TIDMCYBG TIDM11IO
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
GBP2.6603.
DEP 2016 Defferred Bonus Awards
-- 2016 deferred bonus awards in the form of rights to acquire
CYBG PLC Ordinary Shares of GBP0.10 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 GBP0.10 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 Number of shares
awarded under awarded under
the DEP the LTIP
--------------------- ----------------- -----------------
Debbie Crosbie 85,309 169,153
--------------------- ----------------- -----------------
David Duffy 189,508 375,897
--------------------- ----------------- -----------------
Ian Smith 87,208 172,912
--------------------- ----------------- -----------------
PDMRs Number of shares Number of Number of
awarded under shares awarded shares awarded
the DEP under the under the
LTIP 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 50,013
---------- ----------
2 GBP2.6603 35,296
---------- ----------
3 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 111,209
---------- ----------
2 GBP2.6603 78,299
---------- ----------
3 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 51,122
---------- ----------
2 GBP2.6603 36,086
---------- ----------
3 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 28,380
---------- ----------
2 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 35,898
---------- ----------
2 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 27,816
---------- ----------
2 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 48,678
---------- ----------
2 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- ---------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 29,507
---------- ----------
2 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- --------------------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- --------------------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 26,312
---------- ----------
2 GBP2.6603 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 Initial Notification
/Amendment
--- ------------------------- --------------------------------------------
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 Ordinary shares of GBP0.10
the financial each
instrument, type
of instrument
Identification GB00BD6GN030
code
--- ------------------------- --------------------------------------------
b) Nature of the 1) Grant in relation to the
transaction 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 GBP2.6603 140,961
---------- ----------
2 GBP2.6603 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
END
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March 10, 2017 05:23 ET (10:23 GMT)
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