value of £1 each.
Key Facts
- £100m generated in proceeds from re-sale of 793,651 Core Capital Deferred Shares
- Shares sold at £126 per share, with buyers paying £1.90 per share for potential future distributions
- Restriction on sales to UK MiFIR professionals and eligible counterparties only
- Nationwide to hold 639,504 Core Capital Deferred Shares on its balance sheet
- Total number of shares in issue remains unchanged