The £325 million capital raise includes £150 million of new equity and £175 million of new MREL issuance.
Spaldy Investments Limited, Metro Bank’s largest shareholder, is contributing £102 million and will become the controlling shareholder of Metro Bank upon completion of the transaction – with roughly a 53% shareholding.
Daniel Frumkin, chief executive officer at Metro Bank, said: “Today’s announcement marks a new chapter for Metro Bank, facilitating the delivery of continued profitable growth over the coming years. “We thank our shareholders and noteholders for their continuing support of Metro Bank and our customers.”
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