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Nationwide Building Society announced on 1 October 2025 that it has confirmed in writing to The Takeover Panel its compliance with post-offer intention statements. This follows the completion of its all-cash offer for Virgin Money UK PLC on 1 October 2024, effected by a Court-sanctioned scheme of arrangement. Compliance is confirmed save as detailed in its announcement on 23 May 2025, which updated original intentions from 21 March 2024 and 22 April 2024.
| Date | 1 Oct 2025 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 4698B |
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, AMONGST OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.
FOR RELEASE
1 October 2025
Nationwide Building Society
("Nationwide")
Rule 19.6(c) confirmation of post-offer intention statements
Nationwide announces that, further to the completion of its recommended all-cash offer for the entire issued and to be issued share capital of Virgin Money UK PLC ("Virgin Money") on 1 October 2024, which was effected by way of a Court-sanctioned scheme of arrangement, it has duly confirmed in writing to The Takeover Panel in accordance with the requirements of Rule 19.6(c) of the Code that it has complied with its post-offer intention statements made pursuant to Rule 2.7(c)(viii) and Rule 24.2 of the Code, save as detailed in its announcement on 23 May 2025 entitled "Update to Stated Post-Offer Intention Statements" made pursuant to Rule 19.6(b) of the Code, as originally detailed in its Rule 2.7 announcement dated 21 March 2024 and in the scheme document published by Virgin Money on 22 April 2024.
Enquiries
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Investors |
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Vikas Sidhu |
nationwide.treasury@nationwide.co.uk |
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Media |
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Sara Batchelor |
press.office@nationwide.co.uk |
About Nationwide
Nationwide is the world's largest building society, with over 16 million members. Following its acquisition of Virgin Money UK PLC, Nationwide is connected with one in three people in the UK and is the second largest provider of mortgages and retail deposits. It is also a major provider of current accounts, credit cards, personal loans and business banking. Customers can choose to manage their finances in a branch, via mobile app, the internet, telephone, and post. Nationwide has around 25,000 employees and its head office is in Swindon, UK.
As a financial services provider owned by its members, not shareholders, Nationwide's purpose is: Banking - but fairer, more rewarding, and for the good of society. For more information see https://www.nationwide.co.uk/about-us/.