Source - LSE Regulatory
RNS Number : 6524F
Virgin Money UK PLC
10 March 2020
 

 

 

VIRGIN MONEY UK PLC

(Company)

 

LEI: 213800ZK9VGCYYR6O495

 

10 March 2020

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBLITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

VESTINGS UNDER THE LONG-TERM INVESTMENT PLAN (LTIP)

 

The Company announces that on 9 March 2020 the following Directors and PDMRs received ordinary shares in the Company and sold a portion of the shares received to cover their respective tax liabilities and sale costs.  The sale of shares to cover tax liabilities is a standard procedure executed by the Company for all employees to cover the statutory tax and national insurance obligations that it is required to meet in respect of share awards.  The shares released are the first tranche of shares relating to the 2016 LTIP award granted in March 2017.

 

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

This announcement is made in accordance with the requirements of the FCA's DTR Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse Regulation.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

David Duffy

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

Executive Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

118,736

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

56,030

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Ian Smith

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

Executive Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

54,617

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

26,322

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Kate Guthrie

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

36,213

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

17,453

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Fraser Ingram

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

20,778

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

10,014

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Enda Johnson

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

32,058

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

15,450

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Fergus Murphy

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

41,556

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

20,027

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Gavin Opperman

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

45,119

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

21,292

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Helen Page

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

33,245

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

16,022

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

James Peirson

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

24,339

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

11,486

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

 

a)

 

Name

 

Mark Thundercliffe

 

 

 

2

 

Reason for the notification

 

 

a)

 

Position/status

 

PDMR

 

b)

 

Initial notification /Amendment

 

Initial Notification

 

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

a)

 

Name

 

Virgin Money UK PLC

 

b)

 

LEI

 

 

213800ZK9VGCYYR6O495

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

 

b)

 

Nature of the transaction

 

 

Vesting of the first tranche of the 2016 LTIP award

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil-Consideration

44,525

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

9 March 2020

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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

 

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.1242

21,011

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 9 March 2020

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

 

 

 


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END
 
 
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