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Director/PDMR Shareholding

17th Mar 2017 10:00

RNS Number : 7974Z
Virgin Money Holdings (UK) PLC
17 March 2017
 

 

 

17 March 2017

Virgin Money Holdings (UK) PLC (the Company)

ISIN: GB00BQ8P0644

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

VESTINGS UNDER THE PHANTOM INCENTIVE PLAN (PIP) AND DEFERRED BONUS SHARE PLAN (DBSP)

On 15 March 2017, vestings to certain PDMRs of the Company took place under (i) the PIP that was awarded for the full years of 2012 and 2013 (PIP FY12 and PIP FY13), (ii) the DBSP for the full year of 2015 (DBSP FY15) and (iii) the 1st tranche of the DBSP for the full year of 2016 (DBSP FY16), for which the award grants were announced on 15 March 2017. The net shares are subject to a six-month hold period before any further sales or transfers can be effected.

Following receipt of notification on 16 March, details of the shares that vested and the portions sold to cover tax are included in the detailed disclosures below.

VESTINGS UNDER THE DEFERRED BONUS SHARE PLAN (DBSP) AND LONG TERM INCENTIVE PLAN (LTIP) AND RECRUITMENT AWARDs

 

On 15 March 2017, vestings took place under the DBSP and LTIP in respect of awards made to Hugh Chater (a PDMR of the Company) under the terms of his appointment by the Company to compensate for forfeited awards from previous employment. The net shares are subject to a further six-month hold period before any further sales or transfers can be effected.

 

Following receipt of notification on 16 March, details of the shares that vested and the portions sold to cover tax are included in the detailed disclosures below in respect of Hugh Chater.

 

All transactions took place in the UK and the Shares are listed on the London Stock Exchange.

 

This notification is made in accordance with the Market Abuse Regulation, Article 19(3), further details below.

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Jayne-Anne Gadhia

2. Reason for the notification

Position/status

Chief Executive Officer

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Phantom Incentive Plan (PIP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

PIP FY12

242,580

114,414

PIP FY13

101,710

47,972

DBSP FY15

17,655

8,328

DBSP FY16

97,829

46,142

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Peter Bole

2. Reason for the notification

Position/status

Chief Financial Officer

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

DBSP FY16

6,848

3,231

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Tim Arthur

2. Reason for the notification

Position/status

Creative Director

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

DBSP FY16

3,619

1,712

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Hugh Chater

2. Reason for the notification

Position/status

Chief Commercial Officer

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Long Term Incentive Plan (LTIP), Deferred Bonus Share Plan (DBSP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

DBSP FY16

16,630

7,844

DBSP

15,986

7,541

LTIP

19,427

9,164

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Matt Elliott

2. Reason for the notification

Position/status

People Director

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Phantom Incentive Plan (PIP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

PIP FY12

33,960

16,018

PIP FY13

16,820

7,934

DBSP FY15

4,516

2,134

DBSP FY16

23,479

11,075

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Andrew Emuss

2. Reason for the notification

Position/status

General Counsel

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

DBSP FY15

5,165

2,439

DBSP FY16

26,413

12,459

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Michele Greene

2. Reason for the notification

Position/status

Director of Strategic Developments

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Phantom Incentive Plan (PIP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

PIP FY13

66,860

31,535

DBSP FY15

6,092

2,874

DBSP FY16

29,348

13,843

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Caroline Marsh

2. Reason for the notification

Position/status

Director of Culture

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Phantom Incentive Plan (PIP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

PIP FY12

32,990

15,561

PIP FY13

16,820

7,934

DBSP FY15

3,788

1,791

DBSP FY16

22,500

10,613

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Marian Martin

2. Reason for the notification

Position/status

Chief Risk Officer

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Phantom Incentive Plan (PIP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

PIP FY12

84,090

39,662

PIP FY13

37,840

17,848

DBSP FY15

7,218

3,405

DBSP FY16

36,686

17,304

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated

Name:

Mark Parker

2. Reason for the notification

Position/status

Chief Operating Officer

Initial notification/amendments

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name of legal entity

Virgin Money Holdings (UK) plc

Legal Entity Identifier code

213800TAU9ZX2WZNCO64

4. Details of the transaction(s)

Description of financial instrument, type of instrument

Ordinary shares of 0.01p each

Identification code

GB00BQ8P0644

Nature of transaction

Receipt of shares and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Phantom Incentive Plan (PIP).

Currency

GBP

Price and volume

Vestings

Scheme

Shares Vested

Shares sold to cover tax purposes at £3.31 per share

PIP FY12

89,660

42,289

PIP FY13

37,840

17,848

DBSP FY15

3,099

1,468

DBSP FY16

26,903

12,690

Aggregated information

See above

Date of transaction

15 March 2017

Place of transaction

London Stock Exchange (XLON)

 

Enquiries:

Virgin Money Investor RelationsAdam Key020 7111 1311 or [email protected]

Virgin Money Company SecretaryKatie Marshall0191 279 6482 or [email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Virgin Money Holdings
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