RNS Number : 9458S
Metro Bank PLC
14 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


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:

11th March 2019

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

13th 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

2.302%

3.719%

6.021%

                  97,420,458

 

Position of previous notification (if

applicable)

3.057%

3.760%

6.818%


 

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

  

      2,242,927

 

0%

2.302%











SUBTOTAL 8. A

      2,242,927

2.302%

 

 

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

 

885,828

 

 

0.909%

 


















SUBTOTAL 8. B 1

 

885,828

 

 

0.909%

 


 

 

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

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

              251,184

0.258%

Swaps

Apr 15,2019

N/A

Cash Settled

              264,120

0.271%

Swaps

May 07,2019

N/A

Cash Settled

              152,730

0.157%

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

                31,853

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

                32,639

0.034%

Swaps

Nov 29,2019

N/A

Cash Settled

              195,353

0.201%

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 14,2020

N/A

Cash Settled

                21,563

0.022%

Swaps

Apr 30,2020

N/A

Cash Settled

                91,935

0.094%

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

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%




SUBTOTAL 8.B.2

 

2,737,304

 

2.810%




 

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

3.083%

5.377%

 

 

 

 

 

 

 

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

13th March 2019

 


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