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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Close Brothers Group Plc | LSE:CBG | London | Ordinary Share | GB0007668071 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18.00 | 3.92% | 476.80 | 475.40 | 477.40 | 478.60 | 447.60 | 455.00 | 200,927 | 13:24:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Asset - Backed Securities | 1.01B | 81.1M | - | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCBG
RNS Number : 2112T
Close Brothers Group PLC
10 October 2017
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 3 October 2017, 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 1,459p per share has been applied to determine the number of shares awarded under each of the plans.
At the Company's Annual General Meeting to be held on 16 November 2017, shareholders will be asked to approve the Company's updated Directors' Remuneration Policy set out in the Company's Annual Report 2017 (the "Updated Remuneration Policy"). If the Updated Remuneration Policy is approved, shareholders will then be asked to approve updates to the Plan rules to give effect to the Updated Remuneration Policy.
The DAB awards noted below have been made under the existing Plan rules whilst the LTIP awards noted below have been made under the updated Plan rules which the Company's shareholders will be asked to approve at the AGM. The LTIP awards are conditional on the approval of the updated Plan rules by shareholders at the AGM.
Full details of the Updated Remuneration Policy can be found on pages 74 to 81 of the Company's Annual Report 2017 which is available on its website at:
www.closebrothers.com/investor-relations/investor-information/results-reports-and-presentations
A summary of the proposed changes to the Close Brothers Omnibus Share Incentive Plan to give effect to the Updated Remuneration Policy will be included in the Notice of Annual General Meeting which is to be posted to shareholders on or around 12 October and will be made available on the Company's website at:
https://www.closebrothers.com/investor-relations/shareholder-information/annual-general-meeting
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 3 October 2018 and 2 October 2021.
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 3 October 2022 and 2 October 2023 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. For this award, 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 12% per annum, with maximum vesting at 20% 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% per annum over that period with maximum vesting at 30% per annum over that period. The relevant part of a participant's award will lapse if the Company's 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 two risk management objectives targets which focus on capital and balance sheet management and risk, compliance and controls. 40% of this part of the Award will vest at satisfactory performance, with 100% vesting at exceptional performance and no vesting at below unsatisfactory 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
John Hudspith
Deputy Company Secretary
Close Brothers Group plc
10 October 2017
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Hot Features
Premium
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------------
a) Name Preben Prebensen
--- ------------------------- ----------------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- ----------------------------------------------
b) Nature of the 2017 share awards under the
transaction Company's Omnibus Share Incentive
Plan:
1. Deferred Annual Bonus
('DAB')
2. Long Term Incentive Plan
('LTIP'), conditional on
the approval of updated Plan
rules by shareholders at
the AGM.
--- ------------------------- ----------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
-------------- ---------- ----------
1. DAB GBP14.59 64,031
-------------- ---------- ----------
2. LTIP GBP14.59 129,541
-------------- ---------- ----------
--- ------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 193,572
- Price GBP14.59
--- ------------------------- ----------------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- ----------------------------------------------
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 Jonathan Howell
--- ------------------------- ----------------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- ----------------------------------------------
b) Nature of the 2017 share awards under the
transaction Company's Omnibus Share Incentive
Plan:
1. Deferred Annual Bonus
('DAB')
3. Long Term Incentive Plan
('LTIP'), conditional on
the approval of updated Plan
rules by shareholders at
the AGM.
--- ------------------------- ----------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
-------------- ---------- ----------
1. DAB GBP14.59 47,204
-------------- ---------- ----------
2. LTIP GBP14.59 93,352
-------------- ---------- ----------
--- ------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 140,556
- Price GBP14.59
--- ------------------------- ----------------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- ----------------------------------------------
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 Elizabeth Lee
--- ------------------------- -------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status Group Head of Legal & Regulatory
Affairs
--- ------------------------- -------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -------------------------------------
b) Nature of the 2017 Long Term Incentive
transaction Plan ('LTIP') share award,
conditional on the approval
of updated Plan rules by
shareholders at the AGM.
--- ------------------------- -------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
---------- ---------- ----------
LTIP GBP14.59 47,979
---------- ---------- ----------
--- ------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume
- Price
--- ------------------------- -------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -------------------------------------
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 Tazim Essani
--- ------------------------- -------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status Group Head of Corporate Development
--- ------------------------- -------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -------------------------------------
b) Nature of the 2017 Long Term Incentive
transaction Plan ('LTIP') share award,
conditional on the approval
of updated Plan rules by
shareholders at the AGM.
