Response to Press Speculation

RNS Number : 9343P

Metro Bank PLC

15 June 2020

 

15 June 2020

Legal Entity Identifier: 213800X5WU57YL9GPK89

METRO BANK PLC

Response to Press Speculation

15 June 2020: Metro Bank PLC (the "Company") notes the recent press speculation regarding a potential acquisition of Retail Money Market LTD and its subsidiaries ("RateSetter"). The Company regularly assesses various opportunities in the market and accordingly confirms that it has entered in to a period of exclusivity with RateSetter, but discussions regarding the potential acquisition are at an early stage.

RateSetter is a UK focused peer-to-peer lender whose distribution platform could accelerate the Company's stated strategy to grow its unsecured consumer lending book.

There can be no certainty at this stage that a formal agreement will be reached, nor as to the terms of any agreement. A further announcement will be made if and when appropriate.

Enquires

For further information on this announcement, please contact:

Metro Bank PLC
Jo Roberts, Investor Relations	[phone]
Media Relations
Tina Coates	[phone] [e-mail]
Teneo
Charlie Armitstead / Haya Herbert-Burns	[phone]

 

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