REG - Carlyle Inv. Mgmt Metro Bank PLC - Statement regarding Metro Bank plc

Metro Bank HoldingsAnnouncement

18/11/2021 07:05

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RNS Number : 7539S  Carlyle Investment Management LLC  18 November 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE").

 

For immediate release

 

18 November 2021

 

 

Funds affiliated with The Carlyle Group ("Carlyle")

Statement regarding Metro Bank plc ("Metro Bank" or the "Company")

 

Further to the announcement dated 4 November 2021, Carlyle and Metro Bank have
agreed to terminate discussions regarding a possible offer for the Company.

Carlyle and any person acting in concert with it will be bound by the
restrictions under Rule 2.8 of the Code. For the purpose of Rule 2.8 of the
Code, Carlyle and any person acting in concert with Carlyle, reserve the right
to announce an offer or possible offer for the Company or make or participate
in an offer or possible offer for the Company (and / or take any other actions
which would otherwise be restricted under Rule 2.8 of the Code) within the
next six months following the date of this announcement in the following
circumstances:

(i)         with the agreement or recommendation of the board of
directors of the Company;

(ii)         following the announcement of a firm intention to make an
offer for the Company by or on behalf of a third party;

(iii)        following the announcement by the Company of a "whitewash"
proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of
the Code) or a reverse takeover; and/or

(iv)        where the Panel on Takeovers and Mergers has determined
that there has been a material change of circumstances.

 

Enquiries:

 

Carlyle

Andrew Kenny +44 (0) 7816 176120

Greenbrook (Communications Adviser to Carlyle)

James Madsen +44 (0) 7867 472731

 

 

 

Important notices

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities whether
pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United
Kingdom may be restricted by law and therefore persons into whose possession
this announcement comes should inform themselves about, and observe, such
restrictions. Any failure to comply with the restrictions may constitute a
violation of the securities law of any such jurisdictions.

 

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