26th Feb 2019 17:10
LONDON (Alliance News) - FTSE 250-listed Metro Bank PLC said on Tuesday it has entered a standby underwrite agreement with RBC Capital Markets, Jefferies and KBW to raise GBP350 million in equity.
The equity raise is expected to be launched in the first half of 2019 after shareholder consultation.
Metro Bank said it expects to publish its 2018 results on Tuesday after the market close.
Shares in Metro Bank closed 16% lower at 1,300.00 pence on Tuesday.
Related Shares:
Metro Bank