Close Brothers Group PLC has disclosed a transaction involving the sale and repurchase of shares by Susan Morgan, a person closely associated with the Group Finance Director, Mike Morgan. The transaction, known as a "Bed and ISA" transaction, involved the sale and repurchase of 5,150 shares, with no change in beneficial ownership as a result. The notification and public disclosure of the transaction are in accordance with Article 19(3) of the Market Abuse Regulation.
The details of the transaction include the sale of shares by Susan Morgan and the purchase of shares into ISAs by both Mike Morgan and Susan Morgan. The sale of shares by Susan Morgan amounted to 5,150 shares at a price of £7.86, while the purchase of shares into ISAs included 2,575 shares each for Mike Morgan and Susan Morgan, also at a price of £7.86. The transaction took place on 9 January 2024.
This notification provides transparency regarding the transactions by persons discharging managerial responsibilities and persons closely associated with them, aligning with regulatory requirements. The disclosure offers insight into the specific details of the share transactions, ensuring compliance with the Market Abuse Regulation.