1st Apr 2015 18:04
1 April 2015
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).
On 31 March 2015 individual share based recruitment awards over ordinary shares of £0.0001 each in the capital of the Company vested in favour of the PDMRs set out in the table below. The awards had previously been granted to the PDMRs to compensate for forfeited awards from previous employment.
Following the vesting of these shares, RBC cees Trustee Limited, as Trustee of the Virgin Money Employee Benefit Trust, notified the Company today, 1 April 2015, that sufficient shares were sold on behalf of the PDMRs, inter alia, to satisfy the tax liabilities arising on vesting of the shares and that the net balance of shares have been transferred to the PDMRs. The sale of these shares was undertaken at 397.58 pence per share:
PDMR | No. of vested shares | No. of vested shares sold to cover tax liability | Net No. of shares transferred |
*Lee Rochford | 106,720 | 50,312 | 56,408 |
Michele Greene | 45,230 | 21,324 | 23,906 |
*Denotes Director of the Company
As a result of the above, the interest in shares (excluding unvested awards) of the following Director is as follows:
Lee Rochford 207,847
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