26th Mar 2018 15:00
26 March 2018
Virgin Money Holdings (UK) PLC (the Company)
ISIN: GB00BQ8P0644
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
VESTINGS UNDER THE DEFERRED BONUS SHARE PLAN (DBSP)
On 22 March 2018, vestings to certain PDMRs of the Company took place under (i) the DBSP for the full years of 2015 and 2016 (DBSP FY15, DBSP FY16), and (ii) the 1st tranche of the DBSP for the full year of 2017 (DBSP FY17), for which the award grants were announced on 23 March 2018. The net shares under (i) are subject to a six-month hold period and (ii) are subject to a twelve-month hold period before any further sales or transfers can be effected.
Following receipt of notification on 23 March 2018, details of the shares that vested and the portions sold to cover tax are included in the detailed disclosures below.
VESTING UNDER THE DEFERRED BONUS SHARE PLAN (DBSP) - RECRUITMENT AWARD
On 22 March 2018, vestings took place under the DBSP in respect of an award made to Hugh Chater 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.
Details of the shares that vested and the portions sold to cover tax are included in the detailed disclosures below.
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 | Vesting 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 |
| |||||||||||||
Aggregated information | 175,982 shares vested. 83,004 shares sold at £2.6178 per share | |||||||||||||
Date of transaction | 22 March 2018 | |||||||||||||
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 | Vesting 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 |
| ||||||||||
Aggregated information | n/a | ||||||||||
Date of transaction | 22 March 2018 | ||||||||||
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 | Vesting 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 |
| |||||||||||||
Aggregated information | 35,541 shares vested. 16,776 shares vested at £2.6178 per share | |||||||||||||
Date of transaction | 22 March 2018 | |||||||||||||
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 | Managing Director - Core Bank | |||||||||||||
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 | Vesting 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 |
| |||||||||||||
Aggregated information | 61,357 shares vested. 28,941 shares sold at £2.6178 per share | |||||||||||||
Date of transaction | 22 March 2018 | |||||||||||||
Place of transaction | London Stock Exchange (XLON) | |||||||||||||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||||||||
Name: | Ken Donald | ||||||||||
2. Reason for the notification | |||||||||||
Position/status | Corporate Development 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 | Vesting 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 |
| ||||||||||
Aggregated information | n/a | ||||||||||
Date of transaction | 22 March 2018 | ||||||||||
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 | Vesting 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 |
| ||||||||||||||||
Aggregated information | 48,632 shares vested. 22,949 shares sold at £2.6178 per share | ||||||||||||||||
Date of transaction | 22 March 2018 | ||||||||||||||||
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 | Vesting 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 |
| ||||||||||||||||
Aggregated information | 54,423 shares vested. 25,678 shares sold at £2.6178. | ||||||||||||||||
Date of transaction | 22 March 2018 | ||||||||||||||||
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 | Managing Director - Virgin Money Digital Bank | ||||||||||||||||
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 | Vesting 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 |
| ||||||||||||||||
Aggregated information | 71,310 shares vested. 33,644 shares sold at £2.6178 per share. | ||||||||||||||||
Date of transaction | 22 March 2018 | ||||||||||||||||
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 | Social Enterprise 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 | Vesting 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 |
| ||||||||||||||||
Aggregated information | 46,191 shares vested. 21,800 shares sold at £2.6178 per share | ||||||||||||||||
Date of transaction | 22 March 2018 | ||||||||||||||||
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 | Vesting 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 |
| |||||||||||||
Aggregated information | 49,040 shares vested. 23,132 shares sold at £2.6178. | |||||||||||||
Date of transaction | 22 March 2018 | |||||||||||||
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 | Vesting 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 |
| ||||||||||||||||
Aggregated information | 61,429 shares vested. 28,986 shares sold at £2.6178. | ||||||||||||||||
Date of transaction | 22 March 2018 | ||||||||||||||||
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]
Related Shares:
Virgin Money Holdings