VIRGIN MONEY UK PLC
(Company)
LEI: 213800ZK9VGCYYR6O495
21 December 2021
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) AND THE DEFERRED EQUITY PLAN (DEP)
On 20 December 2021 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 deferred tranches of awards relating to the 2017 LTIP Award, granted in November 2017, 2018 LTIP Award, granted in December 2018, and the 2017 DEP Award, granted in November 2017. Half of the shares released under the 2018 LTIP Award are subject to a 12 month holding period in line with the requirements of the PRA Remuneration Code.
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
|
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| a)
| Name
| David Duffy
|
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| 2
| Reason for the notification
|
| |||||||||||||||
| a)
| Position/status
| Executive Director |
| ||||||||||||||
| b)
| Initial notification /Amendment
| Initial Notification |
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| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
| |||||||||||||||
| a)
| Name
| Virgin Money UK PLC |
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| 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
| 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP 3) Vesting of the 2017 DEP
|
| ||||||||||||||
| c)
| Price(s) and volume(s)
|
|
| ||||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price |
159,149
Nil-consideration
|
| ||||||||||||||
| e)
| Date of the transaction
| 20 December 2021 |
| ||||||||||||||
| 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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP 3) Vesting of the 2017 DEP
| |||||||||||||||
| c) | Price(s) and volume(s)
|
| |||||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
75,064
£1.6435 | |||||||||||||||
| e) | Date of the transaction
| All transactions took place on 20 December 2021 | |||||||||||||||
| 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
|
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| 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
| 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
|
| |||||||||||
| c)
| Price(s) and volume(s)
|
|
| |||||||||||
| d) | Aggregated information
- Aggregated volume
- Price |
23,853
Nil-consideration
|
| |||||||||||
| e)
| Date of the transaction
| 20 December 2021 |
| |||||||||||
| 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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
| ||||||||||||
| c) | Price(s) and volume(s)
|
| ||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
11,490
£1.6435 | ||||||||||||
| e) | Date of the transaction
| All transactions took place on 20 December 2021 | ||||||||||||
| 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
| 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP 3) Vesting of the 2017 DEP
|
| ||||||||||||||
| c)
| Price(s) and volume(s)
|
|
| ||||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price |
49,937
Nil-consideration
|
| ||||||||||||||
| e)
| Date of the transaction
| 20 December 2021 |
| ||||||||||||||
| 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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP 3) Vesting of the 2017 DEP
| |||||||||||||||
| c) | Price(s) and volume(s)
|
| |||||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
26,071
£1.6435 | |||||||||||||||
| e) | Date of the transaction
| All transactions took place on 20 December 2021 | |||||||||||||||
| 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
| 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
|
| |||||||||||
| c)
| Price(s) and volume(s)
|
|
| |||||||||||
| d) | Aggregated information
- Aggregated volume
- Price |
39,564
Nil-consideration
|
| |||||||||||
| e)
| Date of the transaction
| 20 December 2021 |
| |||||||||||
| 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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
| ||||||||||||
| c) | Price(s) and volume(s)
|
| ||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
19,058
£1.6435 | ||||||||||||
| e) | Date of the transaction
| All transactions took place on 20 December 2021 | ||||||||||||
| 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
| 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
|
| |||||||||||
| c)
| Price(s) and volume(s)
|
|
| |||||||||||
| d) | Aggregated information
- Aggregated volume
- Price |
48,703
Nil-consideration
|
| |||||||||||
| e)
| Date of the transaction
| 20 December 2021 |
| |||||||||||
| 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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
| ||||||||||||
| c) | Price(s) and volume(s)
|
| ||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
22,971
£1.6435 | ||||||||||||
| e) | Date of the transaction
| All transactions took place on 20 December 2021 | ||||||||||||
| 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
| 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP 3) Vesting of the 2017 DEP
|
| ||||||||||||||
| c)
| Price(s) and volume(s)
|
|
| ||||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price |
54,840
Nil-consideration
|
| ||||||||||||||
| e)
| Date of the transaction
| 20 December 2021 |
| ||||||||||||||
| 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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP 3) Vesting of the 2017 DEP
| |||||||||||||||
| c) | Price(s) and volume(s)
|
| |||||||||||||||
| d) | Aggregated information
- Aggregated volume
- Price
|
25,875
£1.6435 | |||||||||||||||
| e) | Date of the transaction
| All transactions took place on 20 December 2021 | |||||||||||||||
| f) | Place of the transaction
| London / London Stock Exchange (LON:LSE) | |||||||||||||||
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