Director/PDMR Shareholding

Paragon Banking Group PLC

31 January 2024

 

31 January 2024

Paragon Banking Group PLC

Director Shareholding

On 31 January 2024, the Company's Executive Directors exercised and sold awards granted under 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") and were sold, via the London Stock Exchange, at a price of £7.056294 per share. 

Director	Date of PDSBP award	Date of vesting	Number of Shares awarded	Dividend equivalent Shares*	Number of Shares sold
N S Terrington	18/12/2014	18/12/2017	52,888	n/a	52,888
N S Terrington	22/12/2015	22/12/2018	60,042	n/a	60,042
N S Terrington	11/11/2020	11/11/2023	130,361	14,645	145,006
R J Woodman	11/11/2020	11/11/2020	82,099	9,223	91,322

* The PDSBP awards granted in December 2020 carried the right to receive dividend equivalents, in the form of Shares, at the point of exercise.  

In addition, the Company's Executive Directors sold the following Shares acquired pursuant to the Company's discretionary annual bonus arrangements, via the London Stock Exchange, at a price of £7.056294 per share. 

Director	Number of Shares acquired 6/12/2022	Date shares available to sell	Number of Shares sold
N S Terrington	44,084	06/12/2023	44,084
R J Woodman	27,764	06/12/2023	27,764

For further information, please contact:

Carolyn Sharpe, Deputy 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
b)	Nature of the transaction	Exercise of 243,291 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
c)	Price(s) and volume(s)	Price Volume £0.00 243,291
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 January 2024
f)	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
b)	Nature of the transaction	Sale of 257,936 shares acquired following the aforementioned exercise of options under the PDSP (including the sale of 14,645 dividend equivalent shares arising from exercise of award)
c)	Price(s) and volume(s)	Price Volume £7.056294 257,936
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 January 2024
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
	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
b)	Nature of the transaction	Sale of 44,084 shares  acquired pursuant to the Company's discretionary annual bonus arrangements Following transactions 1-3, Nigel Terrington retains a beneficial interest in 1,313,833 Ordinary Shares of £1.00 each in Paragon Banking Group PLC
c)	Price(s) and volume(s)	Price Volume £7. 056294 44,084
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 January 2024
f)	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
b)	Nature of the transaction	Exercise of 82,088 nil-cost options granted 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	31 January 2024
f)	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
b)	Nature of the transaction	Sale of 91,322 shares acquired following the aforementioned exercise of options under the PDSP (including the sale of 9,223 dividend equivalent shares arising from exercise of award)
c)	Price(s) and volume(s)	Price Volume £7. 056294 91,322
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 January 2024
f)	Place of the transaction	London Stock Exchange- Main Market (XLON)
	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
b)	Nature of the transaction	Sale of 27,764 shares acquired pursuant to the Company's discretionary annual bonus arrangements Following transactions 1-3, Richard Woodman retains a beneficial interest in 584,605 Ordinary Shares of £1.00 each in Paragon Banking Group PLC
c)	Price(s) and volume(s)	Price Volume £7. 056294 27,764
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 January 2024
f)	Place of the transaction	London Stock Exchange - Main Market (XLON)

 

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