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Shawbrook Group Plc ( (GB:SHAW) ) has provided an announcement.
Shawbrook Group plc has successfully completed a tender offer for its £124 million Fixed Rate Reset Perpetual Additional Tier 1 write-down capital securities, receiving valid tenders totaling about £104.9 million by the 5 May 2026 deadline. The bank will purchase all tendered securities at 108% of their principal amount plus accrued interest, leaving approximately £19.1 million of the notes outstanding after settlement expected on 8 May 2026.
The completion of the offer, conditional on the concurrent issuance of new securities that settled on 6 May 2026, represents an active optimisation of Shawbrook’s regulatory capital structure and funding profile. Following redemption of the tendered instruments, the redeemed securities will be delisted from the International Securities Market of the London Stock Exchange, simplifying the group’s outstanding capital stack and potentially improving the efficiency of its Additional Tier 1 capital base.
The most recent analyst rating on (GB:SHAW) stock is a Buy with a £5.20 price target. To see the full list of analyst forecasts on Shawbrook Group Plc stock, see the GB:SHAW Stock Forecast page.
More about Shawbrook Group Plc
Shawbrook Group plc is a UK-based specialist lending and savings bank focused on serving small and medium-sized businesses, professional property investors, and personal customers with niche financing solutions. The group funds its activities primarily through retail and commercial deposits and accesses capital markets instruments to support regulatory capital and growth.
Average Trading Volume: 592,709
Technical Sentiment Signal: Strong Sell
Current Market Cap: £850.4M
For a thorough assessment of SHAW stock, go to TipRanks’ Stock Analysis page.