Director/PDMR Shareholding

RNS Number : 6742M

Paragon Banking Group PLC

13 January 2023

 

13 January 2023

Paragon Banking Group PLC

Director Shareholding

On 12 January 2023, the Company's Executive Directors exercised awards granted under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP") which were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares").

Sufficient Shares were sold on the London Stock Exchange, at a price of £5.835116 per Share, to cover tax withholding obligations and the balance of Shares was retained by each director.

Director	Award type	Date of grant	Date of vesting	Number of Shares Exercised	Number of Shares sold	Number of Shares retained
N S Terrington	PDSBP	14/12/2019	14/12/2022	42,368	20,485	21,883
R J Woodman	PDSBP	14/12/2019	14/12/2022	25,759	12,455	13,304

For further information, please contact:

Carolyn Sharpe, Senior Assistant Company Secretary

Tel: [phone]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nigel Stewart Terrington
2	Reason for the notification
a)	Position/status	Chief Executive Officer (PDMR)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer
a)	Name	Paragon Banking Group PLC
b)	LEI code	213800S1TDKIB1IUTS72
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code Identification code	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
b)	Nature of the transaction	Exercise of 42,368 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
c)	Price(s) and volume(s)	Price Volume £0.00 42,368
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 January 2023
f)	Place of the transaction	Outside a trading venue
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code Identification code	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
b)	Nature of the transaction	Sale of 20,485 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP.
c)	Price(s) and volume(s)	Price Volume £5.835116 20,485
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 January 2023
f)	Place of the transaction	London Stock Exchange - Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard James Woodman
2	Reason for the notification
a)	Position/status	Chief Financial Officer (PDMR)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer
a)	Name	Paragon Banking Group PLC
b)	LEI code	213800S1TDKIB1IUTS72
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code Identification code	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
b)	Nature of the transaction	Exercise of 25,759 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
c)	Price(s) and volume(s)	Price Volume £0.00 25,759
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 January 2023
f)	Place of the transaction	Outside a trading venue
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code Identification code	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
b)	Nature of the transaction	Sale of 12,455 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP.
c)	Price(s) and volume(s)	Price Volume £5.835116 12,455
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 January 2023
f)	Place of the transaction	London Stock Exchange - Main Market (XLON)

 

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