Carlyle Investment Management LLC Statement regarding Metro Bank plc (7539S)
November 18 2021 - 1:00AM
UK Regulatory
TIDMMTRO
RNS Number : 7539S
Carlyle Investment Management LLC
18 November 2021
NOT 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 OR REGULATIONS OF THAT
JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE").
For immediate release
18 November 2021
Funds affiliated with The Carlyle Group ("Carlyle")
Statement regarding Metro Bank plc ("Metro Bank" or the
"Company")
Further to the announcement dated 4 November 2021, Carlyle and
Metro Bank have agreed to terminate discussions regarding a
possible offer for the Company.
Carlyle and any person acting in concert with it will be bound
by the restrictions under Rule 2.8 of the Code. For the purpose of
Rule 2.8 of the Code, Carlyle and any person acting in concert with
Carlyle, reserve the right to announce an offer or possible offer
for the Company or make or participate in an offer or possible
offer for the Company (and / or take any other actions which would
otherwise be restricted under Rule 2.8 of the Code) within the next
six months following the date of this announcement in the following
circumstances:
(i) with the agreement or recommendation of the board of directors of the Company;
(ii) following the announcement of a firm intention to make an
offer for the Company by or on behalf of a third party;
(iii) following the announcement by the Company of a "whitewash"
proposal (as described in Note 1 of the Notes on Dispensations from
Rule 9 of the Code) or a reverse takeover; and/or
(iv) where the Panel on Takeovers and Mergers has determined
that there has been a material change of circumstances.
Enquiries:
Carlyle
Andrew Kenny +44 (0) 7816 176120
Greenbrook (Communications Adviser to Carlyle)
James Madsen +44 (0) 7867 472731
Important notices
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities whether pursuant to this
announcement or otherwise.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdictions.
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END
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