Director/PDMR Shareholding

RNS Number : 7096C

Virgin Money UK PLC

22 June 2021

 

VIRGIN MONEY UK PLC

(Company)

LEI:   213800ZK9VGCYYR6O495

22 June 2021

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) AND THE DEFERRED EQUITY PLAN (DEP)

The Company announces that on 18 June and 21 June 2021 the following Directors and 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 release of shares relate to tranches of the 2017 LTIP and 2017 DEP awards that were made in November 2017 and were subject to a three year deferral period and further six month regulatory hold period.

Announcement authorised for release by 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		Vesting of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 4,163
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 1,967
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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		Vesting of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 27,718
d)	Aggregated information		N/A
e)	Date of the transaction		21 June 2021
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		Shares sold to cover tax liabilities and sale costs of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9407 13,074
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 21 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 1,270
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of he first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 620
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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		Vesting of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 8,217
d)	Aggregated information		N/A
e)	Date of the transaction		21 June 2021
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		Shares sold to cover tax liabilities and sale costs of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9407 3,959
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 21 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 3,036
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 1,468
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 1,457
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 710
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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		Vesting of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 8,608
d)	Aggregated information		N/A
e)	Date of the transaction		21 June 2021
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		Shares sold to cover tax liabilities and sale costs of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9407 4,147
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 21 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 1,874
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 891
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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		Vesting of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 12,122
d)	Aggregated information		N/A
e)	Date of the transaction		21 June 2021
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		Shares sold to cover tax liabilities and sale costs of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9407 5,718
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 21 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 2,914
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 1,409
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 4,163
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 1,967
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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 first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 1,561
d)	Aggregated information		N/A
e)	Date of the transaction		18 June 2021
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 of the first tranche of the 2017 LTIP award that was subject to a further six month regulatory hold period.
c)		Price(s) and volume(s)		Price(s) Volume(s) £1.9744 744
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 18 June 2021
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		Vesting of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 9,662
d)	Aggregated information		N/A
e)	Date of the transaction		21 June 2021
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		Shares sold to cover tax liabilities and sale costs of the 3 year deferral tranche of the 2017 DEP Award that was subject to a further six month regulatory hold period.
c)	Price(s) and volume(s)		Price(s) Volume(s) £1.9407 4,558
d)	Aggregated information - Aggregated volume - Price		N/A
e)	Date of the transaction		All transactions took place on 21 June 2021
f)	Place of the transaction		London / London Stock Exchange (LON:LSE)

 

END

 

 

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