29 Mar 2023 15:35
Paragon Banking Group PLC (the "Company")
Directors' Shareholdings
Following approval of the Company's Directors' Remuneration Policy ("the Policy"), at its 2023 Annual General Meeting, the Company has made the first payment to the Executive Directors in respect of the Salary in Shares arrangement ("SIS"). The SIS represents 20% of salary delivered in shares, purchased in quarterly instalments, and released over five years. Following approval of the Policy at the AGM, the SIS became effective from 1 October 2022. Therefore, the first purchase made under the SIS covers the period from 1 October 2022 to 31 March 2023 minus the value of the payment and purchase made under the previous Role Based Allowance arrangement ("RBA") on 22 December 2022.
Director | Value of SIS payment (1 October 2022 to 31 March 2023 minus value of RBA payment made 22 December 2022) | Number of Shares acquired with the after tax value of the SIS payment |
N S Terrington | £57,126 | 5,971 |
R J Woodman | £35,708 | 3,732 |
Shares acquired pursuant to the RBA will continue to be released to the Executive Directors over five years and a proportion of the Shares acquired by each Executive Director, under previous RBA purchases have now been released as follows:
Director | Total number of shares transferred | Transferred to spouse (PCA) |
N S Terrington | 1,542 | Mrs J Terrington |
R J Woodman | 991 | Mrs S Woodman |
For further information, please contact:
Carolyn Sharpe, Deputy Company Secretary
Tel: 07984 810427
29 March 2023
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
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 | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC ("Shares") GB00B2NGPM57 | ||||
c) | Nature of the transaction | Purchase of shares pursuant to the Company's Salary in Shares remuneration arrangements. | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information- Aggregated volume- Price | N/A | ||||
f) | Date of the transaction | 29 March 2023 | ||||
g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| i. Nigel Stewart Terrington (PDMR) ii. Jacqueline Terrington (PCA)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| i. PDMR - Chief Executive Officer ii. PCA - spouse to PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Paragon Banking Group PLC | ||||
b)
| LEI
| 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
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of £1 each in Paragon Banking Group PLC
GB00B2NGPM57
| ||||
b)
| Nature of the transaction
| i. Transfer of 1,542 shares to PCA. ii. Receipt of gift of 1,542 shares from PDMR.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 29 March 2023 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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 | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC ("Shares") GB00B2NGPM57 | ||||
c) | Nature of the transaction | Purchase of shares pursuant to the Company's Salary in Shares remuneration arrangements. | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information- Aggregated volume- Price | N/A | ||||
f) | Date of the transaction | 29 March 2023 | ||||
g) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| i. Richard James Woodman (PDMR) ii. Susan Woodman (PCA)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| i. PDMR - Chief Financial Officer ii. PCA - spouse to PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Paragon Banking Group PLC | ||||
b)
| LEI
| 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
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of £1 each in Paragon Banking Group PLC
GB00B2NGPM57
| ||||
b)
| Nature of the transaction
| i. Transfer of 991 shares to PCA. ii. Receipt of gift of 991 shares from PDMR.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
e)
| Date of the transaction
| 29 March 2023 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Paragon Group (PAG)