Virgin Money UK PLC Transaction in Own Shares and CDIs (0932C)

TIDMVMUK TIDM91XR

RNS Number : 0932C

Virgin Money UK PLC

07 October 2022

Virgin Money UK PLC

LEI: 213800ZK9VGCYYR6O495

ISIN: GB00BD6GN030

07 October 2022

Virgin Money UK PLC (the "Company")

Transaction in Own Shares and CDIs

The Company announces that on 06 October 2022 it had purchased a total of (a) 1,302,387 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) zero 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 06 October 2022          786,659           194,726        321,002       0 
                             ----------------  -------------  ------------  ------------ 
 Highest price paid           GBP1.3105         GBP1.3110      GBP1.3100     n/a 
  (per ordinary share/CDI) 
  on 06 October 2022 
                             ----------------  -------------  ------------  ------------ 
 Lowest price paid            GBP1.2800         GBP1.2805      GBP1.2800     n/a 
  (per ordinary share/CDI) 
  on 06 October 2022 
                             ----------------  -------------  ------------  ------------ 
 Volume weighted              GBP1.2921         GBP1.2925      GBP1.2923     n/a 
  average price paid 
  (per ordinary share/CDI) 
                             ----------------  -------------  ------------  ------------

The purchases form part of the Company's share buyback programme announced on 30 June 2022 (the "Buyback"). The Buyback will be effected within the scope of the authority conferred on the Company at its February 2022 Annual General Meeting. The proposed Buyback start date was 30 June 2022 and the proposed Buyback end date is 17 December 2022.

The total number of ordinary shares and CDIs purchased up to and including the prior announcement was 44,189,207 . As such, the Company has now bought back 45,491,594 ordinary shares and CDIs (in aggregate). In connection with the Buyback, the Company intends to repurchase up to GBP75 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 voting rights shall be 1,397,484,582.

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/0932C_1-2022-10-6.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 
                                      ------------------------------------

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October 07, 2022 02:00 ET (06:00 GMT)

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