Metro Bank PLC Director/PDMR Shareholding (4870P)

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RNS Number : 4870P

Metro Bank PLC

17 November 2016

Metro Bank plc

(the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                   Vernon Hill 
---  ---------------------  -------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status        Chairman (PDMR) 
---  ---------------------  -------------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
---  ---------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                   Metro Bank Plc 
---  ---------------------  -------------------------------------- 
 b)   LEI                    213800X5WU57YL9GPK89 
---  ---------------------  -------------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------- 
 a)   Description            Ordinary shares of GBP0.000001 
       of the financial       pence each 
       instrument, 
       type of instrument     GB00BZ6STL67 
       Identification 
       code 
---  ---------------------  -------------------------------------- 
 b)   Nature of              In specie distribution of 390,244 
       the transaction        ordinary shares held in Metro 
                              Bank Plc by JV Properties to be 
                              equally split between the two 
                              shareholders of which Mr Hill 
                              is one. Vernon Hill therefore 
                              received 195,122 shares in Metro 
                              Bank plc at nil consideration 
                              following the transfer of shares 
                              to be held personally in Mr Hill's 
                              name. Following this transaction, 
                              there was no change in Mr Hill's 
                              beneficial holdings in the Company's 
                              shares 
---  ---------------------  -------------------------------------- 
 c)   Price(s) and 
       volume(s)                      Price(s)    Volume(s) 
                                     ----------  ---------- 
                                        GBPnil      195,122 
                                     ----------  ---------- 
---  ---------------------  -------------------------------------- 
 d)   Aggregated             n/a 
       information 
       - Aggregated 
       volume 
       - Price 
---  ---------------------  -------------------------------------- 
 e)   Date of the            2016-11-07 and 2016-11-08 
       transaction 
---  ---------------------  -------------------------------------- 
 f)   Place of the           London Stock Exchange (XLON) 
       transaction 
---  ---------------------  -------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 17, 2016 07:53 ET (12:53 GMT)