Director/PDMR Shareholding

RNS Number : 1895B

Virgin Money UK PLC

28 January 2020

 

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

28 January 2020

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 28 January 2020 the following PDMR was granted the award noted below under the Company's Long Term Incentive Plan (LTIP) in order to correct an administrative oversight from the original grant on 9 December 2019.

The 2019 LTIP share bonus award is 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, from the original date of grant.

The number of rights awarded was based on the middle market share price the day prior to 9 December (the date of grant of the original awards) being £1.745, discounted to reflect the absence of dividend equivalents during the deferral period.

Summary of Awards

PDMRs	Number of additional shares awarded under the 2019 LTIP
Fraser Ingram	36,908

Announcement authorised for release by Lorna McMillan, Group Company Secretary

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	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 36,908
d)	Aggregated information	N/A
e)	Date of the transaction	28 January 2020
f)	Place of the transaction	London / London Stock Exchange (LON:LSE)

 

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