- CYBG PLC has changed its name to Virgin Money UK PLC
- The Group’s shares will now trade under the new name Virgin Money UK PLC on the London Stock Exchange
- This follows the completion of the Part VII transfer process which brought all customers together under a single banking licence.
CYBG has reached another significant milestone in its integration programme as it changes its name from CYBG PLC to Virgin Money UK PLC. As a result, from today the Group’s shares will trade under the new name Virgin Money UK PLC and the London Stock Exchange symbol will change to VMUK.
This follows last week’s announcement of the start of the Virgin Money brand relaunch and rebrand after completion of the FSMA Part VII transfer process that brought together Clydesdale Bank, Yorkshire Bank, B and Virgin Money customers under a single authorised and regulated banking entity.
David Duffy, Chief Executive of Virgin Money UK PLC, said:
“Today represents an important milestone in our integration journey as we bring together the best of both heritages under the Virgin Money UK PLC banner. The new Virgin Money has a clear ambition to disrupt the status quo by combining the iconic Virgin brand, with its distinctive and brilliant customer experience, with CYBG’s technology and product expertise. We are reinventing the role of banking in people’s lives.
“In December, we will bring the new Virgin Money to the high street, with the rebrand of our Manchester, Birmingham and Kensington (London) stores, as well as the B digital banking app taking up the refreshed Virgin Money brand. We will continue to keep customers up-to-date as we transform our business, creating a new force in consumer and business banking.”
The Group is in the process of registering its change of foreign company name from CYBG PLC to Virgin Money UK PLC with the Australian Securities and Investments Commission (ASIC). The Group will make an Australian Securities Exchange (ASX) announcement regarding its change of name and ASX code once the name has been successfully registered with ASIC, which is expected in the next two weeks.