Metro Bank PLC Response to The Carlyle Group Statement (8057S)
November 18 2021 - 1:07AM
UK Regulatory
TIDMMTRO
RNS Number : 8057S
Metro Bank PLC
18 November 2021
Legal Entity Identifier: 213800X5WU57YL9GPK89
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
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
For immediate release 18 November 2021
METRO BANK PLC
Response to The Carlyle Group Statement
The Board of Metro Bank PLC ("Metro Bank") notes the
announcement made earlier today by funds affiliated with The
Carlyle Group ("Carlyle") in relation to the termination of
discussions regarding a possible offer for Metro Bank. As a result
of this announcement, Carlyle will, except with the consent of the
UK Panel on Takeovers and Mergers, be bound by the restrictions
contained in Rule 2.8 of the City Code on Takeovers and
Mergers.
The Board continues to strongly believe in the standalone
strategy and future prospects of Metro Bank.
Enquiries:
Metro Bank
Jo Roberts, Investor Relations +44 (0) 20 3402 8900
Tina Coates, Media Relations +44 (0) 78 1124 6016
Teneo (Financial Public Relations
Adviser
to Metro Bank)
Charles Armitstead +44 (0) 77 0333 0269
Haya Herbert Burns +44 (0) 73 4203 1051
The person responsible for arranging release of this
announcement on behalf of Metro Bank is Melissa Conway, Company
Secretary.
About Metro Bank
Metro Bank services more than two million customer accounts and
is celebrated for its exceptional customer experience. It is the
highest rated high street bank for overall service quality and best
bank for service in-store for personal and business customers in
the Competition and Market Authority's Service Quality Survey in
August 2021. It was recognised as 'Bank of the Year' at the 2020
MoneyAge Awards and 'Banking Brand of The Year' at the Moneynet
Personal Finance Awards 2021, received Gold Award in the Armed
Forces Covenant's Employer Recognition Scheme 2021 and won Best
Open Banking Partnership - Commercial at the inaugural Open Banking
Expo Awards 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 78 stores open seven days a week, 362 days a
year; on the phone through its UK-based 24/7 contact centres; or
online through its internet banking or award-winning mobile app:
the bank offers customers real choice.
Metro Bank PLC. Registered in England and Wales. Company number:
6419578. Registered office: One Southampton Row, London, WC1B 5HA.
'Metrobank' is the registered trademark of Metro Bank PLC.
It is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Most relevant 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 PLC 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.
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END
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