Holding(s) in Company

RNS Number : 0799U

Metro Bank PLC

30 November 2021

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BZ6STL67

Issuer Name

METRO BANK PLC  

UK or Non-UK Issuer

UK  

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments  

3. Details of person subject to the notification obligation

Name

Spruce House Investment Management  

City of registered office (if applicable)

New York  

Country of registered office (if applicable)

USA  

4. Details of the shareholder

Name	City of registered office	Country of registered office
The Spruce House Partnership LLC		United States

5. Date on which the threshold was crossed or reached

26-Nov-2021

6. Date on which Issuer notified

29-Nov-2021

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 held in issuer
Resulting situation on the date on which threshold was crossed or reached	5.050000	3.940000	8.990000	15500000
Position of previous notification (if applicable)	4.210000	4.780000	8.990000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00BZ6STL67	8709000		5.050000
Sub Total 8.A	8709000		5.050000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Bullet Swap	13-May-22		Cash	1035000	0.600000
Bullet Swap	8-Dec-21		Cash	2586000	1.500000
Bullet Swap	22-Dec-21		Cash	3170000	1.840000
Sub Total 8.B2				6791000	3.940000%

9. Information in relation to the person subject to the notification obligation

1. 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.  

Ultimate controlling person	Name of controlled undertaking	% 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

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

29-Nov-2021

13. Place Of Completion

New York  

 

END

 

 

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