Shares in Metro Bank (MTRO) have risen solidly since the challenger bank listed two years ago. It's perhaps unsurprising, then, that chief executive Craig Donaldson and non-executive director Harry Lockhart decided to bank some of those gains. Mr Donaldson sold £2.5m-worth of shares, while his colleague disposed of shares worth more than a quarter of a million pounds. Both sales were made near the share price all-time high.
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Sell
at
3926p
Last year alone, Metro Bank's loan book rose by almost two-thirds, led by residential mortgages. That prompted it to raise its target loan-to-deposit ratio to between 85 and 90 per cent by 2020, as lending as continues to outstrip customer deposits. Management has also pursued an unusual, and high-cost, strategy of opening more branches to grow its customer base.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| BGEO | Hanna Loikkanen | 12 Mar 18 | 800 | 3528 | 28,224 | 3,416 | 0.009 |
| CRH | Richard Boucher | 13 Mar 18 | 1,790 | 2447.13701 | 43,804 | 1,790 | 0.000 |
| Capital & Regional | Hugh Scott-Barrett (ch) | 09 Mar 18 | 135,000 | 53.7 | 72,495 | 3,624,676 | 0.505 |
| Capital Gearing Trust | Jean Matterson | 12 Mar 18 | 2,000 | 3900 | 78,000 | 9,000 | 0.160 |
| Compass | Ireena Vittal | 08 Mar 18 | 1,834 | 1515 | 27,785 | 3,625 | 0.000 |
| Computacenter♥ | Francis Conophy (fd) | 13 Mar 18 | 50,000 | 1038.1508 | 519,075 | 1,779,941 | 1.559 |
| Computacenter | Francis Conophy (fd) | 14 Mar 18 | 2,093 | 1042.433 | 21,818 | 1,729,941 | 1.516 |
| Computacenter♥ | Gregory Lock (ch) | 13 Mar 18 | 15,370 | 1042.2 | 160,186 | 585,027 | 0.513 |
| Computacenter | Gregory Lock (ch) | 13 Mar 18 | 23,630 | 1042.2 | 246,272 | 569,657 | 0.499 |
| Conviviality | Mark Moran (cfo) | 09 Mar 18 | 120,000 | 109 | 130,800 | 180,000 | 0.098 |
| Conviviality | Diana Hunter (ceo) | 09 Mar 18 | 44,176 | 114 | 50,361 | 872,652 | 0.476 |
| Countrywide | Himanshu Raja (cfo) | 09 Mar 18 | 100,000 | 88.05 | 88,050 | 322,841 | 0.149 |
| Countrywide | Paul Creffield | 08 Mar 18 | 100,000 | 83.431 | 83,431 | 123,622 | 0.057 |
| Countrywide | Peter Long (ch) | 08 Mar 18 | 200,000 | 79.8 | 159,600 | 571,429 | 0.263 |
| Dignity♥ | David Blackwood | 14 Mar 18 | 4,965 | 1006 | 49,948 | 7,154 | 0.014 |
| Dignity♥ | Mike McCollum (ceo) | 14 Mar 18 | 35,178 | 990 | 348,262 | 126,845 | 0.254 |
| Dignity♥ | Peter Hindley (ch) | 14 Mar 18 | 26,177 | 950.26 | 248,750 | 106,873 | 0.214 |
| Dignity | Steve Whittern (fd) | 14 Mar 18 | 11,076 | 987.86 | 109,415 | 38,076 | 0.076 |
| Ecofin Global Utilities and Infrastructure Trust♥ | Martin Nѐgre | 09 Mar 18 | 25,000 | 116 | 29,000 | 1,186,868 | 1.292 |
| Ecofin Global Utilities and Infrastructure Trust | Martin Nѐgre | 09 Mar 18 | 77,611 | 115 | 89,253 | 1,161,868 | 1.265 |
| Ecofin Global Utilities and Infrastructure Trust | Martin Nѐgre | 13 Mar 18 | 72,389 | 116 | 83,971 | 1,234,257 | 1.343 |
| Great Eastern Energy Corp | Prashant Modi (ceo) | 08 Mar 18 | 75,000 | 75 | 56,250 | 75,581,912 | 63.448 |
| Great Eastern Energy Corp | Yogendra Kr. Modi (ch) | 08 Mar 18 | 75,000 | 75 | 56,250 | 75,581,912 | 63.448 |
| Greencore | Kevin O'Malley | 14 Mar 18 | 10,000 | 126.67 | 12,667 | 29,500 | 0.004 |
