Director/PDMR Shareholding

RNS Number : 9095G

Paragon Banking Group PLC

29 July 2021

 

Paragon Banking Group PLC (the "Company")

Grant of Options under The Paragon Sharesave Plan 2019 (the "Sharesave Plan")

The Company announces that on 28 July 2021 the Directors ("PDMRs") detailed in the table below were granted an option to purchase ordinary shares of £1.00 each in the capital of the Company pursuant to the Sharesave Plan at an exercise price of £4.24 per share.

The Sharesave Plan is HMRC approved and available to all of the Company's employees, subject to qualifying conditions. 

Director	Role	Number of share options granted	Savings term	Period exercisable*
N S Terrington	Chief Executive Officer	4,245	3 years	01/09/24 - 01/03/25
R J Woodman	Chief Financial Officer	4,245	3 years	01/09/24 - 01/03/25

* The options are, in normal circumstances, not exercisable until the completion of the savings term. 

The Company was notified of these transactions on 28 July 2021.

For further information, please contact:

Carolyn Sharpe, Senior Assistant Company Secretary

Tel: [phone]

29 July 2021

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

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	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
c)	Nature of the transaction	Grant of options under the Company's all-employee Sharesave Scheme (The Paragon Sharesave Plan 2019) at an option price of £4.24 per share.  Options will normally be exercisable during the period from 1 September 2024 to 1 March 2025.
d)	Price(s) and volume(s)	Price Volume £4.24 4,245
e)	Aggregated information - Aggregated volume - Price	N/A - single transaction
f)	Date of the transaction	28 July 2021
g)	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	Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57
c)	Nature of the transaction	Grant of options under the Company's all-employee Sharesave Scheme (The Paragon Sharesave Plan 2019) at an option price of £4.24 per share.  Options will normally be exercisable during the period from 1 September 2024 to 1 March 2025.
d)	Price(s) and volume(s)	Price Volume £4.24 4,245
e)	Aggregated information - Aggregated volume - Price	N/A - single transaction
f)	Date of the transaction	28 July 2021
g)	Place of the transaction	Outside a trading venue

 

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