CYBG PLC Director/PDMR Shareholding (3240N)

TIDMCYBG TIDM11IO

RNS Number : 3240N

CYBG PLC

23 September 2019

CYBG PLC

(Company)

23 September 2019

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on 20 September 2019 the following PDMR received ordinary shares in CYBG PLC and sold a portion of the shares received to cover his tax liability and sale costs. The sale of shares to cover tax liabilities is a standard procedure executed by the Company for all employees to cover the statutory tax and national insurance obligations that it is required to meet in respect of share awards. The shares released relate to the final tranche of his Commencement award which was granted on 9 March 2017 under the CYBG Deferred Equity Plan (Plan).

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                        Mark Thundercliffe 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             PDMR 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
 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          Ordinary shares of GBP0.10 each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BD6GN030 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   (1) Release of Commencement award under 
                                   the CYBG Deferred Equity Plan (including 
                                   dividend equivalents) 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)            Volume(s) 
                                     (1)   Nil-consideration   4,405 
                                          ------------------  ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information      N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     All transactions took place on 20 September 
                                   2019 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    London / London Stock Exchange (LON:LSE) 
     --------------------------  -------------------------------------------- 
 5    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          Ordinary shares of GBP0.10 each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BD6GN030 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   (2) Shares sold to cover tax liabilities 
                                   and sale costs 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                     (2)   GBP1.2495   2,087 
                                          ----------  ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information      N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     All transactions took place on 20 September 
                                   2019 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    London / London Stock Exchange (LON:LSE) 
     --------------------------  -------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 23, 2019 08:40 ET (12:40 GMT)