On this news, the Company’ s share price fell $1.69 per share, or over 16%, to close at $8.76 on May 2, 2019, thereby injuring investors. If you purchased Metro Bank securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact...
RNS Number: 4642 Z FTSE Russell 17 May 2019. Metro Bank: Primary Offering- Informative Notice. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
As markets closed last night, Metro Bank (MTRO) announced the terms of its hotly-anticipated equity placing: a sale of 70 million shares at £5 a pop, some 5.2 per cent adrift of the stock’s five-day average closing price but more than three-quarters down on a January high. In the event, strong demand saw the sale expand to 75 million shares, raising £375m, which will be put towards growing loan balances and risk-weighted assets, “while investing in the expansion of stores and new technologies”. Assuming approvals are given at next month’s annual general meeting, the new shares will begin trading two days after, on 5 June. On a pro-forma basis (assuming none of the proceeds are immediately invested in the branch expansion programme), that would give Metro a common equity tier one (CET1) capital ratio of 15.6 per cent, five percentage points above its minimum regulatory level. News of the funding has pushed the stock up 19 per cent at 640p. Following the share dilution and cash injection, the book value is likely to be around 900p, though it’s hard to argue that this year’s debacle should award Metro a valuation as racy as the other challenger banks, or if its expensive business model is a wise place for investor capital. Sell.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.. Copies of the Prospectus will also shortly be...
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Following strong demand from both existing and...
Law Offices of Howard G. Smith announces an investigation on behalf of Metro Bank PLC investors concerning the Company and its officers’ possible violations of federal securities laws. On this news, the Company’ s share price fell $1.69 per share, or over 16%, to close at $8.76 on May 2, 2019, thereby injuring investors. If you purchased Metro Bank securities, have...
RNS Number: 3261 Z Metro Bank PLC 16 May 2019 16 May 2019. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE...
RNS Number: 0146 Z Metro Bank PLC 14 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7424 Y Metro Bank PLC 13 May 2019 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE PUBLICATION OR...
RNS Number: 7073 Y Metro Bank PLC 10 May 2019 TR-1: S tandard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Metro Bank PLC for violations of§§ 10 and 20 of the Securities Exchange Act of 1934 and Rule 10 b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued...
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Metro Bank PLC resulting from allegations that Metro Bank may have issued materially misleading business information to the investing public. On May 1, 2019, Metro Bank announced that an accounting error which was...
RNS Number: 9156 X Metro Bank PLC 02 May 2019 METRO BANK PLC. Legal Entity Identifier: 213800 X5WU57YL9GPK89. 2 May 2019: As at 30 April 2019, Metro Bank PLC has 97,420,458 ordinary shares of £0.000001 in issue, each with voting rights.
RNS Number: 7977 X Metro Bank PLC 01 May 2019. METRO BANK REPORTS STRONG GROWTH IN CUSTOMER ACCOUNTS DESPITE CHALLENGING QUARTER. All figures in US$ have been translated at a rate of $1.30 to the£..
RNS Number: 8602 W Metro Bank PLC 23 April 2019 METRO BANK PLC Publication of Annual Report and Notice of Meeting. Legal Entity Identifier: 213800 X5WU57YL9GPK89. The Annual General Meeting of Metro Bank PLC will be held at One Southampton Row, London WC1B 5 HA on Tuesday 21 May 2019 at 1.30 pm..
RNS Number: 4860 W Metro Bank PLC 17 April 2019 TR-1: S tandard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
RNS Number: 1374 V Metro Bank PLC 04 April 2019 Metro Bank plc. NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Metro Bank Plc
MTRO.L
Metro Bank Plc
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  • SHARES IN ISSUE
    97.42M

Classification

Market Indices-

Locations

HQ
One Southampton Row
WC1B 5HA
London
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