Director/PDMR Shareholding

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	[phone]
Paul Tarran - Chief Financial Officer
Peel Hunt LLP (Nominated Adviser & Broker)	[phone]
Guy Wiehahn Rishi Shah
Camarco	[phone]
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.

 

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