Result of General Meeting

RNS Number : 9870A

Metro Bank PLC

03 June 2019

 

3 June 2019

Legal Entity Identifier: 213800X5WU57YL9GPK89

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

METRO BANK PLC
Results of General Meeting

Metro Bank PLC (the "Company") announces that, at the General Meeting of shareholders held earlier today in connection with the Placing announced on 16 May 2019, all resolutions as set out in the Notice of General Meeting included in the Prospectus dated 17 May 2019 were passed as follows:

RESOLUTION		VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC** VOTED	VOTES WITHHELD***
1	To approve the terms (including discount) of the proposed Placing (as defined in the notice of general meeting) of ordinary shares by the Company	66,284,323	92.25	5,568,246	7.75	71,852,569	73.76%	131
2	To give authority to allot ordinary shares in connection with the Placing	66,284,212	92.25	5,568,280	7.75	71,852,492	73.76%	131
3*	To give authority to dis-apply statutory pre-emption rights in connection with the Placing	66,283,125	92.25	5,568,609	7.75	71,851,734	73.75%	889

* Passed as a special resolution.

** Issued Share Capital

*** Votes 'withheld' have not been included in the calculation of whether a resolution is carried.  Percentages have been rounded to two decimal places.

A copy of the above results will shortly be available on the investor section of Metro Bank PLC 's website www.metrobankonline.co.uk/investor-relations.

It is expected that Admission of the Placing Shares will occur at or around 8.00 a.m. on 5 June 2019.

In accordance with the Listing Rules of the Financial Conduct Authority, a copy of the resolutions passed at the General Meeting on 3 June 2019 have been submitted to the National Storage Mechanism and are available for inspection.

Terms used in this announcement shall, unless the context otherwise requires, be as defined in the Placing launch announcement on 16 May 2019.

Enquiries

For further information on this announcement, please contact:

Metro Bank plc

David Arden, Chief Financial Officer                               [phone]

Jo Roberts, Investor Relations                                       [phone]

Media Relations

Tina Coates / Abigail Whittaker                   [phone] / [phone]

Global Coordinators and Bookrunners

RBC Capital Markets

Oliver Hearsey / Marcus Jackson / Duncan Smith            [phone]

Jefferies International Limited

Paul Nicholls / Graham Davidson / Max Jones                [phone]

Bookrunner

Keefe, Bruyette & Woods, a Stifel company

Tom Michaud / Robin Mann / Stewart Wallace                 [phone]

Teneo

Charlie Armitstead / Anthony Silverman / Haya Herbert Burns                   [phone]

About Metro Bank

Metro Bank is the revolution in British banking. It is celebrated for its exceptional customer experience and achieved the top spot in the Competition and Market Authority's Service Quality Survey among personal current account holders for its overall service and came second among business current account holders in February 2019. It was also 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 'Financial Services Company of the Year' at the Evening Standard Business Awards 2017. It is 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.

 

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