Reduction Of Capital Becomes Effective (1652965)
08 Junho 2023 - 02:11PM
UK Regulatory (RNS & others)
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
IR@metrobank.plc.uk
Metro Bank Media Relations
Tina Coates / Mona Patel
+44 (0) 7811 246016 / +44 (0) 7815 506845
pressoffice@metrobank.plc.uk
Teneo
Charles Armitstead / Haya Herbert Burns
+44 (0)7703 330269 / +44 (0) 7342 031051
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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(END) Dow Jones Newswires
June 08, 2023 13:11 ET (17:11 GMT)
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