REG - Metro Bank PLC - Response to Press Speculation

Metro Bank HoldingsAnnouncement

15/06/2020 07:00

RNS Number : 9343P
  
Metro Bank PLC
  
15 June 2020
  
 

 
15 June 2020
 
Legal Entity Identifier: 213800X5WU57YL9GPK89
 
 
METRO BANK PLC
Response to Press Speculation
 
15 June 2020: Metro Bank PLC (the "Company") notes the recent press speculation regarding a potential acquisition of Retail Money Market LTD and its subsidiaries ("RateSetter"). The Company regularly assesses various opportunities in the market and accordingly confirms that it has entered in to a period of exclusivity with RateSetter, but discussions regarding the potential acquisition are at an early stage. 
 
RateSetter is a UK focused peer-to-peer lender whose distribution platform could accelerate the Company's stated strategy to grow its unsecured consumer lending book. 
 
There can be no certainty at this stage that a formal agreement will be reached, nor as to the terms of any agreement. A further announcement will be made if and when appropriate.
 
 
 
Enquires
 
For further information on this announcement, please contact:
 
 




Metro Bank PLC


 




Jo Roberts, Investor Relations


+44 (0) 20 3402 8900




 


 




Media Relations


 




Tina Coates


+44 (0)7811 246 016
pressoffice@metrobank.plc.uk 




 


 




Teneo


 




Charlie Armitstead / Haya Herbert-Burns


+44 (0)7703 330 269




 
 


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