LONDON - Santander (BME:SAN) UK plc has announced the approval of a listing prospectus by the UK Financial Conduct Authority, paving the way for a series of its Equity Index Linked Notes to transition from Euronext (EPA:ENX) Dublin to the London Stock Exchange (LON:LSEG)'s Main Market. The move, expected to occur on or around November 29, 2024, will see multiple series of notes, currently traded on Euronext Dublin, admitted to the official list of the Financial Conduct Authority (FCA) and to trading on the London Stock Exchange.
The notes involved in this transition include various series with maturity dates ranging from December 2024 to August 2027, amounting to significant values in British pounds. The most substantial of these is the Series 1180, with an issue of £39,381,201 Equity Index Linked Notes due in February 2027.
Following the anticipated admission to the London Stock Exchange, Santander UK intends to delist the notes from Euronext Dublin shortly thereafter. This strategic move will consolidate the trading of these financial instruments within a single, prominent financial market, potentially offering greater liquidity and access to a broader base of investors.
The prospectus, which details the specifics of the notes and the conditions of their listing, has been made available for public viewing. Interested parties can access the document through the National Storage Mechanism or directly via Santander UK's investor relations website.
It is important to note that this article is based on a press release statement. The transition of Santander UK's Equity Index Linked Notes to the London Stock Exchange represents a significant step for the company in its capital market activities. Investors and market observers will be watching closely to see how this move will influence trading volumes and the visibility of Santander UK's financial instruments in the market.
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