Completion of Share Sale Facility

RNS Number : 1112T

CYBG PLC

23 March 2016

 

CYBG PLC

(CYBG)

23 March 2016

Completion of Share Sale Facility

As part of the recent demerger from National Australia Bank Limited (NAB) and IPO of CYBG, a Share Sale Facility (Facility) was offered to small shareholders of NAB to elect to sell their CYBG securities.  This included certain CYBG Directors and Persons Discharging Managerial Responsibility (PDMR). The Facility also encompassed CYBG securities that would otherwise have gone to ineligible shareholders, fractional entitlements, and to pay withholding tax in respect of CYBG securities received by participants in NAB employee equity plans. The Facility has now completed.

The Facility was administered by Macquarie and securities were sold at an average price of £1.9421 per share.  The table below sets out details of securities sold by Directors and PDMRs:

Executive Directors

Name	No. of Securities Sold
David Duffy	3,759
Debbie Crosbie	66
Ian S Smith	4,147

Other PDMRs

Name	No. of Securities Sold
Lynn McManus	16
Helen Page	7
James Peirson	16
Derek Treanor	16

Payments to participating shareholders are expected to be despatched on or around 4 April 2016.

Enquiries:

Investors and Analysts

John Crosse                                                                                                               07917 172535

Head of Investor Relations                                                                          [e-mail]

Company Secretary

Lorna McMillan                                                                                                            07834 585436

Company Secretary                                                                                [e-mail]

Media

Barry Gardner                                                                                                           0800 066 5998

Media Relations Director                                                                        [e-mail]

 

END

 

 

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