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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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)
|
| ||||
| e) | Aggregated information | 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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