RNS Number : 6933G
Metro Bank PLC
07 November 2018
 

TR-1: Standard 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 underlying issuer of existing shares to which voting rights are attachedii:

METRO BANK PLC

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

X

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights


Other (please specify)iii: Placing of new ordinary shares


3. Details of person subject to the notification obligationiv

Name

Bank of America Corporation

City and country of registered office (if applicable)

Wilmington, DE, United States

4. Full name of shareholder(s) (if different from 3.)v

Name


City and country of registered office (if applicable)


5. Date on which the threshold was crossed or reachedvi:

5th November 2018

6. Date on which issuer notified (DD/MM/YYYY):

7th November 2018

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

 

2.477%

 

3.650%

 

6.127%

97,412,662

Position of previous notification (if

applicable)

Below Notifiable Threshold

Below Notifiable Threshold

Below Notifiable Threshold


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

 

GB00BZ6STL67

 

0

                                                    2,413,117

 

0%

 

2.477%

 











SUBTOTAL 8. A

2,413,117

2.477%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

Right to Recall

 

N/A

 

N/A

                                                        290,000

 

 

0.298%

 


















SUBTOTAL 8. B 1

                                                        290,000

 

 

0.298%

 

 

 

 

 

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 financial instrument

Expiration
datex

Exercise/
Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Swaps

Apr 02, 2019

N/A

Cash Settled

                                           125,929

0.129%

Swaps

Apr 05, 2019

N/A

Cash Settled

                                             12,534

0.013%

Swaps

Apr 15, 2019

N/A

Cash Settled

                                           129,600

0.133%

Swaps

Apr 17, 2020

N/A

Cash Settled

                                                   775

0.001%

Swaps

Apr 18, 2019

N/A

Cash Settled

                                           198,145

0.203%

Swaps

Apr 30, 2019

N/A

Cash Settled

                                           225,909

0.232%

Swaps

Apr 30, 2020

N/A

Cash Settled

                                                1,859

0.002%

Swaps

Aug 20, 2019

N/A

Cash Settled

                                                2,138

0.002%

Swaps

Dec 31, 2020

N/A

Cash Settled

                                                1,167

0.001%

Swaps

Feb 15, 2023

N/A

Cash Settled

                                           471,389

0.484%

Swaps

Feb 22, 2019

N/A

Cash Settled

                                                8,544

0.009%

Swaps

Feb 25, 2019

N/A

Cash Settled

                                           152,315

0.156%

Swaps

Feb 26, 2021

N/A

Cash Settled

                                                   111

0.000%

Swaps

Feb 28, 2019

N/A

Cash Settled

                                                   431

0.000%

Swaps

Jan 29, 2021

N/A

Cash Settled

                                                2,328

0.002%

Swaps

Jan 31, 2020

N/A

Cash Settled

                                                2,038

0.002%

Swaps

Jul 30, 2021

N/A

Cash Settled

                                                1,725

0.002%

Swaps

Jul 31, 2019

N/A

Cash Settled

                                                   150

0.000%

Swaps

Jul 31, 2020

N/A

Cash Settled

                                                5,914

0.006%

Swaps

Jun 13, 2019

N/A

Cash Settled

                                             11,123

0.011%

Swaps

Jun 30, 2020

N/A

Cash Settled

                                                2,231

0.002%

Swaps

Jun 30, 2021

N/A

Cash Settled

                                                5,123

0.005%

Swaps

Mar 06, 2019

N/A

Cash Settled

                                           137,013

0.141%

Swaps

Mar 12, 2019

N/A

Cash Settled

                                           120,888

0.124%

Swaps

Mar 27, 2019

N/A

Cash Settled

                                             39,365

0.040%

Swaps

Mar 29, 2019

N/A

Cash Settled

                                           247,576

0.254%

Swaps

May 05, 2020

N/A

Cash Settled

                                             51,438

0.053%

Swaps

May 29, 2020

N/A

Cash Settled

                                                   918

0.001%

Swaps

May 31, 2019

N/A

Cash Settled

                                             25,757

0.026%

Swaps

Nov 04, 2019

N/A

Cash Settled

                                                   663

0.001%

Swaps

Nov 12, 2019

N/A

Cash Settled

                                                        5

0.000%

Swaps

Nov 15, 2018

N/A

Cash Settled

                                           642,486

0.660%

Swaps

Nov 18, 2019

N/A

Cash Settled

                                             66,490

0.068%

Swaps

Nov 25, 2020

N/A

Cash Settled

                                             12,729

0.013%

Swaps

Nov 29, 2019

N/A

Cash Settled

                                             28,492

0.029%

Swaps

Oct 03, 2019

N/A

Cash Settled

                                                      23

0.000%

Swaps

Oct 07, 2019

N/A

Cash Settled

                                                1,081

0.001%

Swaps

Oct 11, 2019

N/A

Cash Settled

                                                      23

0.000%

Swaps

Oct 15, 2019

N/A

Cash Settled

                                                2,848

0.003%

Swaps

Oct 17, 2019

N/A

Cash Settled

                                                   417

0.000%

Swaps

Oct 18, 2019

N/A

Cash Settled

                                             15,145

0.016%

Swaps

Oct 19, 2020

N/A

Cash Settled

                                             16,510

0.017%

Swaps

Oct 21, 2019

N/A

Cash Settled

                                                1,089

0.001%

Swaps

Oct 24, 2019

N/A

Cash Settled

                                                      88

0.000%

Swaps

Oct 25, 2019

N/A

Cash Settled

                                                   873

0.001%

Swaps

Oct 26, 2020

N/A

Cash Settled

                                                3,264

0.003%

Swaps

Oct 28, 2019

N/A

Cash Settled

                                             23,225

0.024%

Swaps

Oct 29, 2019

N/A

Cash Settled

                                             25,082

0.026%

Swaps

Oct 29, 2021

N/A

Cash Settled

                                             14,387

0.015%

Swaps

Oct 30, 2020

N/A

Cash Settled

                                                   539

0.001%

Swaps

Sep 16, 2019

N/A

Cash Settled

                                           272,219

0.279%

Swaps

Sep 27, 2019

N/A

Cash Settled

                                                      33

0.000%

Swaps

Sep 30, 2019

N/A

Cash Settled

                                           145,041

0.149%

Swaps

Sep 30, 2020

N/A

Cash Settled

                                                7,942

0.008%




SUBTOTAL 8.B.2

                                       3,265,127

3.352%


 

 

 

 

 

 

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) issuerxiii


Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bank of America Corporation

N/A

N/A

N/A

NB Holdings Corporation

N/A

N/A

N/A

 

 

BofAML Jersey Holdings Limited

N/A

N/A

N/A

BofAML EMEA Holdings 2 Limited

N/A

N/A

N/A

ML UK Capital Holdings Limited

N/A

N/A

N/A

Merrill Lynch International

N/A

3.556%

6.025%

 

 

 

 

 

 

 

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bank of America Corporation

N/A

N/A

N/A

NB Holdings Corporation

N/A

N/A

N/A

 

 

BAC North America Holding Company

N/A

N/A

N/A

BANA Holding Corporation

N/A

N/A

N/A

Bank of America, National Association

N/A

N/A

N/A

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bank of America Corporation

N/A

N/A

N/A

NB Holdings Corporation

N/A

N/A

N/A

 

 

BAC North America Holding Company

N/A

N/A

N/A

Merrill Lynch, Pierce, Fenner & Smith Incorporated

N/A

N/A

N/A

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held


 

 

 

 

 

11. Additional informationxvi


 

Place of completion

United Kingdom

Date of completion

7th November 2018

 

 

 

 


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