REG-Metro Bank Holdings PLC Director/PDMR Shareholding

Metro Bank HoldingsAnnouncement

29/05/2025 15:15

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Metro Bank Holdings PLC (MTRO)
Director/PDMR Shareholding

29-May-2025 / 15:00 GMT/BST

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                                                                   Metro Bank Holdings plc
                                                                            (LSE: MTRO LN)

                                                                               29 May 2025

 

 

Metro Bank Holdings plc (the "Company")

 

Legal Entity Identifier: 984500CDDEAD6C2EDQ64

 

                                             

                               Director / PDMR Shareholding

    Grant of an interest in shares under the Metro Bank Holdings plc Shareholder Value
                                  Alignment Plan (SVAP)

                                             

At Metro Bank's 2025  AGM a resolution was  passed approving the adoption  of the SVAP.  A
copy        of        the         SVAP        rules         is        available         at
 1 https://www.metrobankonline.co.uk/globalassets/metro-bank-holdings-svap-plan-rules.pdf.

On 28 May 2025, Daniel  Frumkin (Chief Executive Officer)  and Marc Page (Chief  Financial
Officer) were awarded a right to be granted  a nil cost option on (or shortly after)  each
of 31 December 2027,  31 December 2028 and  31 December 2029 in  accordance with the  SVAP
rules (the “SVAP Awards”). The number of shares in Metro Bank Holdings plc over which each
nil cost option  will be  granted pursuant to  the SVAP  Award will be  determined by  the
growth in total shareholder return from a value  equivalent to a share price of 80p as  at
the relevant grant date.  An option will  only be granted provided  a minimum share  price
hurdle of 120p has been met,  and to the extent that  the aggregate value (tested at  each
grant date) of the shares under all nil  cost options granted to each individual does  not
exceed £60m in the case of the CEO and £12m in the case of the CFO. Payouts at this capped
level currently requires a share price of £4.37.

Any nil cost options  will vest (to  the extent certain  performance conditions have  been
met) in  line  with  regulatory  requirements, which  currently  require  vesting  over  a
three-to-seven year period from the date of award (28 May 2025), and a one-year  post-vest
holding period  for  instruments. Options  will  also be  subject  to malus  and  clawback
provisions.

 1. DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED:
(a) Name                 Daniel Frumkin
2.  REASON FOR THE NOTIFICATION:
(a) Position / Status    Chief Executive Officer
(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 Holdings plc
(b) LEI                  984500CDDEAD6C2EDQ64
    DETAILS OF THE TRANSACTION(S): SECTION TO BE REPEATED FOR (I) EACH TYPE OF INSTRUMENT;
4.  (II) EACH TYPE OF TRANSACTION; (III) EACH DATE; AND (IV) EACH PLACE WHERE TRANSACTIONS
    HAVE BEEN CONDUCTED:
    Description  of  the
(a) financial            Right to acquire nil cost options over ordinary shares of  0.0001
    instrument, type  of pence each in Metro Bank Holdings plc.
    instrument    
    Identification code  GB00BMX3W479
                         Right to acquire nil cost options to acquire shares in Metro Bank
                         Holdings plc under  the SVAP  (the “SVAP  Award”), determined  by
    Nature    of     the 2.5% of the growth in  value (based on total shareholder  return)
(b) transaction          above a market value equivalent to 80 pence per share, subject to
                         the achievement  of a  minimum share  price hurdle  of 120p,  and
                         subject to a  cap on  the aggregate  value (at  grant) of  shares
                         subject to nil cost options of £60m.
(c) Price  (pence)   and Price(s):       N/A      Volume(s):      To  be   determined   as
    volume                                                        described above in 4(b)
    Aggregated
    information

(d) -   aggregated       Not applicable - single transaction
    volume

    -   price (pence)
(e) Date     of      the 28 May 2025
    transaction
(f) Place     of     the Outside a trading venue
    transaction

 

 1. DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED:
(a) Name                 Marc Page
2.  REASON FOR THE NOTIFICATION:
(a) Position / Status    Chief Financial Officer
(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 Holdings plc
(b) LEI                  984500CDDEAD6C2EDQ64
    DETAILS OF THE TRANSACTION(S): SECTION TO BE REPEATED FOR (I) EACH TYPE OF INSTRUMENT;
4.  (II) EACH TYPE OF TRANSACTION; (III) EACH DATE; AND (IV) EACH PLACE WHERE TRANSACTIONS
    HAVE BEEN CONDUCTED:
    Description  of  the
(a) financial            Right to acquire nil cost options over ordinary shares of  0.0001
    instrument, type  of pence each in Metro Bank Holdings plc.
    instrument    
    Identification code  GB00BMX3W479
                         Right to acquire nil cost options to acquire shares in Metro Bank
                         Holdings plc under  the SVAP  (the “SVAP  Award”), determined  by
    Nature    of     the 0.5% of the growth in  value (based on total shareholder  return)
(b) transaction          above a market value equivalent to 80 pence per share, subject to
                         the achievement  of a  minimum share  price hurdle  of 120p,  and
                         subject to a  cap on  the aggregate  value (at  grant) of  shares
                         subject to nil cost options of £12m.
(c) Price  (pence)   and Price(s):       N/A      Volume(s):      To  be   determined   as
    volume                                                        described above in 4(b)
    Aggregated
    information

(d) -   aggregated       Not applicable - single transaction
    volume

    -   price (pence)
(e) Date     of      the 28 May 2025
    transaction
(f) Place     of     the Outside a trading venue
    transaction

.

Enquiries

For further information on this announcement, please contact:

 

Metro Bank Holdings PLC      

 

Clare Gilligan

Company Secretary    +44 (0) 2034028385 

 

About Metro Bank

Metro Bank provides corporate, commercial and SME banking and specialist mortgage lending,
alongside retail and private banking services. Metro Bank offers relationship banking
through a network of 75 stores in the UK, telephone banking from UK-based contact centres
and digital banking via an award-winning mobile app.

Metro Bank appeared in second place for personal and business service in-store in the
Competition and Markets Authority’s Service Quality Survey, February 2025.

Metro Bank Holdings PLC (registered in England and Wales with company number 14387040,
registered office: One Southampton Row, London, WC1B 5HA) is the listed entity and holding
company of the Metro Bank group.

Metro Bank PLC (registered in England and Wales with company number 6419578, registered
office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation
Authority. ‘Metrobank’ is a registered trademark of Metro Bank PLC. Eligible deposits are
protected by the Financial Services Compensation Scheme. For further information about the
Scheme, refer to  2 www.fscs.org.uk.

Metro Bank is an independent UK bank – it is not affiliated with any other bank or
organisation. Please refer to Metro Bank using the full name.

 

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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BMX3W479
   Category Code:  DSH
   TIDM:           MTRO
   LEI Code:       984500CDDEAD6C2EDQ64
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   391092
   EQS News ID:    2147782


    
   End of Announcement EQS News Service

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