REG - Metro Bank PLC - Holding(s) in Company

Metro Bank HoldingsAnnouncement

24/11/2021 16:15

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RNS Number : 5025T  Metro Bank PLC  24 November 2021

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BZ6STL67

Issuer Name

METRO BANK PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of
financial instruments

3. Details of person subject to the notification obligation

Name

Spruce House Investment Management

City of registered office (if applicable)

New York

Country of registered office (if applicable)

USA

4. Details of the shareholder

 Name                               City of registered office  Country of registered office

 The Spruce House Partnership LLC                              USA

5. Date on which the threshold was crossed or reached

19-Nov-2021

6. Date on which Issuer notified

23-Nov-2021

7. Total positions of person(s) subject to the notificationobligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  4.210000                                              4.780000                                                                   8.990000                        15500000
 Position of previous notification (if applicable)                          3.070000                                              5.920000                                                                   8.990000

8. Notified details of the resulting situation on the date on whichthe
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
                                              7254000                                                                               4.210000

 GB00BZ6STL67

                                              7254000                                                                               4.210000%

 Sub

   Total 8.A

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub

   Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights
                               17-Nov-21                                    Cash                         2490000                  1.440000

 Bullet Swap

                               8-Dec-21                                     Cash                         2586000                  1.500000

 Bullet Swap

                               22-Dec-21                                    Cash                         3170000                  1.840000

 Bullet Swap

                                                                                                         8246000                  4.780000%

 Sub

   Total 8.B2

9. Information in relation to the person subject to thenotification obligation

1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuer.

 Ultimate controlling person        Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                than the notifiable threshold
                                                                    4.210000                                                                    4.780000                                                                    8.990000

 The Spruce House Partnership LLC

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

23-Nov-2021

13. Place Of Completion

New York, NY USA

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