NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
DEFERRED BONUS SHARE PLAN (DBSP) - VESTING OF AWARDS
On 12 October 2018, a DBSP award for the full year 2014 (the Award) over 9,511 ordinary shares in the Company (Shares) held by John Natalizia, a PDMR of the Company, vested in full in accordance with the rules of the DBSP. The Award vested on Court sanction of the scheme of arrangement of the Company implementing the recommended all-share offer by CYBG plc to acquire the entire issued and to be issued share capital of the Company.
The award was satisfied using Shares held in the Company employee benefit trust, and on a "net-settlement" basis, such that the number of Shares received by the PDMR was calculated net of an amount equal to the income tax and National Insurance contributions liability arising on the vesting of the Award. Details of the Shares received are included in the disclosures below.
The Shares are subject to a six-month hold period before any further sales or transfers can be effected.
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
2. Reason for the 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
4. Details of the transaction(s)
Description of financial instrument, type of instrument
Ordinary shares of 0.01p each
Nature of transaction
Vesting of a share award made under the Deferred Bonus Share Plan (DBSP).
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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