Member Info for bigsmoke

oh dear.

taking a breather.
the old gal has her hiking boots on, not her slippers.

some folks have made an easy 5% this morning.

lol - brilliant! thank you, stukeyblue.
never noticed it before, either.
(shame emoticon).

thank you, sir.

try that again shall we....

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MTRO&ArticleCode=zf5f9rvj&ArticleHeadline=Statement_re_Press_Speculation

Metro Bank's c. £350 million growth equity raise is well advanced

Legal Entity Identifier: 213800X5WU57YL9GPK89

Further to recent press speculation, Metro Bank (the "Company") confirms that its plan to raise c. £350 million of equity capital to support its growth is well advanced. Metro Bank has commenced final discussions with existing shareholders and new investors, and the feedback continues to be positive.

The equity raise, which is subject to the committed standby underwriting agreement announced on 26 February 2019, is expected to be by way of a placing subject to shareholder approval. The Company intends to respect the principles of pre-emption as far as practicable via the allocation process.

As stated at the time of Metro Bank's Q1 results in May, the equity raise will be completed (subject to approvals) by the end of Q2 2019.

The Company will update the market in due course.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 and was authorised for release by David Arden, Chief Financial Officer.

Text Highlighting
Home
Share Prices
Financial Diary
UK Indices
UK Industry Sectors
Company Lookup
Share Risers
Share Fallers
Broker Ratings
Finance Glossary
Fantasy Share Game
Research Tools
NEX Share Prices
Share Chat
Finance News
Share Trading
Forex
Media
Blogs
Live Prices
Shares Bookshop
Finance Tools
Members
Portfolio
Watchlist
Premium Services
What’s New
User Settings
Fantasy Share Game
Logout

Potash mine developer Emmerson start Khemisset Feasability Study in Northern Morocco #EML
Ascent CEO Colin Hutchinson outlines the 2019 strategy and deliverables for #AST
Latest Share Chat

AMER. AGM today? / wed?

HUR. I didn't read it like that - ...

SXX. Shangrila do you restrict you...

I3E. dusterinmong, are you still i...

BIDS. Solid update video by JW on ...

FRR. he cannot disguise the truth ...

WDC. Is there enough Time to top

FRR. Inherent2mil. What is your po...

HUR. On our way Biffa!!

VOG. but will you be tuesday voggers?

Home
::
Share Prices
::
Metro Bk Share Price
::
Metro Bk Regulatory News
::
Bookmark this page
Add Metro Bk to quick picks
Metro Bk Regulatory News (MTRO)

MTRO Share Price
MTRO Share Price
MTRO News
MTRO Share News
MTRO Share Charts
MTRO Share Charts
MTRO Forum1
MTRO Share Chat
MTRO Share Trades
MTRO Share Trades
MTRO Live RNS
MTRO
Live RNS
MTRO Level 2 Console
MTRO Level 2 Console
MTRO Live Share Price
MTRO Live Share Price
MTRO Broker Tips / Recommendations
MTRO Broker Ratings
MTRO Directors Deals
MTRO Directors Deals
MTRO Financial Diary
MTRO Financial Diary
MTRO Fundamental Data
MTRO Fundamentals
MTRO Media
MTRO Media
Buy MTRO SharesBuy MTRO Shares
Add MTRO to WatchlistAdd MTRO to Watchlist
Add MTRO to AlertAdd MTRO to Alert
Add MTRO to myTerminalAdd MTRO to myTerminal

Regulatory News for Metro Bk (MTRO)

Share Price: 533.50 Bid: 0.00 Ask: 0.00 Change: 0.00 (0.00%) No Movement on Metro Bk
Spread: 0.00 Spread as %: 0.00% Open: 531.50 High: 0.00 Low: 0.00 Yesterday’s Close: 533.50

MTRO Alliance
News
MTRO Reuters
News
MTRO ShareCast
News
MTRO Regulatory
News
MTRO
Pro News

Categories:
Date:

Statement re Press Speculation
Mon, 13th May 2019 07:00

RNS Number : 7424Y
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 DISTRIBUTION WOULD BE UNLAWFUL.

Metro Bank's c. £350 million growth equity raise is well advanced

Legal Entity Identifier: 213800X5WU57YL9GPK89

Further to recent press speculation, Metro Bank (the "Company") confirms that its plan to raise c. £350 million of equity capital to support its growth is well advanced. Metro Bank has commenced final discussions with exi

PDLers. what will this week bring?
diamond auction?

AGM today? / wed?

but will you be tuesday voggers?

a good one?

With next placement we are back to penny shares?

this week, you stay cautiously optomistic, i'll stay speculatively pessamistic

my stooopid thinking, but....... 1/10th of m/c 1 year ago. even dilluting to £3.75 a share, leaves scope for a circa five fold rise over next few months.

looks to continue a while yet.

perhaps spud news might change the direction.

Metro Bank handed reprieve as legal threat recedes https://www.telegraph.co.uk/business/2019/05/11/metro-bank-handed-reprieve-legal-threat-recedes/Metro Bank has been handed a lifeline after some investors stepped back from the threat of legal action over the embattled lender’s recent accounting blunder.Shareholders are understood to have concluded that a legal claim could “destroy” the bank.A lawyer involved in the discussions told The Sunday Telegraph that after months of considering a case there was now “no appetite” for a legal battle, which could have ended up in court and added to its woes.Investors had approached a number of law firms earlier this year after a major accounting error wiped £800m from Metro Bank’s share price.

gonna be

Metro Bank says cash lifeline talks 'advanced'
https://www.bbc.co.uk/news/business-48243155

Metro Bank has said its plans to raise £350m to strengthen its finances are "well advanced" as it tries to quell questions over its financial health.

The bank's shares have plummeted around 75% since January when it announced it needed the money to plug a funding gap left by an accounting error.

Reports have suggested the bank was struggling to raise the cash.

But Metro Bank said it was now in "final discussions" with shareholders and new investors over its plans.

"Feedback continues to be positive," it added.

The bank - which has 67 branches in London and the South East - said it expected to raise the cash by the end of June.

It said it would raise the money via a share placing, with additional shares created and offered to new and existing investors.

Shares in Metro Bank tumble – again
Financial sharks circling Metro Bank
The American taking on British banks

The bank revealed in January that it had underestimated the risk level of some of its commercial loans, meaning it didn't have the required shock-absorbing capital it needed to support a number of its business loans.

The funds it raises via its new share placing are aimed at making up for the shortfall.

The bank said the share sale had been underwritten by the banks arranging the sale.

Metro Bank has been under close supervision by regulator the Prudential Regulation Authority after the capital miscalculation.

The issue has also weighed heavily on its performance, with its recent results for the first three months of the year showing a sharp drop in pre-tax profit to £6.9m from £10m for the same period a year ago.

Chief executive Craig Donaldson said "adverse sentiment" has also impacted deposit growth, but said that 2019 would be "a year of transition" for the bank.

The bank was founded in 2010 by American Vernon Hill, becoming Britain's first new High Street bank for over 100 years.

Its unusual focus, in a world where most banks are drastically cutting back on branches, has been on building physical branches, which open earlier and longer than any of their rivals.

never a dull moment.

37p - good target for this week?