9th Mar 2017 11:45
Shawbrook Group PLC
(the "Company")
Notifications of transactions of directors and persons discharging managerial responsibilities (PDMRs)
2017 Performance Share Plan awards (the "Plan")
In accordance with the Company's normal award cycle, on 8 March 2017 the following Executive Directors and PDMRs of the Company were each granted options over ordinary shares of £0.01 in the capital of the Company in accordance with the terms of the Plan.
The awards for the Executive Directors and PDMRs will vest on the third anniversary of the grant date, subject to the achievement of performance targets over the period 1 January 2017 to 31 December 2019, in accordance with the Plan rules.
Once the awards have vested the Executive Directors will also be required to hold the shares for a further two-year period (after any sales for tax arising on the vesting of the shares) in accordance with the terms of the Plan. In addition, awards may be subject to malus and clawback in exceptional circumstances in line with the Plan rules.
The awards were made for nil consideration.
The price used to calculate the number of awards was £3.167 being the average of the mid- market closing price of an ordinary share of the Company on the three consecutive business days immediately preceding 8 March 2017.
Executive Director | Total Number of Options granted which vest on 8 March 2020 |
Steve Pateman | 197,347 |
Dylan Minto | 105,778 |
Stephen Johnson | 82,096 |
PDMR | Total Number of Options granted which vest on 8 March 2020 |
Hugh Fitzpatrick | 78,939 |
Evelyn Hamilton | 72,623 |
Debbie Griffin | 67,887 |
Daniel Rushbrook | 63,151 |
Angela Wakelin | 78,939 |
Deferred Share Bonus Plan
In accordance with the Company's normal award cycle, on 8 March 2017 the following Executive Directors and PDMRs of the Company were each granted options over ordinary shares of £0.01 in the capital of the Company in accordance with the terms of the Shawbrook Group Deferred Share Bonus Plan ("the Deferred Share Plan ").
The awards for the Executive Directors and PDMRs will vest in equal tranches on the first, second and third anniversaries of the grant date in accordance with the rules of the Deferred Share Plan. The awards will not be subject to further performance conditions but may be subject to malus and clawback in exceptional circumstances in line with the Deferred Share Plan rules.
Executive Director | Total Number of Options granted |
Steve Pateman | 114,116 |
Dylan Minto | 44,205 |
Stephen Johnson | 46,240 |
PDMR | Total Number of Options granted |
Hugh Fitzpatrick | 26,523 |
Evelyn Hamilton | 26,523 |
Debbie Griffin | 22,734 |
Philip George | 21,274 |
This notification is made in accordance with the Market Abuse Regulation, Article 19(3).
For further information please contact:
Daniel Rushbrook
Company Secretary
01277 358 184
2017 Performance Share Plan awards - Executive Directors
The below is detail in accordance with the EU Market Abuse Regulation:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Stephen Pateman | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
197,347 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Dylan Minto | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
105,778 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Stephen Johnson | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Director
| ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
82,096 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
2017 Performance Share Plan awards - PDMRs
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Hugh Fitzpatrick | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
78,939 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Evelyn Hamilton | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
72,623 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Debbie Griffin | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
67,887 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Daniel Rushbrook | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
63,151 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Angela Wakelin | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2017 Performance Share Plan awards
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
78,939 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
Deferred Bonus Award - Executive Directors
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Steve Pateman | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
114,116 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Dylan Minto | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
44,205 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Stephen Johnson | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Director
| ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
46,240 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
2016 Deferred Bonus Award - PDMRs
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Hugh Fitzpatrick | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
26,523 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Evelyn Hamilton | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
26,523 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Debbie Griffin | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
22,734 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Philip George | ||||||
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
| Shawbrook Group plc | ||||||
b)
| LEI
| 21380071539WSMTM4410 | ||||||
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 in Shawbrook Group plc of 1p each
GB00BWDPMF43
| ||||||
b)
| Nature of the transaction
| 2016 Deferred Bonus Award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
21,274 Ordinary shares of 1p
0p per share | ||||||
e)
| Date of the transaction
| 8 March 2017 | ||||||
f)
| Place of the transaction
| N/A | ||||||
Related Shares:
SHAW.L