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Last checked at 
31 Jan 2025 16:17
31 January 2025
Paragon Banking Group PLC ("the Company")
Director Shareholding
On 30 January 2025, the Company's Executive Directors exercised and sold awards granted under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP") and the Paragon Performance Share Plan 2013 ("PPSP"). The awards exercised were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares") and were sold, via the London Stock Exchange, at a price of £7.650454 per share.
Director | Date of PDSBP award | Date of vesting | Number of Shares exercised | Dividend equivalent Shares* | Total number of Shares sold |
N S Terrington | 15/12/2021 | 15/12/2024 | 74,912 | 9,650 | 84,562 |
R J Woodman | 15/12/2021 | 15/12/2024 | 45,473 | 5,858 | 51,331 |
* The PDSBP awards granted in December 2021 carried the right to receive dividend equivalents, in the form of Shares, at the point of exercise.
Director | Date of PPSP award | Exercisable date* | Number of Shares exercised & sold |
N S Terrington | 06/07/2020 | 03/12/2024 | 290,965 |
R J Woodman | 06/07/2020 | 03/12/2024 | 183,245 |
\* The vesting outturn of the July 2020 PPSP awards was determined in December 2022, but the awards did not become exercisable until 03/12/2024
In addition, the Company's Executive Directors sold the following Shares acquired pursuant to the Company's discretionary annual bonus arrangements, via the London Stock Exchange, at a price of £7.650454 per share.
Director | Number of Shares acquired 06/12/2023 | Date Shares available to sell | Number of Shares sold |
N S Terrington | 39,542 | 21/12/2024 | 39,542 |
R J Woodman | 25,326 | 21/12/2024 | 25,326 |
For further information, please contact:
Carolyn Sharpe, Deputy Company Secretary
Tel: 07984 810427
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Nigel Stewart Terrington | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer (PDMR) | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Paragon Banking Group PLC | ||||
b) | LEI code
| 213800S1TDKIB1IUTS72 | ||||
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 | |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Exercise of 74,912 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP") | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025
| ||||
f) | Place of the transaction | Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Exercise of 290,965 nil-cost options granted under the Paragon Performance Share Plan ("PPSP") | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Transaction 3 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Sale of 375,527 shares acquired following the aforementioned exercise of options under the PDSBP & PPSP (including the sale of 9,650 dividend equivalent shares arising from exercise of the PDSBP award) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025
| ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
Transaction 4 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Sale of 39,542 shares acquired pursuant to the Company's discretionary annual bonus arrangements Following transactions 1-4, Nigel Terrington retains a beneficial interest in 1,319,369 Ordinary Shares of £1.00 each in Paragon Banking Group PLC | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025
| ||||
f) | Place of the transaction | London Stock Exchange - Main Market (XLON) | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Richard James Woodman | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer (PDMR) | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Paragon Banking Group PLC | ||||
b) | LEI code
| 213800S1TDKIB1IUTS72 | ||||
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 | |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Exercise of 45,473 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP") | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025
| ||||
f) | Place of the transaction | Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Exercise of 183,245 nil-cost options granted under the Paragon Performance Share Plan ("PPSP") | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Transaction 3 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Sale of 234,576 shares acquired following the aforementioned exercise of options under the PDSBP & PPSP (including the sale of 5,858 dividend equivalent shares arising from exercise of the PDSBP award) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025
| ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
Transaction 4 | ||||||
a)
| Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
b) | Nature of the transaction | Sale of 25,326 shares acquired pursuant to the Company's discretionary annual bonus arrangements Following transactions 1-4, Richard Woodman retains a beneficial interest in 589,310 Ordinary Shares of £1.00 each in Paragon Banking Group PLC | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 30 January 2025
| ||||
f) | Place of the transaction | London Stock Exchange - Main Market (XLON) | ||||
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