15 Jun 2020 07:00
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15 June 2020
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Legal Entity Identifier: 213800X5WU57YL9GPK89
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METRO BANK PLC
Response to Press Speculation
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15 June 2020: Metro Bank PLC (the "Company") notes the recentΒ pressΒ 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.
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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.
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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.
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Enquires
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For further information on this announcement, please contact:
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Metro Bank PLC | Β |
Jo Roberts, Investor Relations | +44 (0) 20 3402 8900 |
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Media Relations | Β |
Tina Coates | +44 (0)7811 246 016 pressoffice@metrobank.plc.ukΒ |
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Teneo | Β |
Charlie Armitstead / Haya Herbert-Burns | +44 (0)7703 330 269 |
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