Since listing on the main market a year ago, shares in Metro Bank (MTRO) have enjoyed a stellar performance. Now, some members of the board have decided to bank a chunk of those gains. Chief executive Craig Donaldson sold £2.3m-worth of shares in the challenger bank, while executive director Mike Brierley netted himself more than £500,000.
Both previously exercised 3,333 share options in the bank, which were sold at a price of £35.87 each. Metro Bank's branch-driven growth strategy has continued to find favour with investors, sending the shares up by more than half since listing last March. Eight new branches opened in 2016, taking its network total to 48. Management is aiming for 110 branches by 2020. Despite rapid loan book growth, the cost of opening new sites meant the bank made a pre-tax loss in 2016, although this was lower than the previous year's figure.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| BAE Systems | Charles Woodburn | 24 Feb 17 | 46,569 | 610 | 284,071 | 73,296 | 0.002 |
| BCA Marketplace | Timothy Lampert (cfo) | 23 Feb 17 | 7,982 | 177.4649 | 14,165 | 19,232 | 0.002 |
| Capital Gearing Trust♥ | Alastair Laing | 28 Feb 17 | 372 | 3852.5 | 14,331 | 11,945 | 0.273 |
| Capital Gearing Trust | Robin Archibald | 24 Feb 17 | 920 | 3848.01 | 35,402 | 920 | 0.021 |
| Castleton Technology♥ | Ian Smith | 01 Mar 17 | 250,000 | 57.02 | 142,550 | 19,204,336 | 24.397 |
| Coats | Rajiv Sharma (ceo) | 28 Feb 17 | 200,000 | 56 | 112,000 | 400,000 | 0.028 |
| Condor Gold* | Jim Mellon | 28 Feb 17 | 161,290 | 62 | 100,000 | 1,256,108 | 2.047 |
| Debenhams | Sergio Bucher (ceo) | 27 Feb 17 | 187,617 | 53.3 | 100,000 | 187,617 | 0.015 |
| Dunelm | John Browett (ceo) | 24 Feb 17 | 665 | 639 | 4,249 | 46,624 | 0.023 |
| Dunelm♥ | John Browett (ceo) | 24 Feb 17 | 8,406 | 638.5 | 53,672 | 55,030 | 0.027 |
| Go-Ahead♥ | Andrew Allner (ch) | 28 Feb 17 | 500 | 1969 | 9,845 | 1,242 | 0.003 |
| Go-Ahead | Patrick Butcher (cfo) | 01 Mar 17 | 2,477 | 2007.36 | 49,722 | 4,363 | 0.010 |
| Greencoat UK Wind | Martin McAdam | 24 Feb 17 | 10,000 | 118.965 | 11,897 | 70,270 | 0.010 |
| Hays | Peter Williams | 23 Feb 17 | 8,054 | 149.1 | 12,009 | 15,000 | 0.001 |
| International Consolidated Airlines | Alberto Esteban | 27 Feb 17 | 9,637 | 525.4231 | 50,635 | 26,537 | 0.001 |
| Jardine Lloyd Thompson | Annette Court | 01 Mar 17 | 1,000 | 1032.2 | 10,322 | 1,000 | 0.000 |
| Johnson Service | Nicholas Gregg | 28 Feb 17 | 15,000 | 114.4 | 17,160 | 15,000 | 0.004 |
| Jupiter Fund Management | Jonathan Bond | 24 Feb 17 | 10,000 | 419.1 | 41,910 | 28,294 | 0.006 |
| Jupiter Fund Management | Karl Sternberg | 24 Feb 17 | 3,000 | 415.5 | 12,465 | 3,000 | 0.001 |
| Lancashire | Michael Dawson | 28 Feb 17 | 7,200 | 693 | 49,896 | 7,200 | 0.004 |
| Learning Technologies | Leslie-Ann Reed | 01 Mar 17 | 1,250,000 | 40 | 500,000 | 2,350,000 | 0.558 |
