Director/PDMR Shareholding

RNS Number : 6099I

Paragon Banking Group PLC

14 December 2020

 

14 December 2020

Paragon Banking Group PLC

Director Shareholding

On 11 December 2020, Paragon Banking Group PLC (the "Company") granted awards over the Company's Ordinary Shares of £1.00 each to the following directors under the Paragon Performance Share Plan 2013 (" PPSP ") and under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP") in respect of bonuses for the year ended 30 September 2020.

Director	Role	Number of shares awarded under PPSP	Number of shares awarded under the PDSBP
N S Terrington	Chief Executive Officer	236,661	130,361
R J Woodman	Chief Financial Officer	149,046	82,099

No consideration was paid for the grant of the awards, which have been structured as nil-cost options. 

The PPSP awards will vest subject to the satisfaction of performance conditions, which will be measured over the period of three financial years ending on 30 September 2023. The awards, to the extent they vest, will ordinarily become exercisable following the end of a further holding period when the Company announces its results for the financial year ending 30 September 2025.

The PDSBP awards will normally vest on the third anniversary of grant.

Both the PPSP and PDSBP awards will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.

The number of shares subject to each award has been determined by reference to a share price of £4.554, being the average share price over the five dealing days immediately following the announcement by the Company of its results for the financial year ended 30 September 2020.

Enquiries:

Carolyn Sharpe

Senior Assistant Company Secretary

Tel:  [phone]

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
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	Grant of awards, in the form of nil-cost options, under the Paragon Performance Share Plan ("PPSP").
d)	Price(s) and volume(s)	Price Volume £0.00 236,661
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	11 December 2020
g)	Place of the transaction	Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated
Name	Nigel Stewart Terrington
Reason for the notification
Position/status	Chief Executive Officer (PDMR)
Initial notification/ Amendment	Initial notification
Details of the issuer
Name	Paragon Banking Group PLC
LEI code	213800S1TDKIB1IUTS72
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
Description of the financial instrument, type of instrument Identification code Identification code	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
Nature of the transaction	Grant of awards, in the form of nil-cost options, under the Paragon Deferred Share Bonus Plan ("PDSBP").
Price(s) and volume(s)	Price Volume £0.00 130,361
Aggregated information - Aggregated volume - Price	N/A
Date of the transaction	11 December 2020
Place of the transaction	Outside a trading venue

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
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	Grant of awards, in the form of nil-cost options, under the Paragon Performance Share Plan ("PPSP").
c)	Price(s) and volume(s)	Price Volume £0.00 149,046
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	11 December 2020
f)	Place of the transaction	Outside a trading venue

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
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	Grant of awards, in the form of nil-cost options, 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	11 December 2020
f)	Place of the transaction	Outside a trading venue

 

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