Director/PDMR Shareholding

RNS Number : 7584Y

Virgin Money UK PLC

11 September 2020

 

VIRGIN MONEY UK PLC

(Company)

LEI:   213800ZK9VGCYYR6O495

11 September 2020

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

VESTINGS UNDER THE LONG-TERM INVESTMENT PLAN (LTIP)

The Company announces that on 9 September 2020 the following PDMRs received ordinary shares in the Company and sold a portion of the shares received to cover their respective tax liabilities and sale costs.  The sale of shares to cover tax liabilities is a standard procedure executed by the Company for all employees to cover the statutory tax and national insurance obligations that it is required to meet in respect of share awards.  The shares released are the final tranche of shares relating to the 2016 LTIP award granted in September 2017.

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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 118,736
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 56,002
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 54,618
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 26,309
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 36,214
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 17,444
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 20,778
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 10,009
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 32,059
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 15,443
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 41,557
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 20,018
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 45,120
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 21,281
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 33,246
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 16,015
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 24,340
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 11,480
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
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		Vesting of the final tranche of the 2016 LTIP award
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 44,526
d)	Aggregated information		N/A
e)	Date of the transaction		9 September 2020
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)
5		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		Shares sold to cover tax liabilities and sale costs
c)		Price(s) and volume(s)		Price(s) Volume(s) £0.8934 21,001
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 9 September 2020
f)		Place of the transaction		London / London Stock Exchange (LON:LSE)

SHARE INCENTIVE PLAN

The Company announces that the following PDMRs have purchased the following shares under the Share Incentive Plan.

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	Purchase of shares via the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9073 165
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	1 September 2020
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	Purchase of shares via the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9326 160
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	1 June 2020
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)
5	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	Purchase of shares via the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9177 164
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	1 July 2020
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)
6	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	Purchase of shares via the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.8652 173
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	3 August 2020
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)
7	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	Purchase of shares via the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.9073 165
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	1 September 2020
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

 

END

 

 

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