Metro Bank Announces General Meeting for Capital Structure Optimization

Metro Bank Holdings PLC has published a notice for a General Meeting scheduled for March 18, 2025. The meeting will address the potential allotment of shares and the disapplication of pre-emption rights concerning future regulatory capital raises. This includes the possible issuance of contingent convertible securities but excludes ordinary shares.

The bank aims to optimize its capital structure to drive growth. It is considering accessing capital markets, although no decision has been finalized. The meeting acts as a preparatory measure to secure corporate authorization, ensuring readiness to capitalize on market opportunities when necessary.

The Notice of General Meeting can be viewed on Metro Bank's website. Shareholders have been consulted in advance regarding the resolutions. Hard copies will soon be sent to those who opted for them.