RNS Number : 7884R
Metro Bank PLC
04 March 2019
 

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:

27th February 2019

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

1st March 2019

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

 

2.497%

 

4.351%

 

6.848%

                  97,420,458

 

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

  

   2,432,567

 

0%

2.497%

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

2,432,567

2.497%

 

 

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

 

894,054

 

 

0.918%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

894,054

 

 

 

0.918%

 

 

 

 

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

Feb 28, 2019

N/A

Cash Settled

             1,186

0.001%

Swaps

Mar 06, 2019

N/A

Cash Settled

         214,411

0.220%

Swaps

Mar 11, 2019

N/A

Cash Settled

           21,563

0.022%

Swaps

Mar 29, 2019

N/A

Cash Settled

           30,235

0.031%

Swaps

Apr 02, 2019

N/A

Cash Settled

           39,594

0.041%

Swaps

Apr 05, 2019

N/A

Cash Settled

         215,833

0.222%

Swaps

Apr 15, 2019

N/A

Cash Settled

         525,754

0.540%

Swaps

May 31, 2019

N/A

Cash Settled

           25,406

0.026%

Swaps

Jun 13, 2019

N/A

Cash Settled

             2,026

0.002%

Swaps

Jun 28, 2019

N/A

Cash Settled

           41,970

0.043%

Swaps

Sep 06, 2019

N/A

Cash Settled

         979,000

1.005%

Swaps

Sep 16, 2019

N/A

Cash Settled

         384,719

0.395%

Swaps

Sep 27, 2019

N/A

Cash Settled

                   33

0.000%

Swaps

Sep 30, 2019

N/A

Cash Settled

           31,928

0.033%

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 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 28, 2019

N/A

Cash Settled

           23,225

0.024%

Swaps

Nov 04, 2019

N/A

Cash Settled

                 663

0.001%

Swaps

Nov 12, 2019

N/A

Cash Settled

                      5

0.000%

Swaps

Nov 18, 2019

N/A

Cash Settled

           22,867

0.023%

Swaps

Nov 29, 2019

N/A

Cash Settled

         174,005

0.179%

Swaps

Dec 27, 2019

N/A

Cash Settled

           46,556

0.048%

Swaps

Jan 31, 2020

N/A

Cash Settled

             2,038

0.002%

Swaps

Apr 17, 2020

N/A

Cash Settled

                 303

0.000%

Swaps

Apr 30, 2020

N/A

Cash Settled

           90,749

0.093%

Swaps

May 05, 2020

N/A

Cash Settled

           15,819

0.016%

Swaps

May 29, 2020

N/A

Cash Settled

                 918

0.001%

Swaps

Jun 30, 2020

N/A

Cash Settled

             2,231

0.002%

Swaps

Jul 31, 2020

N/A

Cash Settled

             5,914

0.006%

Swaps

Aug 26, 2020

N/A

Cash Settled

             2,359

0.002%

Swaps

Sep 30, 2020

N/A

Cash Settled

             7,942

0.008%

Swaps

Oct 19, 2020

N/A

Cash Settled

           17,154

0.018%

Swaps

Oct 30, 2020

N/A

Cash Settled

                 539

0.001%

Swaps

Dec 31, 2020

N/A

Cash Settled

             1,167

0.001%

Swaps

Jan 29, 2021

N/A

Cash Settled

             2,328

0.002%

Swaps

Feb 26, 2021

N/A

Cash Settled

                 111

0.000%

Swaps

Jun 30, 2021

N/A

Cash Settled

             5,123

0.005%

Swaps

Jul 30, 2021

N/A

Cash Settled

             1,725

0.002%

Swaps

Oct 29, 2021

N/A

Cash Settled

           14,387

0.015%

Swaps

Jan 31, 2022

N/A

Cash Settled

           18,156

0.019%

Swaps

Feb 28, 2022

N/A

Cash Settled

           20,501

0.021%

Swaps

Feb 15, 2023

N/A

Cash Settled

         348,111

0.357%

 

 

 

SUBTOTAL 8.B.2

3,344,996

 

 

3.434%

 

 

 

 
             

 

 

 

 

 

 

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

3.715%

6.204%

 

 

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

1st March 2019

 

               


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