Award of rights under the DEP and LTIP Plans

RNS Number : 1446Z
CYBG PLC
10 March 2017
 

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

 

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

           50,013

2

£2.6603

           35,296

3

£2.6603

         169,153

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

         111,209

2

£2.6603

           78,299

3

£2.6603

         375,897

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

51,122

2

£2.6603

36,086

3

£2.6603

172,912

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

28,380

2

£2.6603

114,648

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

35,898

2

£2.6603

101,492

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

27,816

2

£2.6603

131,564

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

48,678

2

£2.6603

142,841

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

29,507

2

£2.6603

105,251

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

26,312

2

£2.6603

77,058

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)

 

 

 


Price(s)

 

Volume(s)

1

 

£2.6603

140,961

2

£2.6603

24,884

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
The company news service from the London Stock Exchange
 
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