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Nationwide Building Society (CEBB) Floating Rate PIBS

Sell:£101.50 Buy:£106.00 Change: No change *
Market closed |  Prices as at close on 22 October 2021 | Switch to live prices |
Tender Offer

Nationwide Building Society Floating Rate PIBS

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 24 Jun 2021)

Nationwide Building Society is proposing to make some changes to its floating rate permanent interest-bearing shares (PIBs). At the same time they are offering to buy the PIBs back at 104p per share in a tender offer.

 

Subject to shareholder approval at a meeting on 7 July, two changes will be made to the PIBs. In summary they are:


1. Changing the benchmark index used to calculate the interest rate paid and increasing the interest rate margin by 0.2766% to compensate for the fact the new index is traditionally lower.


2. Give Nationwide the right to redeem the shares in, or after, September 2030 for 100p per share and introduce a further increase in the interest rate of 1.5% per year after 30 September 2021

 

You can tender your PIBs below. The amount you tender must be a multiple of 1,000 PIBs. If you tender your PIBs you are automatically counted as a vote in favour of the changes.

 

If you don’t wish to tender your PIBs you can vote for or against the proposals. If you want to vote in a different way for each proposal please outline this in the further details box.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:£101.50
Buy:£106.00
Change: No change *
Market closed |  Prices as at close on 22 October 2021 | Switch to live prices |
Tender Offer

Nationwide Building Society Floating Rate PIBS

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 24 Jun 2021)

Nationwide Building Society is proposing to make some changes to its floating rate permanent interest-bearing shares (PIBs). At the same time they are offering to buy the PIBs back at 104p per share in a tender offer.

 

Subject to shareholder approval at a meeting on 7 July, two changes will be made to the PIBs. In summary they are:


1. Changing the benchmark index used to calculate the interest rate paid and increasing the interest rate margin by 0.2766% to compensate for the fact the new index is traditionally lower.


2. Give Nationwide the right to redeem the shares in, or after, September 2030 for 100p per share and introduce a further increase in the interest rate of 1.5% per year after 30 September 2021

 

You can tender your PIBs below. The amount you tender must be a multiple of 1,000 PIBs. If you tender your PIBs you are automatically counted as a vote in favour of the changes.

 

If you don’t wish to tender your PIBs you can vote for or against the proposals. If you want to vote in a different way for each proposal please outline this in the further details box.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:£101.50
Buy:£106.00
Change: No change *
Market closed |  Prices as at close on 22 October 2021 | Switch to live prices |
Tender Offer

Nationwide Building Society Floating Rate PIBS

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 24 Jun 2021)

Nationwide Building Society is proposing to make some changes to its floating rate permanent interest-bearing shares (PIBs). At the same time they are offering to buy the PIBs back at 104p per share in a tender offer.

 

Subject to shareholder approval at a meeting on 7 July, two changes will be made to the PIBs. In summary they are:


1. Changing the benchmark index used to calculate the interest rate paid and increasing the interest rate margin by 0.2766% to compensate for the fact the new index is traditionally lower.


2. Give Nationwide the right to redeem the shares in, or after, September 2030 for 100p per share and introduce a further increase in the interest rate of 1.5% per year after 30 September 2021

 

You can tender your PIBs below. The amount you tender must be a multiple of 1,000 PIBs. If you tender your PIBs you are automatically counted as a vote in favour of the changes.

 

If you don’t wish to tender your PIBs you can vote for or against the proposals. If you want to vote in a different way for each proposal please outline this in the further details box.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Annual & interim reports

Annual & interim reports are not available for this stock.

Financial results for the last 5 years

Values are quoted in the stock's local currency: British pound.

Income Statement: 04/04/2014 04/04/2013 04/04/2012 04/04/2011 04/04/2010
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Revenue: 2,895.00 2,485.00 2,178.00 2,067.00 2,169.00
Operating Profit / (Loss): 677.00 168.00 203.00 317.00 341.00
Net Interest: n/a n/a n/a n/a n/a
Profit Before Tax: 677.00 168.00 203.00 317.00 341.00
Profit after tax from continuing operations: 549.00 178.00 179.00 248.00 264.00
Discontinued Operations:   
Profit after tax from discontinuing operations: n/a n/a n/a n/a n/a
Profit for the period: 549.00 178.00 179.00 248.00 264.00
Attributable to:   
Equity holders of parent company: 549.00 178.00 179.00 248.00 264.00
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Dividend Paid: c n/a c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: n/a n/a n/a n/a n/a
Diluted: n/a n/a n/a n/a n/a
Adjusted: n/a n/a n/a n/a n/a
Dividend per Share: 0.00p 0.00p 0.00p 0.00p 0.00p
Balance Sheet: 04/04/2014 04/04/2013 04/04/2012 04/04/2011 04/04/2010
 
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: n/a n/a n/a n/a n/a
Intangible Assets: n/a n/a n/a n/a n/a
Investment Properties: n/a n/a n/a n/a n/a
Investments: n/a n/a n/a n/a n/a
Other Financial Assets: n/a n/a n/a n/a n/a
Other Non-Current Assets: n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
Current Assets:   
Inventories: n/a n/a n/a n/a n/a
Trade and Other Receivables: n/a n/a n/a n/a n/a
Cash at Bank & In Hand: n/a n/a n/a n/a n/a
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
Other Assets: n/a n/a n/a n/a n/a
Total Assets: n/a n/a n/a n/a n/a
Liabilities:   
Current Liabilities:   
Borrowings: n/a n/a n/a n/a n/a
Other Current Liabilities: n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
Net Current Assets: c n/a c n/a c n/a c n/a c n/a
Non-Current Liabilities:   
Borrowings: n/a n/a n/a n/a n/a
Provisions: n/a n/a n/a n/a n/a
Other Non-Current Liabilities: n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
Other Liabilities: n/a n/a n/a n/a n/a
Total Liabilities: n/a n/a n/a n/a n/a
Net Assets: n/a n/a n/a n/a n/a
Capital & reserves:   
Share Capital: n/a n/a n/a n/a n/a
Share Premium Account: n/a n/a n/a n/a n/a
Other Reserves: n/a n/a n/a n/a n/a
Retained Earnings: n/a n/a n/a n/a n/a
Shareholders Funds: n/a n/a n/a n/a n/a
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Equity: n/a n/a n/a n/a n/a

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Financials provided by Digital Look Ltd.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.