REG-Metro Bank Holdings PLC Issue of Bonus Shares

Metro Bank HoldingsAnnouncement

06/06/2023 07:15

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   Metro Bank Holdings PLC (MTRO)
   Issue of Bonus Shares

   06-Jun-2023 / 07:00 GMT/BST

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                                       Metro Bank Holdings PLC (LSE: MTRO LN)

                                                                  6 June 2023

    

    

   Metro Bank Holdings PLC (“Metro Bank”)

    

   Legal Entity Identifier: 984500CDDEAD6C2EDQ64

    

   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 OF THAT JURISDICTION.

    

   CAPITALISED TERMS DEFINED IN THE  SCHEME DOCUMENT AND PROSPECTUS HAVE  THE
   SAME MEANING WHEN USED IN  THIS ANNOUNCEMENT, UNLESS OTHERWISE DEFINED  IN
   THIS ANNOUNCEMENT.

    

                             Issue of Bonus Shares

    

   As set out  in the  Scheme Document and  Prospectus dated  22 March  2023,
   Metro Bank has capitalised the merger reserve which arose when the  Scheme
   became effective  by using  the  merger reserve  to  pay up  newly  issued
   special shares of £0.000001 each in the capital of Metro Bank by way of  a
   bonus issue to the shareholders of Metro Bank (“Bonus Shares").

   Metro Bank  today confirms  that the  Bonus Shares  have been  issued  and
   credited as fully paid to the shareholders of Metro Bank in proportion  to
   the number of New MB Shares held by them. Fractional entitlements shall be
   disregarded in accordance with the Articles of Association.

   The  Bonus  Shares  have  been  issued  to  facilitate  the  creation   of
   distributable reserves and do not carry a right to receive notice,  attend
   or vote at general meetings. The Bonus Shares are expected to exist for  a
   short amount of time and will be cancelled subject to Court approval.  The
   Bonus Shares  are not  transferrable  and no  share certificates  will  be
   issued in respect of them and they will not be admitted to CREST.

   Enquiries

   For more information, please contact:

   Metro Bank Investor Relations

   Jo Roberts

   +44 (0) 20 3402 8900

    1 IR@metrobank.plc.uk

    

   Metro Bank Media Relations

   Tina Coates / Mona Patel

   +44 (0) 7811 246016 / +44 (0) 7815 506845

    2 pressoffice@metrobank.plc.uk

    

   Teneo

   Charles Armitstead / Haya Herbert Burns

   +44 (0)7703 330269 / +44 (0) 7342 031051

    3 metrobank@teneo.com

    

   RBC Capital Markets (Sponsor to Metro Bank)

   Rupert Walford / Elliot Thomas / Kathryn Deegan

   +44 (0) 20 7653 4000

    

                                      ENDS

    

   About Metro Bank

    

   Metro Bank services 2.7  million customer accounts  and is celebrated  for
   its exceptional customer experience. It  is the highest rated high  street
   bank for overall service quality for personal customers and the best  bank
   for  service  in-store  for  personal  and  business  customers,  in   the
   Competition and  Markets Authority’s  Service Quality  Survey in  February
   2023. Metro Bank has also been awarded “2023 Best Lender of the Year – UK”
   in the M&A Today, Global Awards,  “Best Mortgage Provider of the Year”  in
   2022 MoneyAge  Mortgage  Awards,  “Best  Business  Credit  Card”  in  2022
   Moneynet Personal Finance Awards, “Best Business Credit Card 2022”, Forbes
   Advisor, “Best  Current  Account for  Overseas  Use” by  Forbes  2022  and
   accredited as a top ten Most Loved Workplace 2022.  It was “Banking  Brand
   of The Year” at the Moneynet Personal Finance Awards 2021 and received the
   Gold Award  in the  Armed Forces  Covenant’s Employer  Recognition  Scheme
   2021.

    

   The community bank offers retail, business, commercial and private banking
   services, and  prides  itself  on  giving customers  the  choice  to  bank
   however, whenever and wherever they  choose, and supporting the  customers
   and communities it serves. Whether that’s through its network of 76 stores
   open seven days a week, 362 days a year; on the phone through its UK-based
   contact centres; or online through  its internet banking or  award-winning
   mobile app, the bank offers customers real choice.

    

   Metro Bank PLC. Registered in England and Wales. Company number:  6419578.
   Registered office: One Southampton Row,  London, WC1B 5HA. ‘Metrobank’  is
   the registered trademark of Metro Bank PLC.

    

   It is authorised by the  Prudential Regulation Authority and regulated  by
   the Financial  Conduct  Authority  and  Prudential  Regulation  Authority.
   Eligible deposits  are protected  by the  Financial Services  Compensation
   Scheme. For further information about the Scheme refer to the FSCS website
   www.fscs.org.uk. All  Metro  Bank  products  are  subject  to  status  and
   approval.

    

   Metro Bank PLC is an independent UK  bank – it is not affiliated with  any
   other  bank  or  organisation  (including  the  METRO  newspaper  or   its
   publishers) anywhere in the  world. Please refer to  Metro Bank using  the
   full name.

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BMX3W479
   Category Code:  MSCM
   TIDM:           MTRO
   LEI Code:       984500CDDEAD6C2EDQ64
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   248682
   EQS News ID:    1649837


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:IR@metrobank.plc.uk
   2. mailto:pressoffice@metrobank.plc.uk
   3. mailto:metrobank@teneo.com


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