Holding(s) in Company

16.05.25 17:45 Uhr

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Metro Bank Holdings PLC (MTRO)
Holding(s) in Company

16-May-2025 / 16:45 GMT/BST

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TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

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GB00BMX3W479

Issuer Name

METRO BANK HOLDINGS PLC

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UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Spruce House Investment Management

City of registered office (if applicable)

New York

Country of registered office (if applicable)

USA

4. Details of the shareholder

Name

City of registered office

Country of registered office

The Spruce House Partnership LLC

Wilmington

United States of America

5. Date on which the threshold was crossed or reached

15-May-2025

6. Date on which Issuer notified

16-May-2025

7. Total positions of person(s) subject to the notification obligation

.

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

10.103738

0.000000

10.103738

68000000

Position of previous notification (if applicable)

 

 

 

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BMX3W479

68000000

0

10.103738

0.000000

Sub Total 8.A

68000000

10.103738%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 

 

 

 

 

Sub Total 8.B1

 

 

 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

 

 

 

 

 

 

Sub Total 8.B2

 

 

 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Ben Stein and Zach Sternberg as joint-controllers of Spruce House Investment Management LLC

 

10.103738

 

10.103738%

Spruce House Investment Management LLC

 

10.103738

 

10.103738%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Based on 673,018,224 ordinary shares outstanding as of 30 April 2025.

The Spruce House Partnership LLC (SH) is an aggregating entity to its sole member funds: The Spruce House Partnership (AI) LP and The Spruce House Partnership (QP) LP - the general partner of both funds is Spruce House Capital LLC (itself controlled equally by Ben Stein and Zach Sternberg).

The voting rights (or deemed voting rights) attached to the positions held by SH are exercised by Spruce House Investment Management LLC, which is controlled equally by Ben Stein and Zach Sternberg.

12. Date of Completion

16-May-2025

13. Place Of Completion

New York, United States of America



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB00BMX3W479
Category Code: HOL
TIDM: MTRO
LEI Code: 984500CDDEAD6C2EDQ64
OAM Categories: 2.3. Major shareholding notifications
Sequence No.: 388962
EQS News ID: 2139878

 
End of Announcement EQS News Service

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