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https://www.metrobankonline.co.uk/globalassets/metro-bank-financial-statements-31-december-2019.pdf
RNS Number : 5587E
Metro Bank PLC
28 February 2020
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:
3. Details of person subject to the notification obligationiv
Name
Ennismore Fund Management Limited
City and country of registered office (if applicable)
London , United Kingdom
4. Full name of shareholder(s) (if different from 3.)v
Name
1) Ennismore European Smaller Companies Fund
2) Ennismore Global Equity Fund
3) Ennismore European Smaller Companies Master Hedge Fund
City and country of registered office (if applicable)
1) Dublin, Ireland
2) Dublin, Ireland
3) Cayman Islands
5. Date on which the threshold was crossed or reachedvi:
26 February 2020
6. Date on which issuer notified (DD/MM/YYYY):
28 February 2020
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
2.10%
0.97%
3.07%
172,420,458
Position of previous notification (if
applicable)
n/a
n/a
n/a
So with ENA only buying back 0.44% around £1.3M - yesterday with 7,838,380 traded Who bought the other 3,540,690 £6.3M? Around 2% Not all retail that’s for sure- TR1 due?
Then we have 3,399,125 traded today - another 1% bought overall
GLA
I believe Dan has the same can do attitude that I saw when I first met Ross McEwan in his first week at RBS. The industry where so impressed around 12m later if I recall correctly he became CEO of the whole group -he could not believe the red tape and poor systems tying us in knots and preventing delivery - he rolled up his sleeved and got out there fixing something every day -within 6 months the management team where completely empowered. If Dan has the time this will come good IMHO under his leadership.
However I also thought the statement Around considering assets sales and the example he gave of if offered 93 forget it but offered 101 any-day. Was a tip to any predators - yes but I want true value for it.....
So happy either way currently. Let’s see...GLA
You may be right BS - biggest volume today since spruce increase on 4th Feb
Interesting to see if any leeks after the board meeting tomorrow before the results next week....
1,593,022. Mon 17 Feb
1,077,064. Fri
753,996. Thur
454,207. Wed
693,683. Tue
1,167,395. Mon 10 Feb
1,478,697. Fri
846,833. Thur
1,263,635. Wed 5th Feb. Cohen reduction
2,841,517. Tue 4th Feb. Spruce increase
1,547,103. Mon
Well Bacal is betting against them buying 6% - that’s a cool - £22 million around 2.10
Then spruce have upped to 6% recently as well - so you are right - make your bet on who are the better business gurus - personally as I’ve been around banking for 30 years - I’m following Bacal every day of the week - GLA
VOLEON CAPITAL MANAGEMENT LP is an SEC Registered Investment Adviser (RIA). The firm is based in BERKELEY CA UNITED STATES. As of the firm's last SEC filing on October 16, 2019, the firm has 42 employees and has $3.8 Billion in Regulatory Assets Under Management (RAUM).
Could it be as a hedge ? Any other thoughts....