REG - Close Bros Grp PLC - Director/PDMR Shareholding

Close BrothersAnnouncement

07/10/2021 17:20

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 £15.458 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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 
 
 
- Price 
 
 


 
 
 
109,280
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 
 
 
- Price 
 
 


 
 
 
66,668
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 
 
 
- Price 
 
 


 
 
 
14,556
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 
 
 
- Price 
 
 


 
 
 
20,055
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 
 
 
- Price 
 
 


 
 
 
16,497
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 
 
 
- Price 
 
 


 
 
 
38,815
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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 /Amendment 
 
 


Initial notification




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 financial instrument, type of instrument 
 
Identification code 
 
 


Ordinary Shares of 25p each
 
 
 
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
 
 
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