Director/PDMR Shareholding

RNS Number : 3470F
Paragon Banking Group PLC
18 March 2022
 

18 March 2022

Paragon Banking Group PLC

Director Shareholding

 

On 18 March 2022, the Company's Executive Directors exercised awards granted under the Paragon Performance Share Plan 2013 ("PPSP") and the Paragon Deferred Share Bonus Plan 2013 ("PDSBP").  The awards exercised were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares") with the exception of the tax-qualifying CSOP of 4,186 Shares, with an exercise price of £4.7776 per Share, which was included as part of the 2017 PPSP award.

Sufficient Shares were sold on the London Stock Exchange, at a price of £4.957 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

01/12/2016

01/12/2019

44,493

20,954

23,539

N S Terrington

PDSBP

08/12/2017

03/12/2020

42,055

19,806

22,249

N S Terrington

PDSBP

14/12/2018

14/12/2021

52,349

24,654

27,695

N S Terrington

PPSP

01/12/2016

01/12/2019

142,090

66,917

75,173

N S Terrington

PPSP

08/12/2017

03/12/2020

151,853*

73,667

78,186

N S Terrington

PPSP

14/12/2018

14/12/2021

220,341

103,769

116,572

R J Woodman

PDSBP

01/12/2016

01/12/2019

26,742

12,595

14,147

R J Woodman

PDSBP

08/12/2017

03/12/2020

25,517

12,018

13,499

R J Woodman

PDSBP

14/12/2018

14/12/2021

31,800

14,977

16,823

R J Woodman

PPSP

01/12/2016

01/12/2019

157,546

74,196

83,350

R J Woodman

PPSP

08/12/2017

03/12/2020

97,137*

47,879

49,258

R J Woodman

PPSP

14/12/2018

14/12/2021

138,767

65,352

73,415

*the total shown includes the exercise of the linked CSOP award of 4,186 shares with an exercise price of £4.7776 per Share and the number of shares delivered under the linked PSP award was reduced at the point of exercise to achieve the same pre-tax value.  

 

For further information, please contact:

Carolyn Sharpe, Senior Assistant Company Secretary

Tel: 07984 810427

 

 



 

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

c)

Nature of the transaction

Exercise of 139,897 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")

d)

Price(s) and volume(s)

 

Price

Volume

£0.00

138,897

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

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

c)

Nature of the transaction

Exercise of 510,098 nil-cost options granted under the Paragon Performance Share Plan ("PPSP")

d)

Price(s) and volume(s)

 

Price

Volume

£0.00

510,098

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

Outside a trading venue


Transaction 3

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

c)

Nature of the transaction

Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with exercise price of 4.7776 per Share

d)

Price(s) and volume(s)

 

Price

Volume

£4.7776

4,186

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

Outside a trading venue


Transaction 4


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

c)

Nature of the transaction

Abatement of 92 shares under the 2017 PSP linked award to allow for the exercise of the 2017 CSOP

d)

Price(s) and volume(s)

 

Price

Volume

£4.957

147,667

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

London Stock Exchange - Main Market (XLON)


Transaction 5

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

c)

Nature of the transaction

Retention of 343,414 shares following the aforementioned exercise of options under the PDSP and PPSP

d)

Price(s) and volume(s)

 

Price

Volume

£4.957

343,414

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

Outside of a trading venue


Transaction 6


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

c)

Nature of the transaction

Sale of 309,767 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP and PPSP

d)

Price(s) and volume(s)

 

Price

Volume

£4.957

309,767

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

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

c)

Nature of the transaction

Exercise of 84,059 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")

d)

Price(s) and volume(s)

 

Price

Volume

£0.00

84,059

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

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

c)

Nature of the transaction

Exercise of 389,264 nil-cost options granted under the Paragon Performance Share Plan ("PPSP")

d)

Price(s) and volume(s)

 

Price

Volume

£0.00

389,264

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

Outside a trading venue


Transaction 3

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

c)

Nature of the transaction

Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with exercise price of 4.7776 per Share

d)

Price(s) and volume(s)

 

Price

Volume

£4.7776

4,186

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

Outside a trading venue


Transaction 4

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

c)

Nature of the transaction

Abatement of 77 shares under the 2017 PSP linked award to allow for the exercise of the 2017 CSOP

d)

Price(s) and volume(s)

 

Price

Volume

£4.957

92,951

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

London Stock Exchange - Main Market (XLON)


Transaction 5

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

c)

Nature of the transaction

Retention of 250,492 shares following the aforementioned exercise of options under the PDSP and PPSP

d)

Price(s) and volume(s)

 

Price

Volume

£4.957

250,492

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

Outside of a trading venue


Transaction 6


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

c)

Nature of the transaction

Sale of 227,017 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP and PPSP

d)

Price(s) and volume(s)

 

Price

Volume

£4.957

227,017

e)

Aggregated information
- Aggregated volume
- Price

N/A

f)

Date of the transaction

18 March 2022

 

g)

Place of the transaction

London Stock Exchange - Main Market (XLON)







 

 

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