Director/PDMR Shareholding

Virgin Money UK PLC

21 June 2024

 

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

21 June 2024

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

VESTINGS UNDER THE LONG-TERM INCENTIVE PLAN (LTIP)

The Company announces that on 20 June 2024 David Duffy, a Director and PDMR of the Company received ordinary shares in the Company and in line with Company policy, a portion of the shares received was automatically sold to cover 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 release of shares relates to a tranche of the 2017 LTIP award that was made in November 2017 and which was subject to a six year deferral period and further six month regulatory hold period.

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 6 year deferral tranche of the 2017 LTIP award that is subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 14,168
d)	Aggregated information		N/A
e)	Date of the transaction		20 June 2024
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 of the 6 year deferral of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £2.146 6,683
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 20 June 2024
f)		Place of the transaction		London / London Stock Exchange (LON:LSE)

 

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