TBC Bank Group PLC

Remuneration Information • Oct 31, 2017

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RNS Number : 0260V

Curtis Banks Group PLC

31 October 2017

Curtis Banks Group plc

(the "Company")

Director/PDMR Option Grant

The Company announces that it has awarded share options to certain PDMRs under its Long Term Incentive Plan.  In total options over 393,944 ordinary shares of 0.5 pence each have been issued to directors and employees of the Company. 

PDMR transaction disclosures required under the Market Abuse Regulation are summarised below:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rupert Curtis

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment  

Initial notification

3

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

a)

Name

Curtis Banks Group plc

b)

LEI

213800LYP7YTVDXRMP40

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

100,174 Options over ordinary shares with a nominal value of 0.5 pence each at an exercise price of nil per share.

The options will vest 36 months from the grant date. Vesting is conditional on the achievement of certain performance conditions determined by the percentage growth of the adjusted EPS of the Company over the vesting period. No options will vest if the average annual growth is below RPI+2% and all the options will vest if  average annual  growth of RPI+8% is achieved.

Identification code

GB00BW0D4R71

b)

Nature of the transaction

Rupert Curtis has been awarded share options over 100,174 ordinary shares under the Company Long Term Incentive Plan.

c)

Price(s) and volume(s)

Exercise Price

Volume

Nil

100,174

d)

Aggregated information

- Aggregated volume

	Exercise Price	Volume
	Nil	100,174

- Price

e)

Date of the transaction

26 October 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated 

a)

Name

Paul Tarran

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name  

Curtis Banks Group plc

b)

LEI

213800LYP7YTVDXRMP40

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

73,043 Options over ordinary shares with a nominal value of 0.5 pence each at an exercise price of nil per share.

The options will vest 36 months from the grant date. Vesting is conditional on the achievement of certain performance conditions determined by the percentage growth of the adjusted EPS of the Company over the vesting period. No options will vest if the average annual growth is below RPI+2% and all the options will vest if average annual  growth of RPI+8% is achieved.

Identification code

GB00BW0D4R71

b)

Nature of the transaction

Paul Tarran has been awarded share options over 73,043 ordinary shares under the Company Long Term Incentive Plan.

c)

Price(s) and volume(s)

Exercise Price

Volume

nil

73,043

d)

Aggregated information

- Aggregated volume

	Exercise Price	Volume
	nil	73,043

- Price

e)

Date of the transaction

26 October 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Arthur Self

2

Reason for the notification

a)

Position/status

Deputy Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name  

Curtis Banks Group plc

b)

LEI 

213800LYP7YTVDXRMP40

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

73,043 Options over ordinary shares with a nominal value of 0.5 pence each at an exercise price of nil per share.

The options will vest 36 months from the grant date. Vesting is conditional on the achievement of certain performance conditions determined by the percentage growth of the adjusted EPS of the Company over the vesting period. No options will vest if the average annual growth is below RPI+2% and all the options will vest if average annual growth of RPI+8% is achieved.

Identification code

GB00BW0D4R71

b)

Nature of the transaction

Will Self has been awarded share options over 73,043 ordinary shares under the Company Long Term Incentive Plan.

c)

Price(s) and volume(s)

Exercise Price

Volume

nil

73,043

d)

Aggregated information

- Aggregated volume

	Exercise Price	Volume
	nil	73,043

- Price

e)

Date of the transaction

26 October 2017

f)

Place of the transaction

London Stock Exchange

Curtis Banks Group plc	www.curtisbanks.co.uk
Rupert Curtis - Chief Executive Officer	+44 (0) 117 9107910
Paul Tarran - Chief Financial Officer
Peel Hunt LLP (Nominated Adviser & Broker)	+44 (0) 20 7418 8900
Guy Wiehahn Rishi Shah
Camarco	+44 (0) 20 3757 4984
Ed Gascoigne-Pees / Hazel Stevenson

Notes to Editors:

Curtis Bank administers over 75,000 Self-Invested Pension schemes, principally SIPPs and SSASs. The Group commenced trading in 2009 and has successfully developed, through a combination of organic growth and acquisitions, into one of the largest UK providers of these products. The Group employs approximately 570 staff in its head office in Bristol and regional offices in Ipswich, Dundee and Market Harborough.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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