REG - Metro Bank PLC - Response to The Carlyle Group Statement

Metro Bank HoldingsAnnouncement

18/11/2021 07:10

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RNS Number : 8057S  Metro Bank PLC  18 November 2021

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

 

 For immediate release  18 November 2021

 METRO BANK PLC
 Response to The Carlyle Group Statement

The Board of Metro Bank PLC ("Metro Bank") notes the announcement made earlier
today by funds affiliated with The Carlyle Group ("Carlyle") in relation to
the termination of discussions regarding a possible offer for Metro Bank. As a
result of this announcement, Carlyle will, except with the consent of the UK
Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule
2.8 of the City Code on Takeovers and Mergers.

The Board continues to strongly believe in the standalone strategy and future
prospects of Metro Bank.

 

Enquiries:

 Metro Bank
 Jo Roberts, Investor Relations                         +44 (0) 20 3402 8900
 Tina Coates, Media Relations                           +44 (0) 78 1124 6016

 Teneo (Financial Public Relations Adviser

 to Metro Bank)
 Charles Armitstead                                     +44 (0) 77 0333 0269
 Haya Herbert Burns                                     +44 (0) 73 4203 1051

 

The person responsible for arranging release of this announcement on behalf of
Metro Bank is Melissa Conway, Company Secretary.

About Metro Bank

Metro Bank services more than two million customer accounts and is celebrated
for its exceptional customer experience. It is the highest rated high street
bank for overall service quality and best bank for service in-store for
personal and business customers in the Competition and Market Authority's
Service Quality Survey in August 2021. It was recognised as 'Bank of the Year'
at the 2020 MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet
Personal Finance Awards 2021, received Gold Award in the Armed Forces
Covenant's Employer Recognition Scheme 2021 and won Best Open Banking
Partnership - Commercial at the inaugural Open Banking Expo Awards 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 78 stores open
seven days a week, 362 days a year; on the phone through its UK-based 24/7
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. Most relevant
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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