29th Mar 2018 15:00
29 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 PHANTOM INCENTIVE PLAN (PIP), DEFERRED BONUS SHARE PLAN (DBSP) AND LONG TERM INCENTIVE PLAN (LTIP)
On 28 March 2018, vestings to certain PDMRs of the Company took place under (i) the PIP for the full year of 2013 (PIP FY13) (ii) the DBSP for the full year of 2014 (DBSP FY14), and (ii) the LTIP granted in 2015 (LTIP 2015). 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 29 March 2018, 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Phantom Incentive Plan (PIP), Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | ||||||||||||||||
Currency | GBP | ||||||||||||||||
Price and volume |
| ||||||||||||||||
Aggregated information | 273,196 shares vested. 128,856 shares sold at £2.5896 per share | ||||||||||||||||
Date of transaction | 28 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Phantom Incentive Plan (PIP), Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | ||||||||||||||||
Currency | GBP | ||||||||||||||||
Price and volume |
| ||||||||||||||||
Aggregated information | 51,611 shares vested. 24,345 shares sold at £2.5896 per share | ||||||||||||||||
Date of transaction | 28 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | |||||||||||||
Currency | GBP | |||||||||||||
Price and volume |
| |||||||||||||
Aggregated information | 33,510 shares vested. 15,807 shares sold at £2.5896 per share | |||||||||||||
Date of transaction | 28 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Phantom Incentive Plan (PIP), Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | ||||||||||||||||
Currency | GBP | ||||||||||||||||
Price and volume |
| ||||||||||||||||
Aggregated information | 111,352 shares vested. 52,522 shares sold at £2.5896 per share | ||||||||||||||||
Date of transaction | 28 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Phantom Incentive Plan (PIP), Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | ||||||||||||||||
Currency | GBP | ||||||||||||||||
Price and volume |
| ||||||||||||||||
Aggregated information | 49,695 shares vested. 23,441 shares sold at £2.5896 per share | ||||||||||||||||
Date of transaction | 28 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Phantom Incentive Plan (PIP), Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | ||||||||||||||||
Currency | GBP | ||||||||||||||||
Price and volume |
| ||||||||||||||||
Aggregated information | 101,820 shares vested. 48,026 shares sold at £2.5896 per share | ||||||||||||||||
Date of transaction | 28 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 and subsequent sale of shares to cover tax liabilities on vesting of share awards made under the Phantom Incentive Plan (PIP), Deferred Bonus Share Plan (DBSP) and Long Term Incentive Plan (LTIP). | ||||||||||||||||
Currency | GBP | ||||||||||||||||
Price and volume |
| ||||||||||||||||
Aggregated information | 89,969 shares vested. 42,436 shares sold at £2.5896 per share | ||||||||||||||||
Date of transaction | 28 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