Close Brothers Group PLC

Director's Dealing • Oct 7, 2021

National Storage Mechanism | Additional information

RNS Number : 4199O

Close Brothers Group PLC

07 October 2021

Close Brothers Group plc

Notification of transactions by

persons discharging managerial responsibilities

in Ordinary shares of the Company of 25p each (Shares)

Close Brothers Group plc (the "Company") notifies that on 5 October 2021, share awards under the Company's Omnibus Share Incentive Plan (the "Plan") were granted to the executive directors and other persons discharging managerial responsibilities ("PDMRs") noted below under the deferred annual bonus plan ("DAB") and long term incentive plan ("LTIP"). A share price of £15.458 per share has been applied to determine the number of shares awarded under each of the plans.

Deferred Annual Bonus Plan Share Awards

These awards entitle participants to call for specified amounts of their award shares at their option and at nil cost at any time during defined one year periods between 5 October 2022 and 5 October 2024.

These entitlements will lapse if the participant leaves employment in certain circumstances and are subject to forfeiture or reduction in particular adverse circumstances.

Long Term Incentive Plan Awards

These awards entitle participants to call at any time between 5 October 2026 and 4 October 2027 at their option, at nil cost, for their award shares subject to achievement of certain performance conditions.

The number of shares shown in the individual notifications below is the maximum available to each director or other PDMR on satisfaction, in full, of the performance targets for the LTIP. 35% of the LTIP award will be subject to a target based on the Company's average return on equity over the performance period being at least 10% per annum, with maximum vesting at 18% per annum. A further 35% of each award will be subject to a requirement that the growth in the Company's adjusted earnings per share over the performance period must exceed 10% over that period with maximum vesting at 30% over that period. The relevant part of a participant's award will lapse if the return on equity and/or adjusted earnings per share performance is below the lower level; 25% will vest at the lower level and 100% at the top level. For performance between the two levels, the award will vest on a sliding scale. The remaining 30% of the LTIP award will be subject to a measure which is based on risk management objectives which focus on capital, balance sheet management, funding, liquidity, and risk, compliance and controls. 25% of this part of the award will vest at threshold performance, with 100% vesting at exceptional performance and no vesting at below threshold performance.

These entitlements will lapse if the participant leaves employment in certain circumstances and are subject to forfeiture or reduction in particular adverse circumstances.

The following notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details.   

Name of authorised official of issuer responsible for making notification

Helen Thorpe

Head of Secretariat

Close Brothers Group plc                  

7 October 2021

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Adrian Sainsbury

2

Reason for the notification

a)

Position/status

Group Chief Executive

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Deferred Annual Bonus ('DAB')

2.   Long Term Incentive Plan ('LTIP').

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   DAB	Nil	34,076
2.   LTIP	Nil	75,204

d)

Aggregated information

- Aggregated volume

- Price

109,280

Nil

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Morgan

2

Reason for the notification

a)

Position/status

Group Finance Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Deferred Annual Bonus ('DAB')

2.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   DAB	Nil	21,384
2.   LTIP	Nil	45,284

d)

Aggregated information

- Aggregated volume

- Price

66,668

Nil

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martyn Atkinson

2

Reason for the notification

a)

Position/status

Group Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   LTIP	Nil	17,467

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Davies

2

Reason for the notification

a)

Position/status

Chief Executive Officer Commercial

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Deferred Annual Bonus ('DAB')

2.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   DAB	Nil	3,235
2.   LTIP	Nil	11,321

d)

Aggregated information

- Aggregated volume

- Price

14,556

Nil

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rebekah Etherington

2

Reason for the notification

a)

Position/status

Group Head of Human Resources

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Deferred Annual Bonus ('DAB')

2.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   DAB	Nil	647
2.   LTIP	Nil	19,408

d)

Aggregated information

- Aggregated volume

- Price

20,055

Nil

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rebecca McNeil

2

Reason for the notification

a)

Position/status

Chief Executive Officer Retail

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Deferred Annual Bonus ('DAB')

2.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)

Price(s)

Volume(s)

1.   DAB

Nil

1,941

2.   LTIP

Nil

14,556

d)

Aggregated information

- Aggregated volume

- Price

16,497

Nil

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Frank Pennal

2

Reason for the notification

a)

Position/status

Chief Executive Officer Property

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Deferred Annual Bonus ('DAB')

2.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   DAB	Nil	22,642
2.   LTIP	Nil	16,173

d)

Aggregated information

- Aggregated volume

- Price

38,815

Nil

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robert Sack

2

Reason for the notification

a)

Position/status

Group Chief Risk Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   LTIP	Nil	19,408

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Yarrow

2

Reason for the notification

a)

Position/status

Winterflood Chief Executive

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Long Term Incentive Plan ('LTIP')

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   LTIP	Nil	22,642

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Angela Yotov

2

Reason for the notification

a)

Position/status

Group General Counsel

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Close Brothers Group plc

b)

LEI

213800W73SYHR14I3X91

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 25p each

GB0007668071

b)

Nature of the transaction

2021 share awards under the Company's Omnibus Share Incentive Plan:

1.   Long Term Incentive Plan ('LTIP').

c)

Price(s) and volume(s)

Award(s)	Price(s)	Volume(s)
1.   LTIP	Nil	11,645

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

5 October 2021

f)

Place of the transaction

Off market

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