TIDMMTRO TIDM42SB

RNS Number : 6613M

Metro Bank PLC

22 January 2021

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 & Co. LLC 
                                                             ---------------------------------------------- 
 City and country of registered office                        200 West Street, New York, United 
  (if applicable)                                              States of America, 10282. 
                                                             ---------------------------------------------- 
 Name                                                         Goldman Sachs International 
                                                             ---------------------------------------------- 
 City and country of registered office                        Plumtree Court, 25 Shoe Lane, London 
  (if applicable)                                              EC4A 4AU,UK 
                                                             ---------------------------------------------- 
 5. Date on which the threshold was                           19/01/2021 
  crossed or reached (vi) : 
                                                             ---------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               21/01/2021 
                                                             ---------------------------------------------- 
 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)         held in issuer 
                                of 8. A)           (total of 8.B                         (vii) 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  ---------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               0.002%              9.82%                   9.82%            172,420,458 
                          ------------------  ----------------------  ---------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              1.04%               8.79%                   9.83% 
                          ------------------  ----------------------  ---------------  -------------------- 
 
 
 
 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 
                                 (DTR5.1)               (DTR5.2.1)              (DTR5.1)           (DTR5.2.1) 
                                                 ---------------------- 
 GB00BZ6STL67                                     3,762                                         0.002% 
                          ---------------------  ----------------------  --------------------  ---------------- 
 
 
 SUBTOTAL 8. A                                3,762                                      0.002% 
                          ---------------------------------------------  -------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial         Expiration   Exercise/                   Number of voting            % of voting 
  instrument                date         Conversion Period           rights that may             rights 
                            (x)          (xi)                        be acquired if 
                                                                     the instrument 
                                                                     is 
                                                                     exercised/converted. 
                          -----------  --------------------------  --------------------------  ---------------- 
 Securities Lending        Open                                     6,382,263                   3.70% 
                          -----------  --------------------------  --------------------------  ---------------- 
 
 
                                        SUBTOTAL 8. B 1             6,382,263                   3.70% 
                                       --------------------------  --------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of financial    Expiration        Exercise/         Physical or          Number of        % of voting 
  instrument           date (x)          Conversion        cash                 voting rights    rights 
                                         Period (xi)       settlement 
                                                           (xii) 
                     ----------------  ----------------  -------------------  --------------- 
 Swap                 12/04/2021                          Cash                  7,595,927       4.41% 
                     ----------------  ----------------  -------------------  --------------- 
 Swap                 03/12/2021                          Cash                  1,724,326       1.00% 
                     ----------------  ----------------  -------------------  --------------- 
 CFD                  29/01/2030                          Cash                  699,997         0.41% 
                     ----------------  ----------------  -------------------  --------------- 
 CFD                  07/05/2030                          Cash                  369,799         0.21% 
                     ----------------  ----------------  -------------------  --------------- 
 CFD                  07/05/2030                          Cash                  83,482          0.05% 
                     ----------------  ----------------  -------------------  --------------- 
 CFD                  13/01/2031                          Cash                  78,204          0.05% 
                     ----------------  ----------------  -------------------  --------------- 
                                                          SUBTOTAL 8.B.2       10,551,735       6.12% 
                                                         -------------------  --------------- 
 
 
 
 
 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 
                            if it equals or        through financial        it equals or is 
                          is higher than the       instruments if it        higher than the 
                         notifiable threshold     equals or is higher     notifiable threshold 
                                                  than the notifiable 
                                                       threshold 
                       -----------------------  ---------------------  ------------------------ 
 The Goldman Sachs 
  Group, Inc. 
                       -----------------------  ---------------------  ------------------------ 
 Goldman Sachs (UK) 
  L.L.C. 
                       -----------------------  ---------------------  ------------------------ 
 Goldman Sachs Group 
  UK Limited 
                       -----------------------  ---------------------  ------------------------ 
 Goldman Sachs 
  International                                  5.42%                  5.42% 
                                                ---------------------  ------------------------ 
 
 The Goldman Sachs 
  Group, Inc. 
                       -----------------------  ---------------------  ------------------------ 
 Goldman Sachs & 
  Co. LLC                                        4.41%                  4.41% 
                                                ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                        N/A 
                                                ----------------------------------------------- 
 The number and % of voting rights               N/A 
  held 
                                                ----------------------------------------------- 
 The date until which the voting rights          N/A 
  will be held 
                                                ----------------------------------------------- 
 
 11. Additional information (xvi) 
 Please note, the total amount of voting rights have 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    21/01/2021 
                      ----------- 
 

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January 22, 2021 11:14 ET (16:14 GMT)