Nationwide Completes Acquisition of Virgin Money UK

Virgin Money UK PLC Shs Chess Depository (AU:VUK) has released an update.

Virgin Money UK PLC has been successfully acquired by Nationwide Building Society through a scheme of arrangement, with the deal now effective resulting in Nationwide owning the entire issued and to be issued share capital of Virgin Money. As a consequence, applications have been submitted for the cancellation of Virgin Money’s shares on the London Stock Exchange and Australian Securities Exchange, with payments to shareholders forthcoming. In conjunction with the acquisition, David Duffy has resigned as CEO of Virgin Money, and Chris Rhodes has been appointed as the new CEO.

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