16th Feb 2016 14:06
LONDON (Alliance News) - CYBG PLC two of its top executives bought their first and only shares in the lender who floated earlier this month.
Chairman Jim Pettigrew bought 50,000 shares at GBP1.82504 each and Deputy Chairman David Bennett bought 16,334 shares at GBP1.8266 each on Monday.
The initial public offering of CYBG, the owner of the Clydesdale and Yorkshire retail banking brands in the UK, was priced at 180.0 pence per share.
The IPO was intended to separate CYBG from former parent National Australia Bank.
The stock was up 1.2% at GBP1.8525p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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