Holding(s) in Company

RNS Number : 9305T

Metro Bank PLC

23 July 2020

 

TR-1: S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :			Metro Bank plc
1b. Please indicate if the issuer is a non-UK issuer   (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments						X
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligation iv
Name			JPMorgan Chase & Co.
City and country of registered office (if applicable)			Wilmington, Delaware, USA
4. Full name of shareholder(s) (if different from 3.) v
Name			J.P. Morgan Securities Plc J.P. Morgan Securities LLC
City and country of registered office (if applicable)			London, United Kingdom
5. Date on which the threshold was crossed or reached vi :			20 July 2020
6. Date on which issuer notified (DD/MM/YYYY):			22 July 2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer vii
Resulting situation on the date on which threshold was crossed or reached	3.20%	4.29%		7.50%	172,420,458
Position of previous notification (if applicable)	3.22%	2.99%		6.21%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights ix				% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BZ6STL67			5,520,929			3.20%
SUBTOTAL 8. A	5,520,929				3.20%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi		Number of voting rights that may be acquired if the instrument is exercised/converted.		% of voting rights
Right to Recall	N/A	N/A		850,000		0.49%
		SUBTOTAL 8. B 1		850,000		0.49%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi	Physical or cash settlement xii	Number of voting rights	% of voting rights
Cash-settled Equity Swap	28/09/2020	28/09/2020	Cash	100,000	0.06%
Cash-settled Equity Swap	02/12/2020	02/12/2020	Cash	17,358	0.01%
Cash-settled Equity Swap	05/01/2021	05/01/2021	Cash	16,607	0.01%
Cash-settled Equity Swap	02/02/2021	02/02/2021	Cash	3,378	0.00%
Cash-settled Equity Swap	02/03/2021	02/03/2021	Cash	206	0.00%
Cash-settled Equity Swap	06/04/2021	06/04/2021	Cash	38	0.00%
Cash-settled Equity Swap	30/04/2021	30/04/2021	Cash	777,228	0.45%
Cash-settled Equity Swap	26/05/2021	26/05/2021	Cash	10,292	0.01%
Cash-settled Equity Swap	02/06/2021	02/06/2021	Cash	2,665	0.00%
Cash-settled Equity Swap	30/06/2021	30/06/2021	Cash	3,273,718	1.90%
Cash-settled Equity Swap	02/07/2021	02/07/2021	Cash	1,065	0.00%
Cash-settled Equity Swap	03/08/2021	03/08/2021	Cash	113,062	0.07%
Cash-settled Equity Swap	24/08/2021	24/08/2021	Cash	2,160,049	1.25%
Cash-settled Equity Swap	27/05/2022	27/05/2022	Cash	9	0.00%
Cash-settled Equity Swap	21/07/2022	21/07/2022	Cash	67,525	0.04%
Cash-settled Equity Swap	04/03/2025	04/03/2025	Cash	9,062	0.01%
			SUBTOTAL 8.B.2	6,552,262	3.80%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv (please add additional rows as necessary)				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association
J.P. Morgan International Finance Limited
J.P. Morgan Capital Holdings Limited
J.P. Morgan Securities plc	3.20%	4.29%	7.50%
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC
J.P. Morgan Broker-Dealer Holdings Inc.
J.P. Morgan Securities LLC
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional information xvi
Chain of controlled undertakings : JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Capital Holdings Limited (100%) J.P. Morgan Securities plc (100%) JPMorgan Chase & Co. (100%) JPMorgan Chase Holdings LLC (100%) J.P. Morgan Broker-Dealer Holdings Inc. (100%) J.P. Morgan Securities LLC (100%)

Place of completion	London, United Kingdom
Date of completion	22 July 2020

 

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