Source - LSE Regulatory
RNS Number : 1089I
Virgin Money UK PLC
09 December 2020
 

 

 

VIRGIN MONEY UK PLC

(Company)

 

LEI: 213800ZK9VGCYYR6O495

 

9 December 2020

 

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

 

2020 Long Term Incentive Plan Awards

 

The Company announces that on 9 December 2020 the following Directors and PDMRs were granted the awards noted below under the Company's Long Term Incentive Plan (LTIP).

 

The number of rights awarded was based on the middle market share price the day prior to grant being £1.354, discounted to reflect the absence of dividend equivalents during the deferral period.

 

The 2020 LTIP share awards in the form of rights to acquire Ordinary Shares of £0.10 each in the Company, subject to a three-year performance period with vesting between the third and seventh anniversary of the award, on a pro-rata basis.  

 

Summary of Awards

 

Executive Directors

Number of shares awarded under the 2020 LTIP

David Duffy

1,632,368

 

PDMRs

Number of shares awarded under the 2020 LTIP

Hugh Chater

721,518

Lucy Dimes

607,594

Kate Guthrie

504,249

Fraser Ingram

607,594

Enda Johnson

598,000

Fergus Murphy

531,645

Gavin Opperman

683,544

Helen Page

488,969

James Peirson

390,000

Mark Thundercliffe

569,620

Emma Tottenham

234,000

 

 

For and on behalf of the Board.

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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

1,632,368

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

Hugh Chater

 

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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

721,518

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

Lucy Dimes

 

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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

607,594

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

504,249

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

607,594

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

598,000

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2019 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

531,645

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2019 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

683,544

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2019 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

488,969

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2020 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

390,000

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

 

Grant in relation to the 2019 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

569,620

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 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

 

Emma Tottenham

 

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

 

 

Grant in relation to the 2019 LTIP

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.354

234,000

d)

Aggregated information

 

 

N/A

 

 

e)

 

Date of the transaction

 

9 December 2020

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

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