--- ------------------------- -------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
---------- ---------- ----------
LTIP GBP14.59 23,990
---------- ---------- ----------
--- ------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume
- Price
--- ------------------------- -------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -------------------------------------
b) Nature of the 2017 Long Term Incentive
transaction Plan ('LTIP') share award,
conditional on the approval
of updated Plan rules by
shareholders at the AGM.
--- ------------------------- -------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
---------- ---------- ----------
LTIP GBP14.59 23,990
---------- ---------- ----------
--- ------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume
- Price
--- ------------------------- -------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -------------------------------------
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 Martin Andrew
--- ------------------------- -----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------
a) Position/status Asset Management 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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -----------------------------------------
b) Nature of the 2017 share awards under the
transaction Company's Omnibus Share Incentive
Plan:
1. Deferred Annual Bonus
('DAB')
2. Long Term Incentive Plan
('LTIP'), conditional on
the approval of updated Plan
rules by shareholders at
the AGM.
--- ------------------------- -----------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
-------------- ---------- ----------
1. DAB GBP14.59 4,570
-------------- ---------- ----------
2. LTIP GBP14.59 27,417
-------------- ---------- ----------
--- ------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 31,987
- Price GBP14.59
--- ------------------------- -----------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -----------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- ----------------------------------------------
b) Nature of the 2017 share awards under the
transaction Company's Omnibus Share Incentive
Plan:
1. Deferred Annual Bonus
('DAB')
2. Long Term Incentive Plan
('LTIP'), conditional on
the approval of updated Plan
rules by shareholders at
the AGM.
--- ------------------------- ----------------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
-------------- ---------- ----------
1. DAB GBP14.59 2,399
-------------- ---------- ----------
2. LTIP GBP14.59 23,990
-------------- ---------- ----------
--- ------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 26,389
- Price GBP14.59
--- ------------------------- ----------------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- ----------------------------------------------
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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -----------------------------------------
b) Nature of the 2017 share awards under the
transaction Company's Omnibus Share Incentive
Plan:
1. Deferred Annual Bonus
('DAB')
2. Long Term Incentive Plan
('LTIP'), conditional on
the approval of updated Plan
rules by shareholders at
the AGM.
--- ------------------------- -----------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
-------------- ---------- ----------
1. DAB GBP14.59 2,399
-------------- ---------- ----------
2. LTIP GBP14.59 23,990
-------------- ---------- ----------
--- ------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 26,389
- Price GBP14.59
--- ------------------------- -----------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -----------------------------------------
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 Adrian Sainsbury
--- ------------------------- -----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------
a) Position/status Banking Managing 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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -----------------------------------------
b) Nature of the 2017 share awards under the
transaction Company's Omnibus Share Incentive
Plan:
1. Deferred Annual Bonus
('DAB')
2. Long Term Incentive Plan
('LTIP'), conditional on
the approval of updated Plan
rules by shareholders at
the AGM.
--- ------------------------- -----------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
-------------- ---------- ----------
1. DAB GBP14.59 17,136
-------------- ---------- ----------
2. LTIP GBP14.59 51,406
-------------- ---------- ----------
--- ------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 68,542
- Price GBP14.59
--- ------------------------- -----------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -----------------------------------------
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 Banking Chief Financial 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 Ordinary Shares of 25p each
the financial
instrument, type
of instrument
GB0007668071
Identification
code
--- ------------------------- -------------------------------------
b) Nature of the 2017 Long Term Incentive
transaction Plan ('LTIP') share award,
conditional on the approval
of updated Plan rules by
shareholders at the AGM.
--- ------------------------- -------------------------------------
c) Price(s) and volume(s) Award(s) Price(s) Volume(s)
---------- ---------- ----------
LTIP GBP14.59 29,130
---------- ---------- ----------
--- ------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume
- Price
--- ------------------------- -------------------------------------
e) Date of the transaction 3 October 2017
--- ------------------------- -------------------------------------
f) Place of the transaction Off market
--- ------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFLLISLILID
(END) Dow Jones Newswires
October 10, 2017 07:17 ET (11:17 GMT)
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