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Metro Bank Holdings PLC announced on January 24, 2024, that Jaime Gilinski Bacal will join its Board as a Non-executive Director, with the appointment effective upon completion of necessary formalities. Mr. Gilinski Bacal, who holds a 52.88% shareholding in Metro Bank through Spaldy Investments Limited, is entitled with Spaldy to appoint up to three directors to the Board.
| Date | 24 Jan 2024 |
| Time | 07:00:15 |
| Category | Board changes |
| ID | 7462A |
Metro Bank Holdings PLC (LSE: MTRO LN)
24 January 2024
Metro Bank Holdings PLC
Legal Entity Identifier: 984500CDDEAD6C2EDQ64
Board Appointment
Metro Bank announces that Jaime Gilinski Bacal will join the Board as a Non-executive Director. The appointment will become effective once the necessary formalities are completed.
Jaime has a 52.88% shareholding in Metro Bank through his Spaldy Investments Limited vehicle. As previously disclosed, pursuant to the relationship agreement entered into in regard to the Capital Package in 2023, Spaldy Investments and Jaime Gilinski Bacal are entitled to appoint up to three directors in total to the Board.
Jaime Gilinski Bacal holds a number of investments in financial institutions and real estate, primarily in Latin America and the United States. Jaime Gilinski Bacal's other investments include controlling interests in Banco GNB Sudameris, Banco GNB Peru, Banco GNB Paraguay and Lulo Bank, and significant shareholdings in Grupo Sura S.A. and Grupo Nutresa S.A.
Robert Sharpe, Chair of Metro Bank, said: "Jaime's appointment underscores the commitment he has long shown to the bank as a supportive, long-term shareholder. He brings decades of banking expertise and experience which will prove invaluable on the next stage of the bank's journey."
Jaime Gilinski Bacal, founder of Spaldy Investments Limited, commented: "There are many opportunities for Metro Bank to grow and I am looking forward to playing a part in the evolution of the bank as we build on the solid foundational work undertaken to date. A customer-centric physical presence complemented by digital capabilities remains a unique offering and sets Metro Bank apart."
The Company confirms that there are no other matters requiring disclosure pursuant to LR 9.6.13R (1) to (6) in respect of the appointment.
The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (which forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and was authorised for release by Clare Gilligan, Company Secretary.
Enquiries
For more information, please contact:
Metro Bank Investor Relations
Jo Roberts
+44 (0) 20 3402 8900
Metro Bank Media Relations
Tina Coates / Mona Patel
+44 (0) 7811 246016 / +44 (0) 7815 506845
Teneo
Charles Armitstead / Haya Herbert Burns
+44 (0)7703 330269 / +44 (0) 7342 031051
ENDS
About Metro Bank
Metro Bank services 2.8 million customer accounts and is celebrated for its exceptional customer experience. It remains one of the highest rated high street banks for overall service quality for personal customers and the best bank for service in-store for personal and business customers, in the Competition and Markets Authority's Service Quality Survey in August 2023. Metro Bank has also been awarded "2023 Best Lender of the Year - UK" in the M&A Today, Global Awards, "Best Mortgage Provider of the Year" in 2022 MoneyAge Mortgage Awards, "Best Business Credit Card" in 2022 Moneynet Personal Finance Awards, "Best Business Credit Card 2022", Forbes Advisor, "Best Current Account for Overseas Use" by Forbes 2022 and accredited as a top ten Most Loved Workplace 2023. It was "Banking Brand of The Year" at the Moneynet Personal Finance Awards 2021 and received the Gold Award in the Armed Forces Covenant's Employer Recognition Scheme 2021.
The community bank offers retail, business, commercial and private banking services, and prides itself on giving customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities it serves. Whether that's through its network of 76 stores open seven days a week, 362 days a year; on the phone through its UK-based contact centres; or online through its internet banking or award-winning mobile app, the bank offers customers real choice.
Metro Bank Holdings PLC (registered in England and Wales with company number 14387040, registered office: One Southampton Row, London, WC1B 5HA) is the listed entity and holding company of Metro Bank plc.
Metro Bank plc (registered in England and Wales with company number 6419578, registered office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. 'Metrobank' is a registered trademark of Metro Bank plc. Eligible deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk. All Metro Bank products are subject to status and approval.
Metro Bank is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.