Paragon Banking Group PLC Director/PDMR Shareholding (6099I)
December 14 2020 - 11:45AM
UK Regulatory
TIDMPAG
RNS Number : 6099I
Paragon Banking Group PLC
14 December 2020
14 December 2020
Paragon Banking Group PLC
Director Shareholding
On 11 December 2020, Paragon Banking Group PLC (the "Company")
granted awards over the Company's Ordinary Shares of GBP1.00 each
to the following directors under the Paragon Performance Share Plan
2013 (" PPSP ") and under the Paragon Deferred Share Bonus Plan
2013 ("PDSBP") in respect of bonuses for the year ended 30
September 2020.
Director Role Number of shares Number of shares
awarded under awarded under
PPSP the PDSBP
Chief Executive
N S Terrington Officer 236,661 130,361
---------------- ---------------- ----------------
Chief Financial
R J Woodman Officer 149,046 82,099
---------------- ---------------- ----------------
No consideration was paid for the grant of the awards, which
have been structured as nil-cost options.
The PPSP awards will vest subject to the satisfaction of
performance conditions, which will be measured over the period of
three financial years ending on 30 September 2023. The awards, to
the extent they vest, will ordinarily become exercisable following
the end of a further holding period when the Company announces its
results for the financial year ending 30 September 2025.
The PDSBP awards will normally vest on the third anniversary of
grant.
Both the PPSP and PDSBP awards will, ordinarily, remain
exercisable until the day before the tenth anniversary of the date
of grant.
The number of shares subject to each award has been determined
by reference to a share price of GBP4.554, being the average share
price over the five dealing days immediately following the
announcement by the Company of its results for the financial year
ended 30 September 2020.
Enquiries:
Carolyn Sharpe
Senior Assistant Company Secretary
Tel: 07984810427
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/ Initial notification
Amendment
-------------------------------- ------------------------------------
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 Ordinary shares of GBP1.00 each
instrument, type of instrument in Paragon Banking Group PLC
Identification code GB00B2NGPM57
Identification code
-------------------------------- ------------------------------------
c) Nature of the transaction Grant of awards, in the form of
nil-cost options, under the Paragon
Performance Share Plan ("PPSP").
-------------------------------- ------------------------------------
d) Price(s) and volume(s) Price Volume
GBP0.00 236,661
--------
-------------------------------- ------------------------------------
e) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- ------------------------------------
f) Date of the transaction 11 December 2020
-------------------------------- ------------------------------------
g) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------------
Details of the person discharging managerial responsibilities/person
closely associated
Name Nigel Stewart Terrington
-------------------------------------
Reason for the notification
Position/status Chief Executive Officer (PDMR)
-------------------------------------
Initial notification/ Initial notification
Amendment
-------------------------------------
Details of the issuer
Name Paragon Banking Group PLC
-------------------------------------
LEI code 213800S1TDKIB1IUTS72
-------------------------------------
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
Description of the financial Ordinary shares of GBP1.00 each
instrument, type of instrument in Paragon Banking Group PLC
Identification code GB00B2NGPM57
Identification code
-------------------------------------
Nature of the transaction Grant of awards, in the form of
nil-cost options, under the Paragon
Deferred Share Bonus Plan ("PDSBP").
-------------------------------------
Price(s) and volume(s) Price Volume
GBP0.00 130,361
--------
-------------------------------------
Aggregated information N/A
- Aggregated volume
- Price
-------------------------------------
Date of the transaction 11 December 2020
-------------------------------------
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/ Initial notification
Amendment
-------------------------------- ------------------------------------
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 Ordinary shares of GBP1.00 each
instrument, type of instrument in Paragon Banking Group PLC
Identification code GB00B2NGPM57
Identification code
-------------------------------- ------------------------------------
b) Nature of the transaction Grant of awards, in the form of
nil-cost options, under the Paragon
Performance Share Plan ("PPSP").
-------------------------------- ------------------------------------
c) Price(s) and volume(s) Price Volume
GBP0.00 149,046
--------
-------------------------------- ------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- ------------------------------------
e) Date of the transaction 11 December 2020
-------------------------------- ------------------------------------
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/ Initial notification
Amendment
------------------------------- -------------------------------------
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 Ordinary shares of GBP1.00 each
instrument, type of instrument in Paragon Banking Group PLC
Identification code GB00B2NGPM57
Identification code
------------------------------- -------------------------------------
b) Nature of the transaction Grant of awards, in the form of
nil-cost options, under the Paragon
Deferred Share Bonus Plan ("PDSBP").
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price Volume
GBP0.00 82,099
-------
------------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------- -------------------------------------
e) Date of the transaction 11 December 2020
------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------
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