1st Apr 2016 14:00
1 April 2016
Virgin Money Holdings (UK) PLC (the Company)
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
This notification is made in accordance with DTR3.1.4R (1) (a).
The structure of the Company's Remuneration Policy is set out in detail in the Directors' Remuneration Report on pages 112 to 121 of the annual report and accounts for the financial year ended 31 December 2015 (the "Annual Report & Accounts") which was published on 2 March 2016 and can be found on the Investor Relations part of the Company's website www.virginmoney.com.
On 31 March 2016, an individual buy out award, to compensate for forfeited awards from previous employment, over ordinary shares of £0.0001 each in the capital of the Company vested in favour of the PDMR set out in the table below. The award had previously been granted to the PDMR to compensate for forfeited awards from previous employment.
Following the vesting of this award the Company's nominated broker, Equiniti Financial Services Limited has notified the Company, that on 31 March 2016, it has sold sufficient shares on behalf of the participant, inter alia, to satisfy the tax liabilities arising on vesting of the award and that the net balance of shares have been transferred to the PDMR. The sale of these shares was undertaken at 369.08 pence per share:
PDMR | No. of vested shares | No. of vested shares sold to cover tax liability | Net No. of shares transferred |
Michele Greene | 72,910 | 34,389 | 38,521 |
The transaction took place in the UK and the shares are listed on the London Stock Exchange.
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