David Duffy awarded CYBG shares worth £1m

Three Irish executives at CYBG awarded 600,000 shares worth a combined £1.9m

David Duffy, chief executive of CYBG: received almost 315,000 shares with a value of about £1 million. Photograph: Alan Betson

David Duffy, chief executive of CYBG: received almost 315,000 shares with a value of about £1 million. Photograph: Alan Betson

 

Three Irish executives at the UK-listed bank CYBG have been awarded just under 600,000 shares between them by the lender, with a combined value of about £1.9 million (€2.14 million).

CYBG chief executive David Duffy received almost 315,000 shares with a value of about £1 million. Theses were awarded under a long-term incentive plan (LTIP) and a deferred equity plan.

Fergus Murphy, the bank’s group customer value director, received 157,500 shares, which are currently valued at about £500,000.

And Enda Johnson, group corporate development director, received 124,360 shares worth more than £394,000. CYBG’s share price is currently trading at about £3.17.

The three bankers previously worked together at AIB before leaving at different times to take roles with CYBG, otherwise known as the Clydesdale and Yorkshire banks.

The share awards were announced by CYBG to the stock market on Monday. CYBG published its full-year results last week, showing a near 3 per cent rise in its total operating income to just more than £1 billion. It posted a statutory after-tax profit of £182 million compared with a loss of £164 million in 2016.