TIDMCYBG

RNS Number : 9569O

CYBG PLC

12 February 2016

CYBG PLC

(the Company)

12 February 2016

GRANT OF AWARDS TO DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

In accordance with the DTR3.1.4 of the FCA's Disclosure and Transparency Rules, the Company announces that on 11 February 2016 the Board Remuneration Committee granted the awards noted below under the Deferred Equity Plan to the following Executive Directors and Persons Discharging Managerial Responsibility ("PDMRs") in the Company,

-- 2015 demerger awards in the form of conditional awards ("Rights") to acquire CYBG PLC Ordinary Shares of GBP0.10 each ("Shares") which will vest on the third anniversary of grant subject to performance conditions;

-- 2015 deferred bonus awards in the form of Rights to acquire Shares which vest over three years in line with the requirements of the PRA Remuneration Code; and

-- 2015 upfront share bonus awards in the form of Rights to acquire Shares 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.

The number of rights awarded was based on the average middle market share price over the three days before grant, being GBP1.9517.

Executive Directors

 
 Name              Number of Shares     Number of       Number of 
                    under demerger     Shares under    Shares under 
                       LTI award         deferred      upfront share 
                                       bonus award      bonus award 
----------------  -----------------  --------------  --------------- 
 David Duffy           768,560              -            115,284 
----------------  -----------------  --------------  --------------- 
 Debbie Crosbie        230,568           46,113           92,227 
----------------  -----------------  --------------  --------------- 
 Ian S Smith           230,568           34,408           88,325 
----------------  -----------------  --------------  ---------------

Other PDMRs

 
 Name                Number of       Number of       Number of 
                    Shares under    Shares under    Shares under 
                    demerger LTI      deferred      upfront share 
                       award        bonus award      bonus award 
----------------  --------------  --------------  --------------- 
 Kate Guthrie         39,068             -               - 
----------------  --------------  --------------  --------------- 
 Lynn McManus         117,845            -             45,076 
----------------  --------------  --------------  --------------- 
 Fergus Murphy        44,832             -               - 
----------------  --------------  --------------  --------------- 
 Gavin Opperman       44,832             -               - 
----------------  --------------  --------------  --------------- 
 Helen Page           122,969            -             47,035 
----------------  --------------  --------------  --------------- 
 James Peirson        102,474            -             39,196 
----------------  --------------  --------------  --------------- 
 Derek Treanor        39,068             -             13,713 
----------------  --------------  --------------  ---------------

Enquiries

Investors and Analysts

John Crosse 07917 172535

Head of Investor Relations john.crosse@cybg.com

Company Secretary

Lorna McMillan 07834 585436

Company Secretary lorna.mcmillan@cybg.com

Media

Barry Gardner 0800 066 5998

Media Relations Director barry.gardner@cybg.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 12, 2016 08:01 ET (13:01 GMT)

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