| Meggitt | Antony Wood | 28 Feb 17 | 10,378 | 478.15 | 49,622 | 10,378 | 0.001 |
| NEX | Ivan Ritossa | 01 Mar 17 | 167,500 | 597 | 999,975 | 167,500 | 0.044 |
| Playtech | Andrew Smith (cfo) | 01 Mar 17 | 2,500 | 892.1 | 22,303 | 2,500 | 0.001 |
| Quartix | Jim Warwick | 01 Mar 17 | 12,500 | 399.5 | 49,938 | 52,500 | 0.111 |
| Redefine International | Adrian Horsburgh | 24 Feb 17 | 50,000 | 36.4468 | 18,223 | 60,000 | 0.003 |
| Redefine International | Donald Grant (cfo) | 24 Feb 17 | 50,000 | 36.315 | 18,158 | 50,000 | 0.003 |
| Redefine International | Stephen Oakenfull | 24 Feb 17 | 50,000 | 36.568 | 18,284 | 623,536 | 0.035 |
| Royal Bank of Scotland (The) | Ewen Stevenson (cfo) | 27 Feb 17 | 30,000 | 234.2 | 70,260 | 796,499 | 0.007 |
| Standard Life UK Smaller Companies Trust | Tim Scholefield | 28 Feb 17 | 3,950 | 403 | 15,919 | 3,950 | 0.006 |
| Verona Pharma | Jan-Anders Karlsson (ceo) | 28 Feb 17 | 12,000 | 149 | 17,880 | 81,400 | 0.158 |
| Verona Pharma | Jan-Anders Karlsson (ceo) | 01 Mar 17 | 7,750 | 149 | 11,548 | 89,150 | 0.174 |
| Wilmington | Pedro Ros (ceo) | 24 Feb 17 | 17,575 | 271.18 | 47,660 | 40,000 | 0.046 |
| Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| BGEO | Irakli Burdiladze | 23 Feb 17 | 5,531 | 2910.06 | 160,955 | 99,802 | 0.261 |
| BGEO | Irakli Burdiladze | 23 Feb 17 | 7,965 | 2871.24 | 228,694 | 91,766 | 0.240 |
| BGEO | Irakli Burdiladze | 27 Feb 17 | 4,000 | 2822.57 | 112,903 | 87,766 | 0.229 |
| BGEO | Irakli Burdiladze | 28 Feb 17 | 9,390 | 2845.97 | 267,237 | 78,376 | 0.205 |
| BGEO | Irakli Burdiladze | 01 Mar 17 | 13,709 | 2817.847 | 386,299 | 64,667 | 0.169 |
| BrainJuicer | John Kearon (ceo) | 27 Feb 17 | 100,000 | 700 | 700,000 | 3,320,209 | 27.172 |
| Carr's♥ | Chris Holmes (ch) | 01 Mar 17 | 10,000 | 151.5 | 15,150 | 778,000 | 0.851 |
| Carr's | Chris Holmes (ch) | 01 Mar 17 | 10,000 | 151.5 | 15,150 | 788,000 | 0.862 |
| Centamin | Josef El-Raghy (ch) | 23 Feb 17 | 4,040,000 | 179 | 7,231,600 | 29,359,372 | 2.548 |
| Centamin | Josef El-Raghy (ch) | 24 Feb 17 | 3,509,372 | 176.4 | 6,190,532 | 25,850,000 | 2.244 |
| Centamin | Josef El-Raghy (ch) | 27 Feb 17 | 5,000,000 | 173.4 | 8,670,000 | 20,850,000 | 1.810 |
| Hastings | Richard Brewster | 01 Mar 17 | 9,000,001 | 248 | 22,320,002 | 9,133,222 | 1.390 |
| Hiscox | Robert Childs (ch) | 27 Feb 17 | 1,032 | 1072.151 | 11,065 | 1,510,834 | 0.529 |
| Hiscox♥ | Robert Childs (ch) | 27 Feb 17 | 1,224 | 1072.151 | 13,123 | 1,509,610 | 0.528 |
| Metro Bank | Craig Donaldson (ceo) | 24 Feb 17 | 65,000 | 3602 | 2,341,300 | 223,342 | 0.278 |
| Metro Bank | Mike Brierley (cfo) | 24 Feb 17 | 14,000 | 3582 | 501,480 | 91,165 | 0.113 |
| Mid Wynd International Inv Trust♥ | Russell Napier | 28 Feb 17 | 13,000 | 433.5 | 56,355 | 221,325 | 0.715 |
| SThree | Justin Hughes | 24 Feb 17 | 89,688 | 318.58 | 285,728 | 351,393 | 0.271 |
* placing/tender/open offer ♥ spouse/connected party | |||||||
