2nd Dec 2014 15:07
Virgin Money Holdings (UK) plc
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
The Company announces that on 28 November 2014, RBC cees Trustee Limited as Trustee of the Virgin Money Employee Benefit Trust (the 'Trust') released an award of 105,448 ordinary shares in the Company to Darrell Evans, Commercial Director and a PDMR, in connection with the terms of his offer of employment.
On 1 December 2014, in order to meet UK income tax and national insurance liabilities, the Trust sold 49,661 of the ordinary shares released to Mr Evans. The sale was at a price of 284.75 pence per share.
The net shares are subject to holding restrictions and will therefore be retained by the Trust and released to Mr Evans as follows:
Number of shares | Percentage of Award | End of Holding Period |
18,595 | One third | 31 March 2015 |
18,596 | One third | 31 March 2016 |
18,596 | One third | 31 March 2017 |
As a result of this award, Mr Evans is beneficially interested in a total of 55,787 ordinary shares in the Company.
This notification is made pursuant to Disclosure and Transparency Rule 3.1.4R(1)(a).
Related Shares:
Virgin Money Holdings