REG-Metro Bank Holdings PLC Reduction Of Capital Becomes Effective

Metro Bank HoldingsAnnouncement

08/06/2023 18:15

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   Metro Bank Holdings PLC (MTRO)
   Reduction Of Capital Becomes Effective

   08-Jun-2023 / 18:11 GMT/BST

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                                       Metro Bank Holdings PLC (LSE: MTRO LN)

                                                                  8 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.

    

                     Reduction of Capital becomes effective

    

   Metro Bank is pleased to announce that, following the sanction by the High
   Court of Justice in  England and Wales (the  “Court”) of the reduction  of
   capital by  way  of cancellation  of  the  Bonus Shares  and  the  Special
   Subscriber Shares (the “Reduction of Capital”)  on 6 June 2023, the  order
   of the  Court confirming  the Reduction  of Capital  and, a  statement  of
   capital approved  by  the  Court,  were registered  by  the  Registrar  of
   Companies. Accordingly, the Reduction of Capital has now become effective.

   Details of the Reduction  of Capital were set  out in the Scheme  Document
   published by Metro Bank plc on 22 March 2023 and the Prospectus  published
   by Metro Bank on 22 March 2023, and the Reduction of Capital was  approved
   by shareholders of Metro Bank  at a general meeting  of the Company on  26
   April 2023. The Reduction of Capital  in respect of the Bonus Shares  does
   not involve any distribution or repayment of capital by Metro Bank.

   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.:   249659
   EQS News ID:    1652965


    
   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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