Here at The Co-operative Bank, we provide as much information as possible to help you keep track of your shares and outline why we think you should invest.
On 24 May, the Bank announced that Coventry Building Society and six of The Co-operative Bank Holdings’ major owners had signed a share purchase agreement under which Coventry Building Society will acquire the entire issued share capital of the Bank, subject to regulatory approval. The transaction completed on 1 January 2025.
You can find all the details in the managing your shares section below.
Bank Holdings’ shareholders will, in accordance with Bank Holdings' Articles of Association and the terms of the SPA, be entitled to receive a total cash consideration of £780 million (subject to customary post-completion price adjustments and the terms of the SPA).
Of the total cash consideration, up to £125 million will be deferred for a period of 3 years from completion subject to the future performance of the Bank and the terms of the SPA.
We will confirm timelines in due course.
These are confidential and have been agreed between the Coventry Building Society and the Bank’s B shareholders.
As announced in the Bank’s Q3 Trading update on 26 November, The Board of The Co-operative Bank Holdings p.l.c. approved an interim dividend; 0.996774 pence per class A ordinary share for the year ended 31 December 2024 which was paid on 28 November 2024, returning £90m to shareholders.
The Co-operative Bank Holdings p.l.c. has 9,029m A shares of £0.0001 in issue, 100% of which are owned by Coventry Building Society.
For quick and easy access to information on the shares you hold, we recommend you use our Investor Centre, which is a free and secure online service run by Computershare, using this service you can:
You can register by visiting www.investorcentre.co.uk just make sure you have your Shareholder Reference Number (SRN) to hand.
Once you've registered, you'll be sent an activation code in the post to validate your account. Once activated, you'll have full access to the Investor Centre suite of services.
If you experience any issues with the Investor Centre, you can contact Computershare directly on +44 (0370) 707 1319 or email WebCorres@computershare.co.uk
Company Number 10865342 (England and Wales)
Public limited parent company (resolution entity) fully owned by Coventry Building Society. Issuing entity for all regulatory capital and MREL qualifying debt.
Company Number 11598074 (England and Wales)
Intermediate parent company wholly owned by The Co-operative Bank Holdings plc. Owns 100% of The Co-operative Bank p.l.c. Previous issuance entity for regulatory capital and MREL qualifying debt prior to notice of Issuer Substitution on 6 November 2023 at which point The Co-operative Bank Holdings plc replaced The Co-operative Bank Finance p.l.c as the principal debtor and issuer of the group’s existing capital and MREL qualifying debt.
Company Number 00990937 (England and Wales)
Operating company wholly owned by The Co-operative Bank Finance p.l.c. Originator of assets used for any covered bond or RMBS funding.
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