Business
Issue of Bonus Shares
Issue of Bonus Shares.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n\n\nMetro Bank Holdings PLC (MTRO)\n\n\n\n\n\n\nIssue of Bonus Shares 06-Jun-2023 / 07:00 GMT/BST\n\n\n Metro Bank Holdings PLC (LSE: MTRO LN)\n\n6 June 2023\n\n \n\n \n\nMetro Bank Holdings PLC (“Metro Bank”)\n\n \n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\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\nIssue of Bonus Shares \n\n \n\nAs set out in the Scheme Document and Prospectus dated 22 March 2023, Metro Bank has capitalised the merger reserve which arose when the Scheme became effective by using the merger reserve to pay up newly issued special shares of £0.000001 each in the capital of Metro Bank by way of a bonus issue to the shareholders of Metro Bank (“Bonus Shares\"). \n\nMetro Bank today confirms that the Bonus Shares have been issued and credited as fully paid to the shareholders of Metro Bank in proportion to the number of New MB Shares held by them. Fractional entitlements shall be disregarded in accordance with the Articles of Association.\n\nThe Bonus Shares have been issued to facilitate the creation of distributable reserves and do not carry a right to receive notice, attend or vote at general meetings. The Bonus Shares are expected to exist for a short amount of time and will be cancelled subject to Court approval. The Bonus Shares are not transferrable and no share certificates will be issued in respect of them and they will not be admitted to CREST.\n\nEnquiries\n\nFor more information, please contact:\n\nMetro Bank Investor Relations\n\nJo Roberts\n\n+44 (0) 20 3402 8900 \n\[email protected]\n\n \n\nMetro Bank Media Relations\n\nTina Coates / Mona Patel\n\n+44 (0) 7811 246016 / +44 (0) 7815 506845\n\[email protected] \n\n \n\nTeneo\n\nCharles Armitstead / Haya Herbert Burns \n\n+44 (0)7703 330269 / +44 (0) 7342 031051\n\[email protected]\n\n \n\nRBC Capital Markets (Sponsor to Metro Bank)\n\nRupert Walford / Elliot Thomas / Kathryn Dee...