Metro Bank Holdings PLC and Metro Bank PLC Announces Settlement of the Transaction

DJ Metro Bank Holdings PLC and Metro Bank PLC Announces Settlement of the Transaction

Metro Bank Holdings PLC (MTRO) 
Metro Bank Holdings PLC and Metro Bank PLC Announces Settlement of the Transaction 
30-Nov-2023 / 15:37 GMT/BST 
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   Metro Bank Holdings PLC (LSE: MTRO LN) 
30 November 2023 
 
 
Metro Bank Holdings PLC 
Legal Entity Identifier: 984500CDDEAD6C2EDQ64 
Metro Bank PLC 
Legal Entity Identifier: 213800X5WU57YL9GPK89 
 
METRO BANK HOLDINGS PLC AND METRO BANK PLC ANNOUNCES SETTLEMENT OF THE TRANSACTION 
 
NOTHING IN THIS ANNOUNCEMENT CONSTITUTES OR CONTEMPLATES AN OFFER OF, AN OFFER TO PURCHASE OR THE SOLICITATION OF AN 
OFFER TO SELL SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE SECURITIES REFERRED TO HEREIN HAVE NOT 
BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT"), OR THE 
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. 
THIS ANNOUNCEMENT IS ONLY FOR DISTRIBUTION OR TO BE MADE AVAILABLE (A) IN THE UNITED STATES, TO "QUALIFIED 
INSTITUTIONAL BUYERS" WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT AND (B) TO PERSONS LOCATED AND RESIDENT 
OUTSIDE THE UNITED STATES. THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA 
OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. 
METRO BANK HOLDINGS PLC 
(incorporated under the Companies Act 2006 and registered in England and Wales with registered number 14387040) 
(the "Company") 
in respect of the 
GBP350,000,000 Fixed Rate Reset Callable Notes due 8 October 2025 
(ISIN: XS2063492396; Common Code: 206349239) 
(the "Existing MREL Notes") 
and 
METRO BANK PLC 
(incorporated under the Companies Act 2006 and registered in England and Wales with registered number 06419578) 
(the "Bank" and together with the Company, "Metro Bank") 
in respect of the 
GBP250,000,000 Fixed Rate Subordinated Notes due 26 June 2028 
(ISIN: XS1844097987; Common Code: 184409798) 
(the "Existing Tier 2 Notes") 
On 8 October 2023, the Company announced that it had obtained commitments from existing shareholders and other 
investors to subscribe for GBP150 million of new equity (the "Equity Raise") and from existing noteholders to subscribe 
for GBP175 million of new fixed rate reset callable notes due 2029 to be issued by the Company (the "New MREL Notes Raise 
") and a debt refinancing package in respect of the Company's Existing MREL Notes and the Bank's Existing Tier 2 Notes 
(the "Debt Refinancing" and, together with the Equity Raise and the New MREL Notes Raise, the "Transaction"). 
The Company, earlier today on 30 November 2023, announced the successful completion of the Equity Raise. 
Metro Bank is now pleased to announce the successful completion of the New MREL Notes Raise and the Debt Refinancing 
resulting in: 
 a. the issuance of the Company's new GBP525,000,000 12 per cent. Fixed Rate Reset Callable Notes due 2029 
  (Regulation S Notes ISIN: XS2720120596; Rule 144A Notes ISIN: XS2720120679) and the Company's new GBP150,000,000 14 
  per cent. Fixed Rate Reset Callable Subordinated Notes due 2034 (Regulation S Notes ISIN: XS272012113; Rule 144A 
  Notes ISIN: XS2720120919); and 
 b. the redemption of the Existing MREL Notes and the New Tier 2 Notes. 
Accordingly, settlement of the Transaction is now complete. 
Application for admission of the New MREL Notes and the New Tier 2 Notes to the Official List of the Financial Conduct 
Authority and to trading on the London Stock Exchange plc's Main Market has been made and is expected to become 
effective on 1 December 2023. 
Further Information 
Any questions relating to this Announcement or the Written Resolutions should be addressed as follows: 
Kroll Issuer Services Limited 
The Shard 
32 London Bridge Street 
London SE1 9SG 
United Kingdom 
Email: [e-mail] 
Offer Website: https://deals.is.kroll.com/metrobank 
Tel:         [phone] 
Attention:     David Shilson 
Metro Bank Investor Relations 
Jo Roberts 
[phone] 
[e-mail] 
Metro Bank Media Relations 
Tina Coates / Mona Patel 
[phone] / [phone] 
[e-mail] 
Teneo 
Charles Armitstead / Haya Herbert Burns 
[phone] / [phone] 
[e-mail] 
Dated: 30 November 2023 
ENDS 
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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: MSCH 
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.:  288989 
EQS News ID:  1786949 
 
End of Announcement EQS News Service 
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(END) Dow Jones Newswires

November 30, 2023 10:37 ET (15:37 GMT)