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Metro Bank PLC - Response to Press Speculation

RNS Number : 9343P
Metro Bank PLC
15 June 2020
 

 

15 June 2020

 

Legal Entity Identifier: 213800X5WU57YL9GPK89

 

 

METRO BANK PLC

Response to Press Speculation

 

15 June 2020: Metro Bank PLC (the "Company") notes the recent press 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.

 

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.

 

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.

 

 

 

Enquires

 

For further information on this announcement, please contact:

 

 

Metro Bank PLC

 

Jo Roberts, Investor Relations

+44 (0) 20 3402 8900

 

 

Media Relations

 

Tina Coates

+44 (0)7811 246 016

[email protected] 

 

 

Teneo

 

Charlie Armitstead / Haya Herbert-Burns

+44 (0)7703 330 269

 

 


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Quick facts: Metro Bank

Price: 108.4

Market: LSE
Market Cap: £186.56 m
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