Director/PDMR Shareholding

RNS Number : 0559K

Paragon Banking Group PLC

16 December 2022

 

16 December 2022

Paragon Banking Group PLC

Director Shareholding

On 16 December 2022, 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 2022.

Director	Role	Number of shares awarded under PPSP	Number of shares awarded under the PDSBP
N S Terrington	Chief Executive Officer	290,331	23,226
R J Woodman	Chief Financial Officer	182,847	14,627

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 2025.  The awards, to the extent they vest, will b ecome exercisable in tranches from the third anniversary of the date of grant until the seventh anniversary of the date of grant in accordance with regulatory requirements.

The PDSBP awards will vest in tranches from the third anniversary of the date of grant until the seventh anniversary of the date of grant in accordance with regulatory requirements

Both the PPSP and PDSBP awards will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.  All of the DSBP and PSP awards vesting will be subject to a one year holding period post vesting and will operate with all associated shareholder rights, with the exception of the right to transfer or sell shares, which will only be permissible after a year has lapsed from the date of the award, after which the shares can then be transferred or sold.

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 £0.00 290,331
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	16 December 2022
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 23,226
Aggregated information - Aggregated volume - Price	N/A
Date of the transaction	16 December 2022
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 £0.00 182,847
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 December 2022
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 14,627
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 December 2022
f)	Place of the transaction	Outside a trading venue

 

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