June 3 (Reuters) - CYBG PLC CYBGC.L :
* VIRGIN MONEY, CYBG CONFIRM CYBG HAS MADE REVISED PROPOSAL TO VIRGIN MONEY; DISCUSSING ALL-SHARE COMBINATION TO CREATE NEW NATIONAL COMPETITOR IN UK BANKING
* CYBG- WILL ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF VIRGIN MONEY ON EXCHANGE RATIO BASIS OF 1.2125 NEW CYBG SHARES FOR EACH VIRGIN MONEY SHARE
* CYBG- VIRGIN MONEY SHAREHOLDERS WOULD OWN ABOUT 38% OF COMBINED GROUP Further company coverage: CYBGC.L