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METRO BANK PLC — M&A Activity 2020
Jun 15, 2020
4947_tar_2020-06-15_e98b54dc-406a-485a-85a6-b98ada8561ed.html
M&A Activity
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National Storage Mechanism | Additional information
RNS Number : 9343P
Metro Bank PLC
15 June 2020
15 June 2020
Legal Entity Identifier: 213800X5WU57YL9GPK89
METRO BANK PLC
Response to Press Speculation
15 June 2020: Metro Bank PLC (the "Company") notes the recent press speculation regarding a potential acquisition of Retail Money Market LTD and its subsidiaries ("RateSetter"). The Company regularly assesses various opportunities in the market and accordingly confirms that it has entered in to a period of exclusivity with RateSetter, but discussions regarding the potential acquisition are at an early stage.
RateSetter is a UK focused peer-to-peer lender whose distribution platform could accelerate the Company's stated strategy to grow its unsecured consumer lending book.
There can be no certainty at this stage that a formal agreement will be reached, nor as to the terms of any agreement. A further announcement will be made if and when appropriate.
Enquires
For further information on this announcement, please contact:
| Metro Bank PLC | |
| Jo Roberts, Investor Relations | +44 (0) 20 3402 8900 |
| Media Relations | |
| Tina Coates | +44 (0)7811 246 016 [email protected] |
| Teneo | |
| Charlie Armitstead / Haya Herbert-Burns | +44 (0)7703 330 269 |
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. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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