Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from Shawbrook Group Plc ( (GB:SHAW) ).
Shawbrook Group plc has launched a tender offer inviting holders of its £124 million Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities to sell any or all of their notes for cash at 108% of principal, plus accrued interest. The bank is also open, on a separate and discretionary basis, to repurchasing the small remaining amount of a separate 2017 AT1 issue.
Alongside the buyback, Shawbrook plans to issue new sterling-denominated Fixed Rate Reset Perpetual AT1 securities, using the combination of tender and fresh issuance to optimise its regulatory capital profile. Investors who both tender their existing notes and apply for the new securities may receive priority in the new allocation, although Shawbrook retains full discretion over acceptance of tenders and new issue allocations, and any repurchased securities will be cancelled.
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 bank focused on serving small and medium-sized businesses, professional property investors and selected consumer finance segments. The group finances its activities primarily through wholesale and capital markets instruments, including Additional Tier 1 (AT1) capital securities, as part of its regulatory capital structure.
Average Trading Volume: 618,073
Technical Sentiment Signal: Strong Sell
Current Market Cap: £850.4M
For an in-depth examination of SHAW stock, go to TipRanks’ Overview page.