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RNS Number : 0133B
Virgin Money Holdings (UK) PLC
17 September 2018
 

 

 

 

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 Relations
Adam Key
020 7111 1311 or
[email protected]

 

Virgin Money Company Secretary
Katie Marshall
0191 279 6482 or
[email protected]

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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