Director/PDMR Shareholding

Virgin Money UK PLC

22 March 2024

 

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

22 March 2024

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

DEFERRED EQUITY PLAN (DEP) COMMENCEMENT AWARD

On 22 March 2024, Sarah Wilkinson, a PDMR of the Company, received ordinary shares in the Company and a portion of the shares received were automatically sold to cover her tax liability 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 were a deferred tranche of the DEP Commencement Award granted in June 2023.

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		Sarah Wilkinson
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 2023 DEP Commencement Award.
c)	Price(s) and volume(s)		Price(s) Volume(s) Nil-Consideration 23,054
d)	Aggregated information		N/A
e)	Date of the transaction		22 March 2024
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 2023 DEP Commencement Award.
c)		Price(s) and volume(s)		Price(s) Volume(s) £2.13 10,874
d)		Aggregated information - Aggregated volume - Price		N/A
e)		Date of the transaction		All transactions took place on 22 March 2024.
f)		Place of the transaction		London / London Stock Exchange (LON:LSE)

 

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