Sharecast News - Fri 3 Jul 20204 Jul 2020 08:26
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