CYBG PLC Non-Binding Proposal Update (3758X)
February 21 2017 - 2:01AM
UK Regulatory
TIDMCYBG TIDM11IO
RNS Number : 3758X
CYBG PLC
21 February 2017
CYBG PLC
(Company)
20 February 2017
CYBG PLC - update on preliminary non-binding proposal to The
Royal Bank of Scotland Group plc
Further to CYBG PLC's ("CYBG" or "the Company") announcement on
25 October 2016 and RBS Group plc's ("RBS") announcement on 17
February 2017, the Company has notified RBS that it has withdrawn
its preliminary non-binding proposal for, and ceased discussions
relating to, the Williams & Glyn operations.
CYBG's medium term performance targets are wholly based on the
organic business strategy and incorporate prudent economic planning
assumptions. Building on progress made since the demerger and IPO,
CYBG continues to focus on and deliver against its strategy of
sustainable customer growth, efficiency and capital optimisation,
as outlined on Capital Markets Day in September 2016.
As previously stated, the Board of CYBG will continue to
evaluate potential inorganic opportunities to enhance its business
in line with the Company's strategic objectives.
Enquiries
Investors and Analysts
John Crosse 07917 172535
Head of Investor Relations john.crosse@cybg.com
Hany Messieh +61 414 446 876
Investor Relations (Australia) hany.messieh@cybg.com
Company Secretary
Lorna McMillan 07834 585436
Company Secretary lorna.mcmillan@cybg.com
Media Relations
Christina Kelly 07844 905 358
Senior Media Relations Manager christina.kelly@cybg.com
Anthony Thompson 07484 046 241
Head of Corporate Affairs anthony.thompson@cybg.com
Aarti Iyer 07990 003 802
Bell Pottinger AIyer@bellpottinger.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation No 596/2014. Upon the publication of
this announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain.
Forward looking statements
The information in this document may include forward looking
statements, which are based on assumptions, expectations,
valuations, targets, estimates, forecasts and projections about
future events. These can be identified by the use of words such as
'expects', 'aims', 'targets', 'seeks', 'anticipates', 'plans',
'intends', 'believes', 'estimates', 'potential', 'possible', and
similar words or phrases. These forward-looking statements, as well
as those included in any other material discussed at any
presentation, are subject to risks, uncertainties and assumptions
about CYBG PLC and its group (the "CYBG Group") and its securities,
investments and the environment in which it operates, including,
among other things, the development of its business and strategy,
trends in its operating industry, changes to customer behaviours
and covenant, macroeconomic and/ or geopolitical factors, changes
to law and/ or the policies and practices of the Bank of England,
the Financial Conduct Authority and/ or other regulatory bodies,
inflation, deflation, interest rates, exchange rates, changes in
the liquidity, asset position and/ or credit ratings of the CYBG
Group, the status of the UK's membership of the European Union, and
future capital expenditures and acquisitions.
In light of these risks, uncertainties and assumptions, the
events in the forward-looking statements may not occur.
Forward-looking statements involve inherent risks and
uncertainties. Other events not taken into account may occur and
may significantly affect the analysis of the forward-looking
statements. There can be no assurance that any such projections or
estimates will be realised or that actual returns or other results
will not be materially lower than those set out in this document
and/ or discussed at any presentation. All forward-looking
statements should be viewed as hypothetical. No representation or
warranty is made that any forward-looking statement will come to
pass.
No member of the CYBG Group, associated entities or businesses,
or their respective directors, officers, employees, agents,
advisers or affiliates, undertakes to publicly update or revise any
such forward-looking statement nor accepts any responsibility,
liability or duty of care whatsoever for (whether in contract, tort
or otherwise) or makes any representation or warranty, express or
implied, as to the truth, fullness, fairness, accuracy, sufficiency
or completeness of, the information in this document.
The information, statements and opinions contained in this
document do not constitute a public offer under any applicable
legislation or an offer to sell or solicitation of any offer to buy
any securities or financial instruments or any advice or
recommendation with respect to such securities or other financial
instruments.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDKBLFLDLFLBBB
(END) Dow Jones Newswires
February 21, 2017 02:01 ET (07:01 GMT)
Virgin Money Uk (LSE:VMUK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Virgin Money Uk (LSE:VMUK)
Historical Stock Chart
From Apr 2023 to Apr 2024