Director/PDMR Shareholding

RNS Number : 4236W

Virgin Money UK PLC

10 December 2019

 

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

10 December 2019

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBLITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

2019 Long Term Incentive Plan Awards

The Company announces that on 9 December 2019 the following Directors and PDMRs were granted the awards noted below under the Company's Long Term Incentive Plan (LTIP).

The number of rights awarded was based on the middle market share price the day prior to grant being £1.745, discounted to reflect the absence of dividend equivalents during the deferral period.

The 2019 LTIP share bonus awards in the form of rights to acquire Ordinary Shares of £0.10 each in the Company, subject to a three-year performance period with vesting between the third and seventh anniversary of the award, on a pro-rata basis.  

Summary of Awards

Executive Directors	Number of shares awarded under the 2019 LTIP
David Duffy	1,266,947
Ian Smith	629,894

PDMRs	Number of shares awarded under the 2019 LTIP
Hugh Chater	560,000
Lucy Dimes	434,670
Kate Guthrie	391,368
Fraser Ingram	434,670
Enda Johnson	322,897
Fergus Murphy	412,631
Gavin Opperman	530,526
Helen Page	379,508
James Peirson	302,716
Mark Thundercliffe	442,105
Emma Tottenham	181,630

For and on behalf of the Board.

Lorna McMillan

Group Company Secretary

This announcement is made in accordance with the requirements of the FCA's DTR Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Duffy
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 1,266,947
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Smith
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 629,894
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugh Chater
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 560,000
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lucy Dimes
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 434,670
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Guthrie
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 391,368
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fraser Ingram
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 434,670
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Enda Johnson
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 322,897
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fergus Murphy
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 412,631
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Opperman
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 530,526
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Helen Page
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 379,508
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Peirson
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 302,716
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Thundercliffe
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 442,105
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Tottenham
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Virgin Money UK PLC
b)	LEI	213800ZK9VGCYYR6O495
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 £0.10 each GB00BD6GN030
b)	Nature of the transaction	Grant in relation to the 2019 LTIP under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.745 181,630
d)	Aggregated information	N/A
e)	Date of the transaction	9 December 2019
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

 

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