Business
Admission and Listing of New Ordinary Shares
Admission and Listing of New Ordinary Shares.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n\n\nMetro Bank plc (MTRO)\n\n\n\n\n\n\nAdmission and Listing of New Ordinary Shares 22-May-2023 / 07:00 GMT/BST\n\n\n Metro Bank PLC (LSE: MTRO LN)\n\n22 May 2023\n\n \n\n \n\nMetro Bank PLC (“Metro Bank”)\n\n \n\nLegal Entity Identifier: 213800X5WU57YL9GPK89\n\n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.\n\n \n\nCAPITALISED TERMS DEFINED IN THE SCHEME DOCUMENT AND PROSPECTUS HAVE THE SAME MEANING WHEN USED IN THIS ANNOUNCEMENT, UNLESS OTHERWISE DEFINED IN THIS ANNOUNCEMENT.\n\n \n\nProposed introduction of Metro Bank Holdings PLC as a new non-operating bank holding company of the Metro Bank Group which will be effected by means of a scheme of arrangement pursuant to Part 26 of the Companies Act 2006 and admission to the premium listing segment of the Official List and to trading on the main market of the London Stock Exchange.\n\n \n\nAdmission and Listing of new ordinary shares\n\n \n\nMetro Bank PLC (“Metro Bank”) and Metro Bank Holdings PLC (“New MB”) are pleased to announce that the Scheme became effective on 19 May 2023. Pursuant to the Scheme, 172,615,316 Old MB Shares were cancelled and extinguished and Scheme Shareholders received one New MB Share for every one Old MB Share held at 6.30 p.m. on 19 May 2023.\n\n \n\nNew MB also announces that its entire issued ordinary share capital of 172,615,316 New MB Shares of £0.000001 each have been admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange’s main market for listed securities today. The commencement of dealings in New MB Shares is expected to take place at 8.00 a.m. today. It is also expected that with effect from 8.00 a.m. today, Old MB Shares will cease to be listed on the Official List and their admission to trading on the main market of the London Stock Exchange will be cancelled.\n\n \n\nNew MB hereby notifies the market that, with effect from the commencement of dealings, New MB’s issued share capital as at today, 22 May 2023, consists of 172,615,316 ordinary shares of £0.000001 each. New MB does not hold any shares in treasury. \n\n \n\nTherefore, the tot...