Shawbrook Group PLC Director/PDMR Shareholding (6533S)

TIDMSHAW

RNS Number : 6533S

Shawbrook Group PLC

22 December 2016

Shawbrook Group PLC

(the "Company")

Notifications of transactions of directors and persons discharging managerial responsibilities (PDMRs)

Award to new joiner

On 22 December 2016 Angela Wakelin, a PDMR of the Company was, under the terms of her appointment with the Company, granted the following options over ordinary shares of GBP0.01 of the Company in accordance with the terms of the Shawbrook Performance Share Plan (the Plan) in order to compensate her for forfeited awards from previous employment.

The first award relates to the loss of deferred bonus awards and the second to the loss of long term equity awards from previous employment. The vesting dates for these awards replicate those of the forfeited awards. No consideration was paid for the grant of these awards.

The awards (which are over 63,109 shares in total) will vest, subject to the rules of the Plan, which include malus and clawback provisions, and subject to Ms Wakelin's on-going employment with the Company, in the following tranches on the dates set out below.

The shares will not be subject to further performance conditions.

 
Award 1 
---------------------------------------------------------------------------------------------------------------------- 
Performance Share Plan   Total number  Unvested         Unvested (vesting on 28         Unvested (vesting on 28 
                          of options    (vesting        February 2018)                  February 2019) 
                          granted       on 28 February 
                                        2017) 
-----------------------  ------------  ---------------  ------------------------------  ------------------------------ 
                         21,707        8,683            8,249                           4,775 
-----------------------  ------------  ---------------  ------------------------------  ------------------------------ 
 
 
Award 2 
------------------------------------------------------------------------------------------------------- 
Performance Share Plan   Total number  Unvested         Unvested         Unvested 
                          of options    (vesting         (vesting         (vesting on 28 February 2019) 
                          granted       on 28 February   on 28 February 
                                        2017)            2018) 
-----------------------  ------------  ---------------  ---------------  ------------------------------ 
                         41,402        7,866            7,866            25,670 
-----------------------  ------------  ---------------  ---------------  ------------------------------ 
 

This notification is made in accordance with the Market Abuse Regulation, Article 19(3).

For further information please contact:

Daniel Rushbrook

Company Secretary

01277 358 184

The below is detail in accordance with the EU Market Abuse Regulation:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                                    Angela Wakelin 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                       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                       Shawbrook Group plc 
---  -------------------------  ----------------------------------- 
 b)   LEI                        21380071539WSMTM4410 
---  -------------------------  ----------------------------------- 
 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 in Shawbrook 
       the financial              Group plc of 1p each 
       instrument, type 
       of instrument 
                                  GB00BWDPMF43 
       Identification 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Award of options under Shawbrook 
       transaction                Performance Share Plan 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                   ---  ---------  ---------- 
                                    1.   nil        63,109 
                                   ---  ---------  ---------- 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         63,109 Ordinary shares of 
                                   1p 
       - Price 
                                   GBPnil 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    n/a 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   n/a 
---  -------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 22, 2016 10:56 ET (15:56 GMT)