Director dealings: Wife of former Metro Bank chair ups stake
By Iain Gilbert
Date: Monday 19 Aug 2019
(Sharecast News) - Metro Bank revealed on Monday that former chairman Vernon Hill\'s wife Shirley had acquired 100,000 ordinary shares in the London-listed challenger bank.
Shirley Hill, whose husband had previously said he would likely die before stepping down from the bank he founded in 2010, purchased the shares on Friday at an average price of 275.21p each, for a total value of £275,205.99.
Metro Bank announced it would be replacing Hill in late July following a plunge in interim pre-tax profits after customers withdrew £2.0bn in deposits.
The group, which was set up during the 2008 financial crash, reported pre-tax profits of £3.4m, marking a sharp fall from £20.8m a year earlier.
As of 1630 BST, Metro Bank shares had picked up 4.87% to 288.40p.
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