Last checked at 13 Jan 2023 09:23
13 January 2023
Paragon Banking Group PLC
Director Shareholding
On 12 January 2023, the Company's Executive Directors exercised awards granted under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP") which were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares").
Sufficient Shares were sold on the London Stock Exchange, at a price of £5.835116 per Share, to cover tax withholding obligations and the balance of Shares was retained by each director.
Director | Award type | Date of grant | Date of vesting | Number of Shares Exercised | Number of Shares sold | Number of Shares retained |
N S Terrington | PDSBP | 14/12/2019 | 14/12/2022 | 42,368 | 20,485 | 21,883 |
R J Woodman | PDSBP | 14/12/2019 | 14/12/2022 | 25,759 | 12,455 | 13,304 |
For further information, please contact:
Carolyn Sharpe, Senior Assistant 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 42,368 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 | 12 January 2023
| ||||
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 | Sale of 20,485 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 12 January 2023
| ||||
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 25,759 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 | 12 January 2023
| ||||
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 | Sale of 12,455 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 12 January 2023 | ||||
f) | Place of the transaction | London Stock Exchange - Main Market (XLON) | ||||