Business
Metro Bank Holdings PLC: Capital Update
Metro Bank Holdings PLC: Capital Update.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMetro Bank Holdings PLC (MTRO)\n\n\n\n\n\n\nMetro Bank Holdings PLC: Capital Update 28-Jul-2023 / 07:18 GMT/BST\n\n\n Metro Bank Holdings PLC (LSE: MTRO LN)\n\n28 July 2023\n\n \n\n \n\nMetro Bank Holdings PLC (“Metro Bank”)\n\n \n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\nCapital Update\n\n \n\nMetro Bank Holdings PLC (the “Company”) today announces that the Bank of England’s Resolution Directorate has agreed to a further extension to the pre-existing adjustment (announced 9 December 2022) with respect to the existing £250 million 9.139% Tier 2 Notes (the “Notes”) issued by Metro Bank PLC (the “Operating Company”) regarding minimum requirement for own funds and eligible liabilities (“MREL”) eligibility.\n\n \n\nThe adjustment permits the Notes to remain eligible to count towards the Company’s MREL requirement until the maturity date of 26 June 2028.\n\n \n\nThe Notes’ recognition as Tier 2 regulatory capital will amortise from the call date (26 June 2023) over the remaining life of the instrument.\n\n \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (which forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and was authorised for release by Stephanie Wallace, Company Secretary.\n\n \n\n \n\nENDS\n\n \n\nFor more information, please contact:\n\n \n\nMetro Bank PLC Investor Relations\n\nJo Roberts\n\n+44 (0) 20 3402 8900 \n\[email protected]\n\n \n\nMetro Bank PLC Media Relations\n\nMona Patel\n\n+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\n \n\n \n\nAbout Metro Bank\n\n \n\nMetro Bank services 2.7 million customer accounts and is celebrated for its exceptional customer experience. It is the highest rated high street bank for overall service quality for personal customers and the best bank for service in-store for personal and business customers, in the Competition and Markets Authority’s Service Quali...