Last checked at (Sharecast News) - Metro Bank revealed on Friday that chief executive Daniel Frumkin had acquired 500,000 ordinary shares in the London-listed retail banking group.
Frumkin, who took over as permanent CEO back in February, purchased the shares on Thursday at an average price of 114.40p each, for a total value of £570,509.02.
Back in June, Metro confirmed it was in "early stage" discussions with peer-to-peer lender RateSetter about a potential acquisition.
Responding to a report by Sky News, Metro said it had entered into a period of exclusivity with RateSetter.
As of 1655 BST, Metro Bank shares were down 1.79% at 112.40p.
Top Director Buys
Metro Bank (MTRO)
Director name: Frumkin,Daniel
Amount purchased: 500,000 @ 114.10p
Value: £570,509.02
Crest Nicholson Holdings (CRST)
Director name: Truscott ,Peter
Amount purchased: 90,000 @ 201.73p
Value: £181,558.90
Stenprop Limited (STP)
Director name: Carey,Julian
Amount purchased: 16,778 @ 119.20p
Value: £19,999.38
Stenprop Limited (STP)
Director name: Carey,Julian
Amount purchased: 16,792 @ 119.10p
Value: £19,999.27
Renew Holdings (RNWH)
Director name: Hazell,Stephanie
Amount purchased: 4,476 @ 446.80p
Value: £19,998.77
Contango Holdings (CGO)
Director name: Stansfield,Oliver
Amount purchased: 309,301 @ 4.50p
Value: £13,918.55
Informa (INF)
Director name: Mapp,Derek
Amount purchased: 2,768 @ 470.40p
Value: £13,020.67
Crest Nicholson Holdings (CRST)
Director name: Cooper,Duncan
Amount purchased: 5,000 @ 197.74p
Value: £9,887.20
Christie Group (CTG)
Director name: Rugg,David
Amount purchased: 11,392 @ 79.00p
Value: £8,999.68
Cloudcoco Group (CLCO)
Director name: Duckworth,Simon D'Olier
Amount purchased: 600,000 @ 1.00p
Value: £6,000.00
Informa (INF)
Director name: Whitehead,Gill
Amount purchased: 1,177 @ 470.40p
Value: £5,536.61
Informa (INF)
Director name: Flaschen,David
Amount purchased: 739 @ 470.40p
Value: £3,476.26
Informa (INF)
Director name: McDowell,Mary
Amount purchased: 694 @ 470.40p
Value: £3,264.58
Informa (INF)
Director name: Bullock,Gareth
Amount purchased: 554 @ 470.40p
Value: £2,606.02
Informa (INF)
Director name: Owers,Helen
Amount purchased: 507 @ 470.40p
Value: £2,384.93
Informa (INF)
Director name: Rishton,John
Amount purchased: 490 @ 470.40p
Value: £2,304.96
Informa (INF)
Director name: Davidson,Stephen
Amount purchased: 465 @ 470.40p
Value: £2,187.36
Lsl Property Services (LSL)
Director name: Buck,Helen
Amount purchased: 71 @ 212.00p
Value: £150.52
Lsl Property Services (LSL)
Director name: Castleton ,Adam
Amount purchased: 71 @ 212.00p
Value: £150.52
Top Director Sells
Stenprop Limited (STP)
Director name: Carey,Julian
Amount sold: 35,141 @ 113.83p
Value: £40,001.00
Ninety One (N91)
Director name: Titi,Fani
Amount sold: 11,084 @ 208.00p
Value: £23,054.72
Nb Distressed Debt Investment Fund Limited Red Ord (NBDG)
Director name: Holmberg,Michael
Amount sold: 19,785 @ 63.87p
Value: £12,636.68
Nb Distressed Debt Investment Fund Limited Red Ord (NBDG)
Director name: Hallam,John
Amount sold: 18,925 @ 63.87p
Value: £12,087.40
Nb Distressed Debt Investment Fund Limited Red Ord (NBDG)
Director name: Vakil,Stephen
Amount sold: 10,322 @ 63.87p
Value: £6,592.66
Nb Distressed Debt Investment Fund Limited Ext Shs (NBDX)
Director name: Holmberg,Michael
Amount sold: 5,908 @ $0.70
Value: $4,140.92
Nb Distressed Debt Investment Fund Limited Ext Shs (NBDX)
Director name: Edward Hallam,John
Amount sold: 4,310 @ $0.70
Value: $3,020.88
8 Oct 2023 11:36
Sunday newspaper round-up: Renewi, Metro Bank, New homes
(Sharecast News) - Some of Renewi's major shareholders are divided as to whether the recycling company should engage with Australian suitor Macquarie. One major shareholder has told Renewi's board that it should not until Macquarie raised its £636m bid, but another top ten shareholder told The Sunday Times that it should talk to the Australian outfit anyways. Macquarie has until 26 October to make a firm offer. - The Sunday Times
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