Director/PDMR Shareholding

RNS Number : 3447V

Vanquis Banking Group PLC

04 April 2023

 

Vanquis Banking Group plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that on 2 April 2023, 72,028 ordinary shares of 20 8/11p ("Shares") (comprising 67,027 vested conditional award Shares and 5,001 dividend equivalent Shares) have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020. 33,973 of those Shares were sold to satisfy income tax and national insurance contributions due on vesting ("Sell to Cover Shares"). The number of Sell to Cover Shares was calculated based on the closing mid-market price of a Share on the London Stock Exchange of £2.372 on 31 March 2023, being the last previous day on which the London Stock Exchange was open before the vesting date. The net remaining Shares have been retained.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neeraj Kapur
2	Reason for the notification
a)	Position/status	Chief Finance Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vanquis Banking Group plc
b)	LEI	213800U93SZC44VXN635
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 20 8/11p GB00B1Z4ST84
b)	Nature of the transaction	(1) Vesting of a conditional award by the Company over 67,027 shares under a Buy Out Award Agreement together with their associated 5,001 dividend equivalent Shares. (2) Subsequent sale of 33,973 Shares to satisfy income tax and national insurance contributions due on vesting of the Buy Out Award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 72,028 £2.372 33,973
d)	Aggregated information - Aggregated volume - Price	Acquisition on vesting Sale 72,028 33,973 Nil £80,583.96
e)	Date of the transaction	2 April 2023
f)	Place of the transaction	(1) Outside a trading venue (2) London Stock Exchange

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification :

4 April 2023

 

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