Company Announcements
Award of rights under the DEP and LTIP Plans
Related Companies
By LSE RNS
CYBG PLC
(Company)
10 March 2017
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBLITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The Company announces that on 9 March 2017 the following Directors and PDMRs were granted the awards noted below under the CYBG Deferred Equity Plan (DEP) and the CYBG Long Term Incentive Plan (LTIP).
The number of rights awarded was based on the average middle market share price over the three days before grant, being £2.6603.
DEP 2016 Defferred Bonus Awards
• 2016 deferred bonus awards in the form of rights to acquire CYBG PLC Ordinary Shares of £0.10 each which vest over three years in line with the requirements of the PRA Remuneration Code; and
• 2016 upfront share bonus awards in the form of rights to acquire CYBG PLC Ordinary Shares of £0.10 each which will be released after six months in line with the requirements of the PRA Remuneration Code.
During the vesting periods and holding periods, all of the above awards carry a right to receive dividend equivalents, to the extent that the awards vest.
LTIP 2016 Long Term Incentive Plan Awards
The awards relate to the 2016 LTIP which will vest on the third anniversary of grant subject to performance conditions. During the vesting periods and holding periods, the awards will carry a right to receive dividend equivalents, to the extent that the awards vest.
DEP Commencement Awards
The awards will vest between September 2017 and September 2019. During the vesting periods and holding periods, the awards will carry a right to receive dividend equivalents, to the extent that the awards vest.
Summary of Awards
|
Executive Directors |
Number of shares awarded under the DEP |
Number of shares awarded under the LTIP |
|
Debbie Crosbie |
85,309 |
169,153 |
|
David Duffy |
189,508 |
375,897 |
|
Ian Smith |
87,208 |
172,912 |
|
PDMRs |
Number of shares awarded under the DEP |
Number of shares awarded under the LTIP |
Number of shares awarded under the DEP Commencement Awards |
|
Kate Guthrie |
28,380 |
114,648 |
- |
|
Enda Johnson |
35,898 |
101,492 |
- |
|
Fergus Murphy |
27,816 |
131,564 |
- |
|
Gavin Opperman |
48,678 |
142,841 |
- |
|
Helen Page |
29,507 |
105,251 |
- |
|
James Peirson |
26,312 |
77,058 |
- |
|
Mark Thundercliffe |
- |
140,961 |
24,884 |
This announcement is made in accordance with the requirements of the FCA's DTR Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse Regulation.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||
|
a)
|
Name
|
Debbie Crosbie
|
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2
|
Reason for the notification
|
|||||||||||||
|
a)
|
Position/status
|
Executive Director |
||||||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||||||||
|
a)
|
Name
|
CYBG PLC |
||||||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
||||||||||||
|
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 £0.10 each
GB00BD6GN030 |
||||||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 deferred bonus awards under the DEP 3) Grant in relation to the 2016 LTIP under the LTIP |
||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||
|
d) |
Aggregated information
|
N/A
|
||||||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
||||||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
||||||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||
|
a)
|
Name
|
David Duffy
|
||||||||||||
|
2
|
Reason for the notification
|
|||||||||||||
|
a)
|
Position/status
|
Executive Director |
||||||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||||||||
|
a)
|
Name
|
CYBG PLC |
||||||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
||||||||||||
|
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 £0.10 each
GB00BD6GN030 |
||||||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 deferred bonus awards under the DEP 3) Grant in relation to the 2016 LTIP under the LTIP
|
||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||
|
d) |
Aggregated information
|
N/A
|
||||||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
||||||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
||||||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||||||||
|
a)
|
Name
|
Ian Smith
|
||||||||||||
|
2
|
Reason for the notification
|
|||||||||||||
|
a)
|
Position/status
|
Executive Director |
||||||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||||||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||||||||
|
a)
|
Name
|
CYBG PLC |
||||||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
||||||||||||
|
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 £0.10 each
GB00BD6GN030 |
||||||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 deferred bonus awards under the DEP 3) Grant in relation to the 2016 LTIP under the LTIP
|
||||||||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||||||||
|
d) |
Aggregated information
|
N/A
|
||||||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
||||||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
||||||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
Kate Guthrie
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 LTIP under the LTIP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
Enda Johnson
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 LTIP under the LTIP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
Fergus Murphy
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 LTIP under the LTIP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
Gavin Opperman
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 LTIP under the LTIP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
Helen Page
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 LTIP under the LTIP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
James Peirson
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 upfront share bonus awards under the DEP 2) Grant in relation to the 2016 LTIP under the LTIP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||||||
|
a)
|
Name
|
Mark Thundercliffe
|
|||||||||
|
2
|
Reason for the notification
|
||||||||||
|
a)
|
Position/status
|
PDMR |
|||||||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||||||||
|
a)
|
Name
|
CYBG PLC |
|||||||||
|
b)
|
LEI
|
213800ZK9VGCYYR6O495 |
|||||||||
|
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 £0.10 each
GB00BD6GN030 |
|||||||||
|
b)
|
Nature of the transaction
|
1) Grant in relation to the 2016 LTIP under the LTIP 2) Grant in relation the commencement award under the DEP
|
|||||||||
|
c)
|
Price(s) and volume(s)
|
|
|||||||||
|
d) |
Aggregated information
|
N/A
|
|||||||||
|
e)
|
Date of the transaction
|
9 March 2017 |
|||||||||
|
f)
|
Place of the transaction
|
London / London Stock Exchange (LON:LSE) |
|||||||||
This information is provided by RNS
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