Director/PDMR Shareholding

RNS Number : 4920K

Virgin Money UK PLC

21 December 2022

 

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

21 December 2022

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

VESTINGS UNDER THE LONG-TERM INCENTIVE PLAN (LTIP) AND THE DEFERRED EQUITY PLAN (DEP)

On 20 December 2022 the following Directors and PDMRs received ordinary shares in the Company and sold a portion of the shares received were automatically sold 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 deferred tranches of awards relating to the 2017 LTIP Award, granted in November 2017 and the 2018 LTIP Award, granted in December 2018.  Half of the shares released under the 2018 LTIP Award are subject to a 12 month holding period in line with the requirements of the PRA Remuneration Code.

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		1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)	Price(s) and volume(s)		Price(s) Volume(s) 1) Nil-Consideration 13,325 2) Nil-Consideration 137,090
d)	Aggregated information - Aggregated volume - Price		150,415 Nil-consideration
e)	Date of the transaction		20 December 2022
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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)		Price(s) and volume(s)		Price(s) Volume(s) 1) £1.792439 6,285 2) £1.792439 64,659
d)		Aggregated information - Aggregated volume - Price		70,944 £1.792439
e)		Date of the transaction		All transactions took place on 20 December 2022
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		1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)	Price(s) and volume(s)		Price(s) Volume(s) 1) Nil-Consideration 3,105 2) Nil-Consideration 20,817
d)	Aggregated information - Aggregated volume - Price		23,922 Nil-consideration
e)	Date of the transaction		20 December 2022
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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)		Price(s) and volume(s)		Price(s) Volume(s) 1) £1.792439 1,496 2) £1.792439 10,027
d)		Aggregated information - Aggregated volume - Price		11,523 £1.792439
e)		Date of the transaction		All transactions took place on 20 December 2022
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		1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)	Price(s) and volume(s)		Price(s) Volume(s) 1) Nil-Consideration 4,306 2) Nil-Consideration 45,540
d)	Aggregated information - Aggregated volume - Price		49,846 Nil-consideration
e)	Date of the transaction		20 December 2022
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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)		Price(s) and volume(s)		Price(s) Volume(s) 1) £1.792439 2,204 2) £1.792439 23,307
d)		Aggregated information - Aggregated volume - Price		25,511 £1.792439
e)		Date of the transaction		All transactions took place on 20 December 2022
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		1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)	Price(s) and volume(s)		Price(s) Volume(s) 1) Nil-Consideration 4,258 2) Nil-Consideration 44,540
d)	Aggregated information - Aggregated volume - Price		48,798 Nil-consideration
e)	Date of the transaction		20 December 2022
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 for: 1) Vesting of the 2017 LTIP 2) Vesting of the 2018 LTIP
c)		Price(s) and volume(s)		Price(s) Volume(s) 1) £1.792439 2,009 2) £1.792439 21,007
d)		Aggregated information - Aggregated volume - Price		23,016 £1.792439
e)		Date of the transaction		All transactions took place on 20 December 2022
f)		Place of the transaction		London / London Stock Exchange (LON:LSE)

 

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