29 Jul 2021 13:56
Notice of RESULTS of adjourned meeting
Ulster Bank Ireland DAC
(incorporated in Ireland as a designated activity company limited by shares, company number 25766)
(the "Issuer")
Legal Entity Identifier (LEI): 635400KQIMALJ4XLAD78
in relation to the adjourned Meeting of the holders of its outstanding
STG £5,000,000 Floating Rate Subordinated Bonds (ISIN: IE0004325282)
(the "Bonds")
NOTICE IS HEREBY GIVEN to holders of the Bonds that, at the adjourned Meeting of such holders held via teleconference at 10:00 a.m. (London time) on 28 July 2021, the Resolution set out in the Notice of Adjourned Meeting dated 8 July 2021 (the "Notice of Adjourned Meeting"), previously notified to Bondholders in accordance with the terms and conditions of the Bonds (the "Conditions"), was duly passed and the Amendment Deed to implement the Resolution was subsequently executed. Capitalised terms used but not defined herein have the meanings given to them in the Notice of Adjourned Meeting.
The modifications to the Conditions to change the relevant reference rate for calculating interest on the Bonds from the London Inter-Bank Offered Rate (LIBOR) to the Sterling Overnight Index Average (SONIA) will therefore take effect from the Interest Payment Date falling in March 2022 and the Margin payable on the Bonds will be increased to 2.8266 per cent. to reflect the change in reference rate.
This Notice is given by Ulster Bank Ireland DAC.
Dated: 29 July 2021