Close Brothers Group PLC
9 March 2000
On 2nd March, 2000 the Close Brothers Group Employee Share Trust ('the
Trust'), a discretionary trust in which all employees of the group (including
executive directors) are potential beneficiaries, granted an interest in
12,684 shares in Close Brothers Group plc ('the company') to E.J.
Llewellyn-Lloyd, an executive director of the company.
The award entitles him to these shares at nil cost, as to 6,342 shares
respectively in September, 2002 and 6,342 shares respectively in September,
2003. These entitlements will lapse if the individual leaves employment in
certain circumstances prior to, respectively, 1st August, 2002 and 1st August,
2003. Provision of £107,500 has been made in the 1999 accounts for this
award.
The beneficial interests in the ordinary share capital of the company of the
director involved in the share dealing above is summarised as follows:
Shareholding Optionholding Deferred bonus
prior to prior to award prior to
share dealing share dealing share dealing
E.J. Llewellyn-Lloyd 5,459 (0.004%) 228,890 29,278
Shareholding Optionholding Deferred bonus
after after award after
share dealing share dealing share dealing
E.J. Llewellyn-Lloyd 5,459 (0.004%) 228,890 41,962
The Trust now holds 1,530,233 shares (1.14%) which includes 325,895 shares
under which it has granted deferred bonus awards to executives of the group of
39,824 shares in 1999 and 266,071 shares in previous years.
The company's mid-market share price on the date of the above share dealings
was £11.475.
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