Nationwide boss sold £150,000 shares in Virgin Money before bid

Mikael Armstrong, who is leading the campaign for members, is asking why she sold her Virgin shares. He said: “Did she think that her stockholding might be seen as a conflict of interest? Did she put them in trust instead? Or did she think the share price was topping out – despite deciding last month that they’re now worth £2.20 per share, albeit using Nationwide members’ equity to buy them? Whatever the answer, no surprise Nationwide members are calling for more transparency and a member vote on the proposed deal.”

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