22nd Dec 2016 15:56
Shawbrook Group PLC
(the "Company")
Notifications of transactions of directors and persons discharging managerial responsibilities (PDMRs)
Award to new joiner
On 22 December 2016 Angela Wakelin, a PDMR of the Company was, under the terms of her appointment with the Company, granted the following options over ordinary shares of £0.01 of the Company in accordance with the terms of the Shawbrook Performance Share Plan (the Plan) in order to compensate her for forfeited awards from previous employment.
The first award relates to the loss of deferred bonus awards and the second to the loss of long term equity awards from previous employment. The vesting dates for these awards replicate those of the forfeited awards. No consideration was paid for the grant of these awards.
The awards (which are over 63,109 shares in total) will vest, subject to the rules of the Plan, which include malus and clawback provisions, and subject to Ms Wakelin's on-going employment with the Company, in the following tranches on the dates set out below.
The shares will not be subject to further performance conditions.
Award 1 | ||||
Performance Share Plan | Total number of options granted | Unvested (vesting on 28 February 2017) | Unvested (vesting on 28 February 2018) | Unvested (vesting on 28 February 2019) |
21,707 | 8,683 | 8,249 | 4,775 | |
Award 2 | ||||
Performance Share Plan | Total number of options granted | Unvested (vesting on 28 February 2017) | Unvested (vesting on 28 February 2018) | Unvested (vesting on 28 February 2019) |
41,402 | 7,866 | 7,866 | 25,670 | |
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
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
| Angela Wakelin
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| 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
| 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
| Award of options under Shawbrook Performance Share Plan | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume
- Price
|
63,109 Ordinary shares of 1p
£nil | ||||||
e)
| Date of the transaction
| n/a | ||||||
f)
| Place of the transaction
| n/a | ||||||
Related Shares:
SHAW.L