| Greencore♥ | Eoin Tonge (cfo) | 14 Mar 18 | 20,383 | 129.15 | 26,325 | 550,375 | 0.078 |
| Greencore | Patrick Coveney (ceo) | 14 Mar 18 | 68,000 | 127.5 | 86,700 | 3,569,572 | 0.505 |
| Greencore | Gary Kennedy (ch) | 14 Mar 18 | 30,000 | 121.1 | 36,330 | 131,838 | 0.019 |
| Greencore | Heather McSharry | 14 Mar 18 | 20,000 | 127.5 | 25,500 | 57,561 | 0.008 |
| Greencore | Thomas Sampson | 14 Mar 18 | 50,000 | 128.83 | 64,415 | 85,000 | 0.012 |
| Jersey Oil and Gas | Ronald Lansdell | 12 Mar 18 | 25,000 | 189.45 | 47,363 | 925,000 | 4.237 |
| Maistro | David Rowe (ch) | 13 Mar 18 | 500,000 | 4.6 | 23,000 | 11,571,429 | 6.534 |
| Mayan Energy | Eddie Gonzalez (ceo) | 12 Mar 18 | 2,200,000 | 0.87 | 19,140 | 26,366,666 | 2.261 |
| Miton Global Opportunities | Richard Davidson | 12 Mar 18 | 16,984 | 286.4 | 48,642 | 16,984 | 0.063 |
| PROACTIS | Alan Aubrey (ch) | 13 Mar 18 | 12,000 | 155 | 18,600 | 1,131,820 | 1.218 |
| PROACTIS | Rodney Potts | 13 Mar 18 | 12,000 | 155 | 18,600 | 8,995,427 | 9.682 |
| PROACTIS | Tim Sykes (cfo) | 13 Mar 18 | 7,001 | 155 | 10,852 | 247,736 | 0.267 |
| Paddy Power Betfair | Gary McGann (ch) | 12 Mar 18 | 1,250 | 7858.38035 | 98,230 | 3,260 | 0.004 |
| Raven Russia | Anton Bilton | 12 Mar 18 | 1,000,000 | 46.15 | 461,500 | 42,367,676 | 6.414 |
| Rentokil Initial | Andy Ransom (ceo) | 08 Mar 18 | 100,000 | 261.5 | 261,500 | 1,562,544 | 0.085 |
| SIG | Andrew Allner (ch) | 12 Mar 18 | 10,940 | 137 | 14,988 | 16,940 | 0.003 |
| Schroders | Damon Buffini | 14 Mar 18 | 5,000 | 2340 | 117,000 | 5,000 | 0.002 |
| TP ICap | Carol Sergeant | 14 Mar 18 | 5,173 | 483.2 | 24,996 | 14,211 | 0.003 |
| Warehouse REIT | Neil Kirton (ch) | 13 Mar 18 | 175,000 | 100 | 175,000 | 200,000 | 0.120 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Close Brothers♥ | Elizabeth Lee | 14 Mar 18 | 7,000 | 1522.75 | 106,593 | 37,295 | 0.025 |
| Close Brothers | Elizabeth Lee | 14 Mar 18 | 7,000 | 1522.75 | 106,593 | 44,295 | 0.029 |
| Close Brothers | Preben Prebensen (ceo) | 14 Mar 18 | 137,369 | 1522.8 | 2,091,855 | 605,546 | 0.400 |
| EVRAZ | Alexander Abramov (ch) | 13 Mar 18 | 27,013 | 443.754 | 119,871 | 302,041,438 | 21.278 |
| EVRAZ | Alexander Abramov (ch) | 14 Mar 18 | 7,140 | 442.2962 | 31,580 | 302,034,298 | 21.277 |
| EVRAZ | Alexander Frolov (ceo) | 13 Mar 18 | 13,487 | 443.754 | 59,849 | 150,823,881 | 10.625 |
| EVRAZ | Alexander Frolov (ceo) | 14 Mar 18 | 3,564 | 442.2962 | 15,763 | 150,820,317 | 10.625 |
| Helical | Michael Slade (ch) | 09 Mar 18 | 158,903 | 330 | 524,380 | 12,472,554 | 10.516 |
| Hill & Smith | M Pegler (fd) | 14 Mar 18 | 24,000 | 1329.66 | 319,118 | 54,573 | 0.069 |
| Hiscox♥ | Robert Childs (ch) | 12 Mar 18 | 40,000 | 1500.5 | 600,200 | 1,300,610 | 0.453 |
| Hiscox | Robert Childs (ch) | 12 Mar 18 | 40,000 | 1505 | 602,000 | 1,340,610 | 0.467 |
| Metro Bank | Craig Donaldson (ceo) | 08 Mar 18 | 63,000 | 4016.6404 | 2,530,483 | 160,342 | 0.181 |
| Metro Bank | Harry Lockhart | 13 Mar 18 | 5,700 | 4007.12 | 228,406 | 34,989 | 0.040 |
| UDG Healthcare | Chris Corbin | 13 Mar 18 | 730,000 | 870 | 6,351,000 | 2,748,962 | 1.106 |
| *placing/tender/open offer ♥spouse/connected party | |||||||
