Spruce House Increases Stake in Metro Bank Holdings

Metro Bank Holdings PLC has announced a significant change in its shareholding structure, as disclosed in its recent TR-1 form notification. Spruce House Investment Management, based in New York, USA, has increased its voting rights in Metro Bank to 10.103738%. This adjustment places them in accordance with the principles of major shareholding notification.

The Spruce House Partnership LLC, located in Wilmington, USA, holds 68 million direct voting rights in Metro Bank, translating to a 10.103738% stake. There are no indirect voting rights reported. This update follows the acquisition or disposal of voting rights crossing the threshold on May 15, 2025, with Metro Bank being notified on May 16, 2025.

The controlling individuals, Ben Stein and Zach Sternberg, are joint controllers of Spruce House Investment Management, which embodies an aggregating entity for related funds. This announcement reflects the state of 673,018,224 ordinary shares outstanding as of April 30, 2025.