Metro Bank Holdings PLC: Major Shareholding Notification

Metro Bank Holdings PLC has disclosed a significant change in its major shareholdings. The latest notification indicates that Conifer Management, L.L.C., based in New York, has adjusted its position in the company. As of May 16, 2025, Conifer's voting rights in Metro Bank have fallen below the 5% threshold. This update comes after Conifer replaced Ruane, Cunniff & Goldfarb L.P. as the investment manager for clients holding Metro Bank shares. The alteration in voting rights suggests a disposal of shares or an adjustment in financial instruments. This change reflects Conifer's current position in comparison to a previously held 5.15% stake.

Conifer's registration in New York and the role of Gregory Alexander as the ultimate controlling person are also noted. Previously, Ruane, Cunniff & Goldfarb disclosed these interests in 2019. This transition signifies a strategic shift in the holdings of Metro Bank, underlining the dynamic nature of investment management.