Petitions to Transfer Business
In the HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES COMPANIES COURT (ChD) No CR-2020-004078
In the Matter of SANTANDER UK PLC
and
IN THE MATTER OF
PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
NOTICE IS HEREBY GIVEN that, on 14 April 2021, an application (the “Application”) was made under section 107 of the Financial Services and Markets Act 2000 (“FSMA”) in the High Court of Justice in London (the “Court”) by Santander UK plc (“Santander UK”) for:
1. An order under section 111 of FSMA sanctioning a banking business transfer scheme (the “Scheme”) under which substantially all of the Santander Corporate and Investment Banking business undertaken by Santander UK will be transferred to the London branch of Banco Santander, S.A. (the “SLB”).
2. Any such order as may be required under section 112(1)(d) of FSMA with respect to such incidental, consequential and supplementary matters as are necessary to secure that the Scheme is fully and effectively carried out.
3. Such other orders as the Court may deem appropriate.
The Scheme will also make certain changes to existing contracts, agreements and other documentation of Santander UK where such changes are required or desirable as a result of the effects of the Scheme. For example, the Scheme will update references from Santander UK to the SLB in agreements that transfer under the Scheme, as well as related notices.
A summary statement setting out the terms of the Scheme, and the Scheme document itself, are available to view or download free of charge on www.santandercibPartVII.co.uk from the date of publication of this notice until the date on which the Application will be heard by the Court. If you would like to receive a printed copy of these documents, please contact Santander UK by calling on 0800 085 1673 (lines are open Monday to Friday 9am to 5pm (excluding bank holidays)), emailing queriescibPartVII@santandercib.co.uk or writing to 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom.
The Application is due to be heard before a High Court Judge on 23 June 2021. In light of government guidance regarding Covid-19 and the procedures being operated by the Court at the time (which remain uncertain as at the date of this notice), please note that it is possible that, as required by the Court, the hearing may take place in person at the Rolls Building, Fetter Lane, London EC4A 1NL or remotely via Skype or another teleconferencing service, or as a hybrid hearing taking place both in person and remotely. The manner of the hearing will be determined by the Court closer to the date of the hearing.
Any person who claims to be adversely affected by the carrying out of the Scheme is entitled to appear at the time of the hearing and express their views in person or by legal representative.
Any person intending to attend is requested (but not obliged) to give notice of such intention as soon as possible and preferably by Thursday 17 June 2021, setting out the grounds of their objection in writing to the dedicated e-mail address at objectionscibPartVII@santandercib.co.uk or by post to the following address: Santander Objections, Santander CIB, 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. This will enable Santander UK to provide notification of any changes to the hearing, including any details that may be necessary to attend the hearing, whether remotely or in person, and, where possible, to address any concerns raised in advance of the hearing.
Any person who claims that they will be adversely affected by the Scheme but does not intend to attend the hearing may also make representations about the Scheme by giving notice of such representations, as soon as possible and preferably by Thursday 17 June 2021, in writing to the dedicated e-mail address at objectionscibPartVII@santandercib.co.uk or by post to the following address: Santander Objections, Santander CIB, 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom.