Metro Bank Holdings PLC (MTRO)
Publication of the Prospectus and Circular
09-Nov-2023 / 14:42 GMT/BST
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Metro Bank Holdings PLC (LSE: MTRO LN)
9 November 2023
Metro Bank Holdings PLC
Legal Entity Identifier: 984500CDDEAD6C2EDQ64
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN METRO
BANK HOLDINGS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION.
Publication of the Prospectus and Circular
Further to the announcement by Metro Bank Holdings PLC ("Metro Bank" or the "Company") on 8 October 2023 in relation to
securing a GBP325m capital raise and GBP600m debt refinancing package, the Company has today published the combined
prospectus and circular dated 9 November 2023 in relation to the proposed firm placing of 500,000,000 ordinary shares
to the premium listing segment of the Official List and to trading on the main market for listed securities of the
London Stock Exchange (the "Prospectus").
The Prospectus contains a Notice of General Meeting, which will be held at One Southampton Row, London WC1B 5HA on 27
November at 11.30am.
The Prospectus has been approved by the FCA and, together with a form of proxy relating to voting at the General
Meeting, is available on the Company's website at:www.metrobankonline.co.uk/investor-relations.
A copy of the Prospectus will also be submitted to the National Storage Mechanism and will shortly be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Terms used in this announcement shall, unless the context otherwise requires, be as defined in the Prospectus.
Enquiries
For more information, please contact:
Metro Bank Investor Relations
Jo Roberts
+44 (0) 20 3402 8900/ +44 (0) 2034028385
IR@metrobank.plc.uk/ companysecretary@metrobank.plc.uk
Metro Bank Media Relations
Tina Coates / Mona Patel
+44 (0) 7811 246016 / +44 (0) 7815 506845
pressoffice@metrobank.plc.uk
Teneo
Charles Armitstead / Haya Herbert Burns
+44 (0)7703 330269 / +44 (0) 7342 031051
metrobank@teneo.com
Morgan Stanley
Lead Financial Adviser
Paul Miller / Colm Donlon / Nishil Bhagani / Matthew Jarman
Debt Financial Adviser
Alex Menounos / Matteo Benedetto / Charles-Antoine Dozin
Asset Sale Adviser
Noreen Whyte / Tristan Collier
+44 (0)20 7425 8000
RBC Capital Markets
Financial Adviser, Sponsor, Bookrunner and Corporate Broker
Oliver Hearsey / Elliot Thomas / Kathryn Deegan
+44 (0) 20 7653 4000
Moelis & Company
Debt Financial Adviser
Matthew Prest
+44 (0)207 634 3567S
About Metro Bank
Metro Bank services 2.8 million customer accounts and is celebrated for its exceptional customer experience. It remains
one of the highest rated high street banks 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 Quality Survey
in August 2023. Metro Bank has also been awarded "2023 Best Lender of the Year - UK" in the M&A Today, Global Awards,
"Best Mortgage Provider of the Year" in 2022 MoneyAge Mortgage Awards, "Best Business Credit Card" in 2022 Moneynet
Personal Finance Awards, "Best Business Credit Card 2022", Forbes Advisor, "Best Current Account for Overseas Use" by
Forbes 2022 and accredited as a top ten Most Loved Workplace 2023. It was "Banking Brand of The Year" at the Moneynet
Personal Finance Awards 2021 and received the Gold Award in the Armed Forces Covenant's Employer Recognition Scheme
2021.
The community bank offers retail, business, commercial and private banking services, and prides itself on giving
customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities
it serves. Whether that's through its network of 76 stores open seven days a week, 362 days a year; on the phone
through its UK-based contact centres; or online through its internet banking or award-winning mobile app, the bank
offers customers real choice.
Metro Bank Holdings PLC (registered in England and Wales with company number 14387040, registered office: One
Southampton Row, London, WC1B 5HA) is the listed entity and holding company of Metro Bank PLC.
Metro Bank PLC (registered in England and Wales with company number 6419578, registered office: One Southampton Row,
London, WC1B 5HA) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority
and Prudential Regulation Authority. 'Metrobank' is a registered trademark of Metro Bank PLC. Eligible deposits are
protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS
website www.fscs.org.uk. All Metro Bank products are subject to status and approval.
Metro Bank is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO
newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.
Important Notices
This announcement has been issued by and is the sole responsibility of the Company. The information contained in this
announcement is for background purposes only and does not purport to be full or complete. No reliance may or should be
placed by any person for any purpose whatsoever on the information contained in this announcement or on its accuracy or
completeness. The information in this announcement is subject to change.
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is
incorporated in, or forms part of, this announcement.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of
America. This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase
securities in the United States. No securities referred to herein have been or will be registered under the US
Securities Act of 1933 (the "Securities Act") or under any securities laws of any state or other jurisdiction of the
United States and such securities may not be offered, sold, taken up, exercised, resold, renounced, transferred or
delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from or in a
transaction not subject to the registration requirements of the Securities Act and in compliance with any applicable
securities laws of any state or other jurisdiction of the United States. No public offering of securities is being made
in the United States. No securities referred to herein, nor this announcement nor any other document connected with the
proposed transactions referred to herein has been or will be approved or disapproved by the United States Securities
and Exchange Commission or by the securities commissions of any state or other jurisdiction of the United States or any
other regulatory authority, and none of the foregoing authorities or any securities commission has passed upon or
endorsed the merits of the proposed transactions or the securities referred to herein or the adequacy of this
announcement or any other document connected with the proposed transactions referred to herein. Any representation to
the contrary is a criminal offence in the United States.
This announcement is for information purposes only and is not intended to and does not constitute or form part of any
offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for any securities in
any jurisdiction. No offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe
for, any securities will be made in any jurisdiction in which such an offer or solicitation is unlawful. The
information contained in this announcement is not for release, publication or distribution to persons in the United
States or Australia, Canada, Japan, the People's Republic of China or South Africa, and should not be distributed,
forwarded to or transmitted in or into any jurisdiction, where to do so might constitute a violation of local
securities laws or regulations.
No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the
accuracy, fairness or completeness of the information presented or contained in this release.
This release contains certain forward-looking statements, which are based on current assumptions and estimates by the
management of the Company. Past performance cannot be relied upon as a guide to future performance and should not be
taken as a representation that trends or activities underlying past performance will continue in the future. Such
statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from
any expected future results in forward-looking statements. These risks may include, for example, changes in the global
economic situation, and changes affecting individual markets and exchange rates.
The Company provides no guarantee that future development and future results achieved will correspond to the
forward-looking statements included here and accepts no liability if they should fail to do so. Neither the Company nor
any of its advisers undertakes any obligation to update these forward-looking statements or to publicly release any
revisions that may be made to these forward-looking statements, which may result from events or circumstances arising
after the date of this release.
This release is for informational purposes only and does not constitute or form part of any invitation or inducement to
engage in investment activity, nor does it constitute an offer or invitation to buy any securities, in any jurisdiction
including the United States, or a recommendation in respect of buying, holding or selling any securities.
This announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the Financial Conduct
Authority ("FCA") and not a prospectus and not an offer to sell, or a solicitation of an offer to subscribe for or to
acquire securities. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon
in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe
for any transferable securities referred to in this announcement except on the basis of information contained in the
Prospectus.
RBC Europe Limited (trading as "RBC Capital Markets"), which is authorised by the Prudential Regulatory Authority (the
"PRA") and regulated by the FCA and the PRA in the United Kingdom, is acting exclusively for Metro Bank Holdings PLC
and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone
other than Metro Bank Holdings PLC for providing the protections afforded to its clients or for providing advice in
connection with the subject matter of this announcement. Neither RBC Capital Markets nor any of its subsidiaries,
branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any person who is not a client in connection with the
subject matter of this announcement, any statement contained herein or otherwise.
Morgan Stanley & Co. International plc ("Morgan Stanley"), which is authorised by the PRA and regulated by the FCA and
the PRA in the United Kingdom, is acting exclusively for Metro Bank Holdings PLC and for no one else in connection with
the subject matter of this announcement. Morgan Stanley, its affiliates and their respective directors, officers,
employees and agents will not regard any other person as their client, nor will they be responsible to anyone other
than Metro Bank Holdings PLC for providing the protections afforded to clients of Morgan Stanley nor for providing
advice in connection with the contents of this announcement or any matter referred to herein or otherwise.
Moelis & Company UK LLP ("Moelis & Company"), which is authorised and regulated by the FCA in the UK, is acting as
exclusive financial adviser to Metro Bank Holdings PLC and no one else in connection with the matters described in this
announcement and will not be responsible to anyone other than Metro Bank Holdings PLC for providing the protections
afforded to clients of Moelis & Company nor for providing advice in connection with the matters referred to herein.
Neither Moelis & Company nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a
client of Moelis & Company in connection with this announcement, any statement contained herein or otherwise.
Cautionary statement regarding forward-looking statements
This announcement contains forward-looking statements, including with respect to financial information, that are based
on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often
use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may",
"should", "would", "could", "is confident", or other words of similar meaning. Undue reliance should not be placed on
any such statements because they speak only as at the date of this announcement and, by their very nature, they are
subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual
results, and the Company's plans and objectives, to differ materially from those expressed or implied in the
forward-looking statements. No representation or warranty is made that any forward-looking statement will come to pass.
You are advised to read the Prospectus in its entirety, and, in particular, the section of the Prospectus headed "Risk
Factors", for a further discussion of the factors that could affect the Company's future performance and the industry
in which it operates. In light of these risks, uncertainties and assumptions, the events described in the
forward-looking statements, including statements regarding prospective financial information, in this announcement may
not occur. These statements are not fact and should not be relied upon as being necessarily indicative of future
results, and readers of this announcement are cautioned not to place undue reliance on the forward-looking statements,
including those regarding prospective financial information.
No statement in this announcement is intended as a profit forecast, and no statement in this announcement should be
interpreted to mean that underlying operating profit for the current or future financial years would necessarily be
above a minimum level, or match or exceed the historical published operating profit or set a minimum level of operating
profit.
Neither the Company nor any of its advisers is under any obligation to update or revise publicly any forward-looking
statement contained within this announcement, whether as a result of new information, future events or otherwise, other
than in accordance with their legal or regulatory obligations (including, for the avoidance of doubt, the Prospectus
Regulation Rules, the Listing Rules and Disclosure Guidance and Transparency Rules).
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BMX3W479
Category Code: PDI
TIDM: MTRO
LEI Code: 984500CDDEAD6C2EDQ64
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 283949
EQS News ID: 1769965
End of Announcement EQS News Service
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(END) Dow Jones Newswires
November 09, 2023 09:42 ET (14:42 GMT)
Metro Bank (LSE:MTRO)
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Metro Bank (LSE:MTRO)
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