20th Dec 2016 14:00
20 December 2016
Virgin Money Holdings (UK) plc
(Virgin Money or the Company)
ISIN: GB00BQ8P0644
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
On 19 December 2016, the fourth and final tranche of the Virgin Money IPO Incentive Scheme vested. The following shares were awarded to the PDMRs in relation to the vesting of share awards:
Participant | No. of Shares vesting |
Jayne-Anne Gadhia | 66,643 |
David Dyer | 26,658 |
Matt Elliott | 26,658 |
Michele Greene | 26,658 |
Caroline Marsh | 26,658 |
Marian Martin | 26,658 |
Mark Parker | 26,658 |
The Company was notified of the sales of shares to satisfy the income tax and national insurance contributions owed by the PDMRs. 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 sold to cover the tax liabilities arising on the share vests are provided in the detailed disclosure below.
The 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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 31,433 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
Place of transaction | London Stock Exchange (XLON) | |
1. Details of the person discharging managerial responsibilities/person closely associated | ||
Name: | David Dyer | |
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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 12,574 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 12,574 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
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 Development | |
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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 12,574 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
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 and Social Enterprise | |
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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 12,574 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 12,574 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
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 | Sale of shares to cover tax liabilities on vesting of share award | |
Currency | GBP | |
Price and volume | 12,574 shares at £3.0285 | |
Aggregated information | See above | |
Date of transaction | 19 December 2016 | |
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