Vesting of 2009 LTIP Share Awards

RNS Number : 3743R

Close Brothers Group PLC

19 November 2012

 



Close Brothers Group plc

Notification of vesting of share awards to directors and

persons discharging managerial responsibilities

VESTING OF CONDITIONAL SHARE AWARDS

Pursuant to its obligations under Disclosure and Transparency Rule 3.1.4R (1)(a), Close Brothers Group plc (the 'Company') notifies that the three year conditional share awards granted on 18 November 2009 under the Company's Long Term Incentive Plan ('LTIP') vested on 18 November 2012, in accordance with the LTIP rules of the Omnibus Share Incentive Plan 2009 (the 'Rules'). 

This vesting, following the application of performance testing, included the following 2009 LTIP awards of ordinary shares of 25p each of the Company ('Shares') to the executive directors and persons discharging managerial responsibilities ('PDMRs'):

	Number of LTIP 2009 Shares vested
Executive directors
Preben Prebensen	34,445
Stephen Hodges	26,686
Jonathan Howell	26,106
Elizabeth Lee	11,331
PDMRs
Martin Andrew	16,815
Tazim Essani	9,065
Rebekah Etherington	7,932
Julian Palfreyman	11,694

These awards will be satisfied by the Company in accordance with the Rules.  A further announcement will be made once the satisfaction of these awards and any sale of shares to meet tax liabilities have been completed.

Name of authorised official of issuer responsible for making notification:

John Hudspith

Assistant Company Secretary

Close Brothers Group plc                              

Date of notification:

19 November 2012

 

END

 

 

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