Business
Reduction Of Capital Becomes Effective
Reduction Of Capital Becomes Effective.
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\nReduction Of Capital Becomes Effective 08-Jun-2023 / 18:11 GMT/BST\n\n\n Metro Bank Holdings PLC (LSE: MTRO LN)\n\n8 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\nReduction of Capital becomes effective\n\n \n\nMetro Bank is pleased to announce that, following the sanction by the High Court of Justice in England and Wales (the “Court”) of the reduction of capital by way of cancellation of the Bonus Shares and the Special Subscriber Shares (the “Reduction of Capital”) on 6 June 2023, the order of the Court confirming the Reduction of Capital and, a statement of capital approved by the Court, were registered by the Registrar of Companies. Accordingly, the Reduction of Capital has now become effective.\n\nDetails of the Reduction of Capital were set out in the Scheme Document published by Metro Bank plc on 22 March 2023 and the Prospectus published by Metro Bank on 22 March 2023, and the Reduction of Capital was approved by shareholders of Metro Bank at a general meeting of the Company on 26 April 2023. The Reduction of Capital in respect of the Bonus Shares does not involve any distribution or repayment of capital by Metro Bank.\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 Deegan \n\n+44 (0) 20 7653 4000\n\n \n\nENDS\n\n \n\nAbout Metro Bank\n\n \n\n...