Director/PDMR Shareholding

RNS Number : 3470F

Paragon Banking Group PLC

18 March 2022

 

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: [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
	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)	Price Volume £0.00 138,897
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £0.00 510,098
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.7776 4,186
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.957 147,667
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.957 343,414
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.957 309,767
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £0.00 84,059
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £0.00 389,264
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.7776 4,186
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.957 92,951
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.957 250,492
e)	Aggregated information - Aggregated volume - Price	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)	Price Volume £4.957 227,017
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	18 March 2022
g)	Place of the transaction	London Stock Exchange - Main Market (XLON)

 

END

 

 

DSHDVLFFLXLZBBF