Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3703R\n Metro Bank PLC\n 04 November 2021\n \n \n \n \n Legal Entity Identifier: 213800X5WU57YL9GPK89\n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the \"Code\"). Accordingly, there can be no certainty that any such offer will be made nor as to the terms on which any such offer would be made.\n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n \n \n For immediate release\n \n \n 4 November 2021\n \n \n \n \n \n \n \n \n \n \n METRO BANK PLC\n \n \n \n \n \n Statement regarding possible offer for Metro Bank PLC (\"Metro Bank\")\n \n \n \n Following the recent press speculation, Metro Bank confirms that it has received an approach from funds affiliated with The Carlyle Group (\"Carlyle\") regarding a possible offer to acquire the entire issued share capital of Metro Bank (the \"Possible Offer\").\n Metro Bank has engaged with Carlyle in relation to its Possible Offer and a further announcement will be made as and when appropriate. In the meantime, shareholders are advised to take no action.\n This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any offer will be made, nor as to the terms nor structure on which any offer might be made.\n In accordance with Rule 2.6(a) of the Code, Metro Bank announces that, by no later than 5.00 pm on 2 December 2021 (the \"Deadline\"), Carlyle must either announce a firm intention to make an offer for Metro Bank under Rule 2.7 of the Code or announce that it does not intend to make an offer for Metro Bank, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.\n Metro Bank confirms that this announcement is not being made with the agreement of Carlyle.\n \n Enquiries:\n \n \n \n \n Metro Bank\n \n \n \n \n \n \n \n \n \n \n Jo Roberts, Investor Relations\n \n \n \n \n \n +44 (0) 20 3...