Duffy nets £730,000 of shares

DAVID Duffy, chief executive of CYBG, netted more than £730,000 worth of shares in the Clydesdale Bank owner under a deferred equity plan.

Mr Duffy was awarded 391,561 shares in CYBG under a 2015 plan linked to its demerger from National Australia Bank (NAB) in 2016, which prefaced its flotation on the London market. The shares were awarded on February 15, with Mr Duffy then selling nearly £350,000 worth of the shares to cover tax liabilities and sale costs the same day.

CYBG shares closed down 2.1% at 185.5p last night, having tumbled from 364.2p since August.