London Stock Exchange today welcomed CYBG PLC
London Stock Exchange today welcomed CYBG PLC (“CYBG” or the “Company”), the largest of the UK’s mid-sized banks, on the first day of conditional trading on London Stock Exchange plc’s main market for listed securities.
To celebrate the occasion, David Duffy, CEO, and other members of senior management joined Nikhil Rathi, CEO of the London Stock Exchange, to open conditional trading in London this morning.
With over 175 years of history, CYBG has strong local community brands (Clydesdale Bank and Yorkshire Bank) and a long established franchise in its core regional and selected national markets. Its retail and SME franchises have significant scale and strong market shares in personal current accounts, business current accounts, SME business lending and mortgages in its core regions. Clydesdale Bank is also one of only a small number of banks in the world that issues banknotes.
David Duffy, Chief Executive Officer, commented: “This is truly a landmark day for CYBG as we move towards becoming an independent banking group for the first time in almost a century and we are delighted to be listing on both the London Stock Exchange and the Australian Securities Exchange
“CYBG is in great shape to begin this exciting new chapter. With the IPO process successfully behind us, all of our energy will be dedicated to delivering industry leading service for our customers and improved and sustainable returns for our new and future shareholders from around the world.”
Jim Pettigrew, Chairman, added: “Today marks a very important milestone in our 177 year history as we begin life as an independent listed company. I welcome our new shareholders and thank them for the confidence they have shown in our business. We embark upon this exciting new chapter for CYBG with a strong customer focussed franchise, a large and loyal customer base and a first class management team determined to deliver on our strategy.”
The shares are traded under the ticker symbol “CYBG”.