June 4 (Reuters) - CYBG Plc CYBGC.L :
* BOARDS OF VIRGIN MONEY AND CYBG CONFIRM THAT CYBG HAS MADE REVISED PROPOSAL TO VIRGIN MONEY, TWO FIRMS IN DISCUSSIONS REGARDING ALL-SHARE COMBINATION
* REVISED PROPOSAL DOES NOT IMPOSE ANY OBLIGATION ON CYBG TO MAKE AN OFFER, NOR DOES IT EVIDENCE A FIRM INTENTION TO MAKE AN OFFER WITHIN MEANING OF CODE
* RESERVES RIGHT TO MAKE AN OFFER AT ANY TIME ON REDUCED TERMS THAN 1.2125 NEW CYBG SHARES FOR EACH VIRGIN MONEY SHARE
* UNDER TERMS OF REVISED PROPOSAL, CYBG WOULD ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF VIRGIN MONEY ON BASIS OF AN EXCHANGE RATIO OF 1.2125 NEW CYBG SHARES FOR EACH VIRGIN MONEY SHARE Further company coverage: CYBGC.L