TIDMCBG
RNS Number : 4199O
Close Brothers Group PLC
07 October 2021
Close Brothers Group plc
Notification of transactions by
persons discharging managerial responsibilities
in Ordinary shares of the Company of 25p each (Shares)
Close Brothers Group plc (the "Company") notifies that on 5
October 2021, share awards under the Company's Omnibus Share
Incentive Plan (the "Plan") were granted to the executive directors
and other persons discharging managerial responsibilities ("PDMRs")
noted below under the deferred annual bonus plan ("DAB") and long
term incentive plan ("LTIP"). A share price of GBP15.458 per share
has been applied to determine the number of shares awarded under
each of the plans.
Deferred Annual Bonus Plan Share Awards
These awards entitle participants to call for specified amounts
of their award shares at their option and at nil cost at any time
during defined one year periods between 5 October 2022 and 5
October 2024.
These entitlements will lapse if the participant leaves
employment in certain circumstances and are subject to forfeiture
or reduction in particular adverse circumstances.
Long Term Incentive Plan Awards
These awards entitle participants to call at any time between 5
October 2026 and 4 October 2027 at their option, at nil cost, for
their award shares subject to achievement of certain performance
conditions.
The number of shares shown in the individual notifications below
is the maximum available to each director or other PDMR on
satisfaction, in full, of the performance targets for the LTIP. 35%
of the LTIP award will be subject to a target based on the
Company's average return on equity over the performance period
being at least 10% per annum, with maximum vesting at 18% per
annum. A further 35% of each award will be subject to a requirement
that the growth in the Company's adjusted earnings per share over
the performance period must exceed 10% over that period with
maximum vesting at 30% over that period. The relevant part of a
participant's award will lapse if the return on equity and/or
adjusted earnings per share performance is below the lower level;
25% will vest at the lower level and 100% at the top level. For
performance between the two levels, the award will vest on a
sliding scale. The remaining 30% of the LTIP award will be subject
to a measure which is based on risk management objectives which
focus on capital, balance sheet management, funding, liquidity, and
risk, compliance and controls. 25% of this part of the award will
vest at threshold performance, with 100% vesting at exceptional
performance and no vesting at below threshold performance.
These entitlements will lapse if the participant leaves
employment in certain circumstances and are subject to forfeiture
or reduction in particular adverse circumstances.
The following notifications, made pursuant to Article 19(3) of
the Market Abuse Regulation, provide further details.
Name of authorised official of issuer responsible for making
notification
Helen Thorpe
Head of Secretariat
Close Brothers Group plc
7 October 2021
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 Adrian Sainsbury
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Group Chief Executive
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- --------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- --------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- --------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Deferred Annual Bonus ('DAB')
2. Long Term Incentive Plan ('LTIP').
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. DAB Nil 34,076
---------- ----------
2. LTIP Nil 75,204
---------- ----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume 109,280
- Price Nil
-------------------------- --------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- --------------------------------------------
f) Place of the transaction Off market
-------------------------- --------------------------------------------
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 Mike Morgan
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Group Finance Director
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Deferred Annual Bonus ('DAB')
2. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. DAB Nil 21,384
---------- ----------
2. LTIP Nil 45,284
---------- ----------
-------------------------- -------------------------------------------------
d) Aggregated information
- Aggregated volume 66,668
- Price Nil
-------------------------- -------------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------------
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 Martyn Atkinson
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Group Chief Operating Officer
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. LTIP Nil 17,467
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------
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 Neil Davies
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer Commercial
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Deferred Annual Bonus ('DAB')
2. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. DAB Nil 3,235
---------- ----------
2. LTIP Nil 11,321
---------- ----------
-------------------------- -------------------------------------------------
d) Aggregated information
- Aggregated volume 14,556
- Price Nil
-------------------------- -------------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------------
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 Rebekah Etherington
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Group Head of Human Resources
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Deferred Annual Bonus ('DAB')
2. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. DAB Nil 647
---------- ----------
2. LTIP Nil 19,408
---------- ----------
-------------------------- -------------------------------------------------
d) Aggregated information
- Aggregated volume 20,055
- Price Nil
-------------------------- -------------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------------
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 Rebecca McNeil
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer Retail
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Deferred Annual Bonus ('DAB')
2. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. DAB Nil 1,941
---------- ----------
2. LTIP Nil 14,556
---------- ----------
-------------------------- -------------------------------------------------
d) Aggregated information
- Aggregated volume 16,497
- Price Nil
-------------------------- -------------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------------
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 Frank Pennal
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer Property
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Deferred Annual Bonus ('DAB')
2. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. DAB Nil 22,642
---------- ----------
2. LTIP Nil 16,173
---------- ----------
-------------------------- -------------------------------------------------
d) Aggregated information
- Aggregated volume 38,815
- Price Nil
-------------------------- -------------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------------
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 Robert Sack
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Group Chief Risk Officer
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. LTIP Nil 19,408
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------
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 Philip Yarrow
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Winterflood Chief Executive
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- -------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- -------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- -------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Long Term Incentive Plan ('LTIP')
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. LTIP Nil 22,642
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- -------------------------------------------
f) Place of the transaction Off market
-------------------------- -------------------------------------------
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 Angela Yotov
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Group General Counsel
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Close Brothers Group plc
-------------------------- --------------------------------------------
b) LEI 213800W73SYHR14I3X91
-------------------------- --------------------------------------------
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 of the Ordinary Shares of 25p each
financial instrument,
type of instrument
Identification code GB0007668071
-------------------------- --------------------------------------------
b) Nature of the transaction 2021 share awards under the Company's
Omnibus Share Incentive Plan:
1. Long Term Incentive Plan ('LTIP').
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
1. LTIP Nil 11,645
---------- ----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
-------------------------- --------------------------------------------
e) Date of the transaction 5 October 2021
-------------------------- --------------------------------------------
f) Place of the transaction Off market
-------------------------- --------------------------------------------
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END
DSHFLFLRISLDIIL
(END) Dow Jones Newswires
October 07, 2021 12:16 ET (16:16 GMT)
Close Brothers (LSE:CBG)
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