West Bromwich Building Society has advised that, having obtained Relevant Supervisory Consent from the Prudential Regulation Authority, the Society will repay the remaining £3.938m PIBS in full on 5 April 2026 (to be paid on next available working day).
The PIBS will be repaid at their principal amount, together with unpaid interest accrued to (but excluding) the repayment date.
Following redemption of the PIBS, (i) the PIBS will be cancelled and no further interest payments will be made and (ii) request will be made to the Financial Conduct Authority (the FCA) for the listing of the PIBS on the Official List of the FCA and the admission to trading on the regulated market of the London Stock Exchange to be cancelled.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk