17th Sep 2018 15:30
17 September 2018
VIRGIN MONEY HOLDINGS (UK) PLC (the Company)
ISIN: GB00BQ8P0644
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
FIXED SHARE AWARDS
On 17 September 2018, 6,645 Shares were transferred from the Company's Employee Benefit Trust in satisfaction of fixed share awards (the FSAs) awarded to Peter Bole and Hugh Chater (who are PDMRs of the Company) as part of their contractual remuneration arrangements.
The FSAs were awarded on 1 January 2018 to Peter Bole and on 1 April 2018 to Hugh Chater, to be delivered on a quarterly basis. The Shares delivered to Peter Bole and Hugh Chater are in respect of the third financial quarter of 2018.
The FSAs were satisfied on a "net-settlement" basis, such that the number of Shares Peter Bole and Hugh Chater received was calculated net of an amount equal to their income tax and National Insurance contributions liability. Details of the Shares received are included in the disclosures below.
The Shares will be subject to a twelve month holding period.
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 of the transactions are set out below.
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 | Receipt of shares as part of fixed remuneration under a contractual arrangement on a net of income tax and national insurance contributions (NICs) basis. | |
Currency | GBP | |
Price and volume | 3,291 shares at £3.95 per share | |
Aggregated information | See above | |
Date of transaction | 17 September 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 | Receipt of shares as part of fixed remuneration under a contractual arrangement on a net of income tax and national insurance contributions (NICs) basis. | |
Currency | GBP | |
Price and volume | 3,354 shares at £3.95 per share | |
Aggregated information | See above | |
Date of transaction | 17 September 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