REG - Close Bros Grp PLC - Director/PDMR Shareholding

Close BrothersAnnouncement

25/03/2025 15:45

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RNS Number : 1156C  Close Brothers Group PLC  25 March 2025

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") discloses that on 24 March 2025, a
share award under the Company's Omnibus Share Incentive Plan (the "Plan") was
granted to the executive director and Person Discharging Managerial
Responsibilities ("PDMR") noted below under the Long Term Incentive Plan
("LTIP"). A share price of £4.318 per share has been applied to determine the
number of shares awarded under the plan, being the average of the middle
market quotation for the five business days from and including the date of the
Company's preliminary results announcement on 19 September 2024.

 

This award is subject to performance underpins which are measured at the end
of the three-year period between 1 August 2024 and 31 July 2027.

 

The following notifications, made pursuant to Article 19(3) of the Market
Abuse Regulation, provide further details.

 

The Company also discloses that, following his appointment as Group Chief
Executive Officer, Mike Morgan will receive an annual salary of £968,000 and
a pension allowance at 10% of annual salary, in line with the contribution
levels for all employees. Mr Morgan has received a top-up restricted stock
award to the value of £200,000 (as detailed below) taking his total
restricted stock awards granted for the 2025 financial year, to a value of
£650,000. All remuneration arrangements are consistent with the terms of the
Directors' Remuneration Policy approved by shareholders at the AGM in November
2024. Full details will be provided in the Directors' Remuneration Report
which will be included in the 2025 Annual Report and Accounts.

 

Name of authorised official of issuer responsible for making notification:

 

Tiffany Brill

Deputy Company Secretary

Close Brothers Group plc

25 March 2025

 

 

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 Chief Executive 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  Ordinary Shares of 25p each

      Identification code

                                                                   GB0007668071

 b)   Nature of the transaction                                    Share awards under the Company's Omnibus Share Incentive Plan: Long Term

                                                            Incentive Plan ('LTIP')

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       46,313

 

 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      24 March 2025

 f)   Place of the transaction                                     Outside of a trading venue

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A - single transaction

e)

 

Date of the transaction

 

 

24 March 2025

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

 

Enquiries

 Camila Sugimura  Close Brothers Group plc  020 3857 6577

 

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