Source - LSE Regulatory
RNS Number : 5891B
Paragon Banking Group PLC
31 January 2024
 

31 January 2024

Paragon Banking Group PLC

Director Shareholding

 

On 31 January 2024, the Company's Executive Directors exercised and sold awards granted under 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") and were sold, via the London Stock Exchange, at a price of £7.056294 per share

Director

Date of PDSBP award

Date of vesting

Number of Shares awarded

Dividend equivalent Shares*

Number of Shares sold

N S Terrington

18/12/2014

18/12/2017

52,888

n/a

52,888

N S Terrington

22/12/2015

22/12/2018

60,042

n/a

60,042

N S Terrington

11/11/2020

11/11/2023

130,361

14,645

145,006

R J Woodman

11/11/2020

11/11/2020

82,099

9,223

91,322

* The PDSBP awards granted in December 2020 carried the right to receive dividend equivalents, in the form of Shares, at the point of exercise.  

 

In addition, the Company's Executive Directors sold the following Shares acquired pursuant to the Company's discretionary annual bonus arrangements, via the London Stock Exchange, at a price of £7.056294 per share. 

Director

Number of Shares acquired 6/12/2022

Date shares available to sell

Number of Shares sold

N S Terrington

44,084

06/12/2023

44,084

R J Woodman

27,764

06/12/2023

27,764

 

For further information, please contact:

Carolyn Sharpe, Deputy 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

b)

Nature of the transaction

Exercise of 243,291 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")

c)

Price(s) and volume(s)

 

Price

Volume

£0.00

243,291

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

31 January 2024

 

f)

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

b)

Nature of the transaction

Sale of 257,936 shares acquired following the aforementioned exercise of options under the PDSP (including the sale of 14,645 dividend equivalent shares arising from exercise of award)

c)

Price(s) and volume(s)

 

Price

Volume

£7.056294

257,936

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

31 January 2024

 

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)


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

b)

Nature of the transaction

Sale of 44,084 shares  acquired pursuant to the Company's discretionary annual bonus arrangements

Following transactions 1-3, Nigel Terrington retains a beneficial interest in 1,313,833 Ordinary Shares of £1.00 each in Paragon Banking Group PLC

c)

Price(s) and volume(s)

 

Price

Volume

£7. 056294

44,084

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

31 January 2024

 

f)

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

b)

Nature of the transaction

Exercise of 82,088 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")

c)

Price(s) and volume(s)

 

Price

Volume

£0.00

82,099

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

31 January 2024

 

f)

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

b)

Nature of the transaction

Sale of 91,322 shares acquired following the aforementioned exercise of options under the PDSP (including the sale of 9,223 dividend equivalent shares arising from exercise of award)

c)

Price(s) and volume(s)

 

Price

Volume

£7. 056294

91,322

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

31 January 2024

 

f)

Place of the transaction

London Stock Exchange- Main Market (XLON)


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

b)

Nature of the transaction

Sale of 27,764 shares acquired pursuant to the Company's discretionary annual bonus arrangements

Following transactions 1-3, Richard Woodman retains a beneficial interest in 584,605 Ordinary Shares of £1.00 each in Paragon Banking Group PLC

c)

Price(s) and volume(s)

 

Price

Volume

£7. 056294

27,764

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

31 January 2024

 

f)

Place of the transaction

London Stock Exchange - Main Market (XLON)

 

 

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