TIDMMTRO TIDM42SB

RNS Number : 0470K

Metro Bank PLC

29 December 2020

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                           METRO BANK PLC 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                           ------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                        ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                        ---- 
 An acquisition or disposal of financial instruments                                                      X 
                                                                                                        ---- 
 An event changing the breakdown of voting rights 
                                                                                                        ---- 
 Other (please specify)(iii) : 
                                                                                                        ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                       The Goldman Sachs Group, Inc. 
 City and country of registered office                      Corporation Trust Center, 1209 Orange 
  (if applicable)                                            Street, 
                                                             Wilmington DE 19801, USA 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                       Goldman Sachs International 
                                                           ------------------------------------------------- 
 City and country of registered office                      Plumtree Court, 25 Shoe Lane, London, 
  (if applicable)                                            EC4A 4AU, UK 
                                                           ------------------------------------------------- 
 Name                                                       Goldman Sachs & Co. LLC 
                                                           ------------------------------------------------- 
 City and country of registered office                      200 West Street, New York, United States 
  (if applicable)                                            of America, 10282. 
                                                           ------------------------------------------------- 
 5. Date on which the threshold                             22/12/2020 
  was crossed or reached (vi) : 
                                                           ------------------------------------------------- 
 6. Date on which issuer notified                           24/12/2020 
  (DD/MM/YYYY): 
                                                           ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights      Total of both    Total number 
                            rights attached      through financial       in % (8.A +      of voting rights 
                            to shares (total        instruments              8.B)         of issuer (vii) 
                                of 8. A)           (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  ----------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                     0.01%                 9.81%                9.82%            172,420,458 
                          ------------------  ----------------------  ----------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                    0.01%                 4.38%                4.39% 
                          ------------------  ----------------------  ----------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of                  Number of voting rights                               % of voting rights 
     shares                               (ix) 
  ISIN code (if 
    possible) 
                         Direct                     Indirect                     Direct                 Indirect 
                   (Art 9 of Directive        (Art 10 of Directive         (Art 9 of Directive    (Art 10 of Directive 
                       2004/109/EC)               2004/109/EC)                2004/109/EC)            2004/109/EC) 
                         (DTR5.1)                  (DTR5.2.1)                   (DTR5.1)               (DTR5.2.1) 
                                         ----------------------------- 
  GB00BZ6STL67                                       17,297                                              0.01% 
                 ----------------------  -----------------------------  -----------------------  --------------------- 
 
 
 SUBTOTAL 8. A                           17,297                                              0.01% 
                 -----------------------------------------------------  ---------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
    Type of         Expiration              Exercise/                   Number of voting              % of voting 
   financial         date (x)               Conversion                   rights that may                 rights 
   instrument                               Period (xi)                   be acquired if 
                                                                          the instrument 
                                                                                is 
                                                                       exercised/converted. 
                 ---------------  -----------------------------  ------------------------------  --------------------- 
   Securities 
     Lending           Open                                                 6,455,237                    3.74% 
                 ---------------  -----------------------------  ------------------------------  --------------------- 
 
 
                                           SUBTOTAL 8. 
                                                B 1                         6,455,237                    3.74% 
                                  -----------------------------  ------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
    Type of         Expiration         Exercise/            Physical or           Number of           % of voting 
   financial         date (x)          Conversion               cash            voting rights            rights 
   instrument                            Period              settlement 
                                          (xi)                 (xii) 
                 ---------------  -------------------  --------------------  ------------------ 
      Swap          14/01/2021                                 Cash               7,583,894              4.40% 
                 ---------------  -------------------  --------------------  ------------------ 
      Swap          03/12/2021                                 Cash               1,724,260              1.00% 
                 ---------------  -------------------  --------------------  ------------------ 
      CFD           29/01/2030                                 Cash                699,996               0.41% 
                 ---------------  -------------------  --------------------  ------------------ 
      CFD           07/05/2030                                 Cash                356,447               0.21% 
                 ---------------  -------------------  --------------------  ------------------ 
      CFD           07/05/2030                                 Cash                96,837                0.06% 
                 ---------------  -------------------  --------------------  ------------------ 
                                                          SUBTOTAL 8.B.2         10,461,435              6.07% 
                                                       --------------------  ------------------ 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights                             X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
            Name (xv)               % of voting rights     % of voting rights       Total of both 
                                        if it equals        through financial        if it equals 
                                        or is higher         instruments if          or is higher 
                                    than the notifiable       it equals or        than the notifiable 
                                         threshold           is higher than            threshold 
                                                             the notifiable 
                                                                threshold 
                                  ----------------------  -------------------  ----------------------- 
 The Goldman Sachs Group, 
  Inc. 
                                  ----------------------  -------------------  ----------------------- 
 Goldman Sachs (UK) L.L.C. 
                                  ----------------------  -------------------  ----------------------- 
 Goldman Sachs Group UK Limited 
                                  ----------------------  -------------------  ----------------------- 
 Goldman Sachs International                                     5.41%                  5.41% 
                                                          -------------------  ----------------------- 
 
 The Goldman Sachs Group, 
  Inc. 
                                  ----------------------  -------------------  ----------------------- 
 Goldman Sachs & Co. LLC                                         4.40%                  4.41% 
                                                          -------------------  ----------------------- 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                                  N/A 
                                                          -------------------------------------------- 
 The number and % of voting rights held                    N/A 
                                                          -------------------------------------------- 
 The date until which the voting rights                    N/A 
  will be held 
                                                          -------------------------------------------- 
 
 11. Additional information (xvi) 
 
   Please note, the total amount of voting rights has been rounded to 2 
   decimal places therefore there is a 
   possibility of a rounding error. 
 
   General email contact: 
   gs-regops-emea-position-enquiries@gs.com 
 
 
 
 Place of completion   London 
 Date of completion    24/12/2020 
                      ----------- 
 

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December 29, 2020 10:03 ET (15:03 GMT)