Metro Bank standby underwrite & prelim results

RNS Number : 1891R

Metro Bank PLC

26 February 2019

 

26 February 2019

METRO BANK PLC

Legal Entity Identifier: 213800X5WU57YL9GPK89

Metro Bank announces c.£350m standby underwrite and intention to release preliminary results today

Metro Bank today announces that it has entered into a standby underwrite agreement with RBC Capital Markets, Jefferies and KBW for a c.£350m equity raise. The transaction is expected to be launched in the first half of 2019 after consultation with shareholders.

In order to accommodate investors in North America and Europe the bank will be announcing its 2018 preliminary results, updated strategy for the medium-term and its 2019 capital plans after the market close today.

A call for analysts and investors will be held at 17.30 GMT / 12.30 EST.

Date: Wednesday 26 February 2019

Time: 5.30pm (GMT)

From the UK dial: [phone]

From the US dial: [phone]

Participant Pin: 15129632#

URL for other international dial in numbers: http://events.arkadin.com/ev/docs/NE_W2_TF_Events_International_Access_List.pdf

An operator will assist you in joining the call.

A replay of the call will be available using the following details:

From the UK dial: [phone]

From the US dial: [phone]

Access code: 301274944#

For more information, please contact:

Metro Bank PLC Investor Relations

Jo Roberts

[phone]

[e-mail]

Metro Bank PLC Media Relations

Tina Coates

[phone]

[e-mail]

Teneo

Anthony Silverman/ Charles Armitstead

[phone]

[e-mail]

The information contained within this announcement is deemed by Metro Bank plc to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 and was authorised for release by David Arden, Chief Financial Officer.

About Metro Bank

Metro Bank is the revolution in British banking. It is celebrated for its exceptional customer experience and was awarded 'Best All Round Personal Finance Provider' at the Moneynet Personal Finance Awards 2019, as well as

'Most Trusted Financial Provider' at the Moneywise Customer Service Awards in 2016 and 2017 and 'Best Financial Provider' at the Evening Standard Business Awards 2017. It is also recognised by Glassdoor in its 'Best Place to Work UK 2019' top 50 list.

Offering retail, business, commercial and private banking services, it prides itself on using technology to give customers the choice to bank however, whenever and wherever they choose. Whether that's through its growing network of stores open seven days a week, from early in the morning to late at night, 362 days a year;  on the phone through its UK-based 24/7 contact centres manned by people not machines; or online through its internet banking or award-winning mobile app: the bank offers customers real choice.

The bank employs over 3,900 colleagues and is headquartered in Holborn, London. 

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trade mark 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.

If you would like to opt out of receiving communications, please email [e-mail]. We will remove you from our distribution list within one working day.

 

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