Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
LONDON - J.P. Morgan Securities plc announced today it will act as the Stabilisation Coordinator for Nationwide Building Society (LON:NBS)’s new securities offering. The securities, described as GBP PNC Dec 31 Additional Tier 1 (AT1) notes, are to be listed on the London Stock Exchange (LON:LSEG) and are currently without a set offer price.
The stabilisation period, which is in compliance with EU market regulations, commenced today and is slated to conclude by July 3, 2025. During this time, the Stabilisation Manager(s) have the authority to over-allot securities up to 5% of the aggregate nominal amount and may undertake transactions to support the market price of the securities.
J.P. Morgan Securities Plc will coordinate the effort with Natwest and Lloyds (LON:LLOY) serving as Stabilisation Managers. These actions are intended to maintain pricing stability post-launch, but there is no guarantee that stabilisation activities will occur; if initiated, they can end at any time within the specified period.
This pre-stabilisation notice specifies that the offering is aimed at persons outside the United Kingdom (TADAWUL:4280) or those within it who have professional investment experience or are high net worth entities. The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the U.S. without registration or exemption.
This announcement serves as a factual statement based on a press release and does not constitute an offer to underwrite, subscribe for, or acquire securities. It is directed solely at qualified investors and those legally permitted to engage with such offers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.