Paragon Banking Group PLC Director/PDMR Shareholding (9791Y)
December 11 2017 - 7:10AM
UK Regulatory
TIDMPAG
RNS Number : 9791Y
Paragon Banking Group PLC
11 December 2017
Paragon Banking Group PLC:
Director Shareholding
On 8 December 2017, Paragon Banking Group PLC (the "Company")
granted awards over the Company's Ordinary Shares of GBP1.00 each
to the following directors under the Paragon Performance Share Plan
2013 ("PPSP") and under the Paragon Deferred Share Bonus Plan 2013
("PDSBP") in respect of bonuses for the year ended 30 September
2017.
Director Role Number of Number of
shares awarded shares awarded
under PPSP under PDSBP
---------------- ------------------- ---------------- ----------------
N S Terrington Chief Executive 205,192 42,055
---------------- ------------------- ---------------- ----------------
Chief Financial
R J Woodman Officer 129,227 25,517
---------------- ------------------- ---------------- ----------------
Managing Director
J A Heron - Mortgages 109,401 19,217
---------------- ------------------- ---------------- ----------------
No consideration was paid for the grant of the awards, which
have been structured as nil-cost options.
On the same date, each participant was granted a tax qualifying
option ("CSOP Option") as part of the above PPSP award over 6,279
shares at a per share exercise price of GBP4.7776. Each CSOP Option
is subject to performance targets that apply to the nil-cost option
part of the awards. If a CSOP Option is exercised at a gain, the
number of shares that may be delivered under the above associated
nil-cost option will be reduced at exercise by the same value to
ensure that the total pre-tax value is not increased by the grant
of the CSOP Option.
The awards will normally vest on the third anniversary of grant,
subject, in the case of the PPSP awards and CSOP Options, to the
satisfaction of the applicable performance conditions, and will,
ordinarily, remain exercisable until the day before the tenth
anniversary of the date of grant.
Enquiries:
Pandora Sharp
Company Secretary
0121 712 2075
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Nigel Stewart Terrington
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Executive (PDMR)
--- ------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Paragon Banking Group PLC
--- ------------------------- ----------------------------------------
b) LEI 213800S1TDKIB1IUTS72
--- ------------------------- ----------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -------------------------------------------------------------------
a) Description of Ordinary Shares of GBP1.00
the financial each in Paragon Banking Group
instrument, type PLC
of instrument
---
Identification GB00B2NGPM57
code
b) Nature of the Grant of awards, in the form
transaction of nil-cost options and tax
qualifying CSOP options at
a per share exercise price
of GBP4.7776, under the Paragon
Performance Share Plan ("PPSP").
Grant of awards, in the form
of nil-cost options, under
the Paragon Deferred Share
Bonus Plan ("PDSBP").
The awards will normally
vest on the third anniversary
of the grant and will ordinarily
remain exercisable until
the day before the tenth
anniversary of the date of
grant.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s)
--- ------------------ ----------------
Price(s) Volume(s)
--- ------------------ ----------------
PPSP - GBP0.00 PPSP - 205,192
CSOP - GBP0.00 CSOP - 6,279
PDSBP - GBP0.00 PDSBP - 42,055
------------------ ----------------
d) Aggregated information N/A
---
- Aggregated volume
- Price
e) Date of the transaction 8 December 2017
--- ------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Richard James Woodman
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Financial Officer (PDMR)
--- ------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Paragon Banking Group PLC
--- ------------------------- ----------------------------------------
b) LEI 213800S1TDKIB1IUTS72
--- ------------------------- ----------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -------------------------------------------------------------------
a) Description of Ordinary Shares of GBP1.00
the financial each in Paragon Banking Group
instrument, type PLC
of instrument
---
Identification GB00B2NGPM57
code
b) Nature of the Grant of awards, in the form
transaction of nil-cost options and tax
qualifying CSOP options at
a per share exercise price
of GBP4.7776, under the Paragon
Performance Share Plan ("PPSP").
Grant of awards, in the form
of nil-cost options, under
the Paragon Deferred Share
Bonus Plan ("PDSBP").
The awards will normally
vest on the third anniversary
of the grant and will ordinarily
remain exercisable until
the day before the tenth
anniversary of the date of
grant.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s)
--- ------------------ ----------------
Price(s) Volume(s)
--- ------------------ ----------------
PPSP - GBP0.00 PPSP - 129,227
CSOP - GBP0.00 CSOP - 6,279
PDSBP - GBP0.00 PDSBP - 25,517
------------------ ----------------
d) Aggregated information N/A
---
- Aggregated volume
- Price
e) Date of the transaction 8 December 2017
--- ------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name John Andrew Heron
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Managing Director - Mortgages
(PDMR)
--- ------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Paragon Banking Group PLC
--- ------------------------- ----------------------------------------
b) LEI 213800S1TDKIB1IUTS72
--- ------------------------- ----------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -------------------------------------------------------------------
a) Description of Ordinary Shares of GBP1.00
the financial each in Paragon Banking Group
instrument, type PLC
of instrument
---
Identification GB00B2NGPM57
code
b) Nature of the Grant of awards, in the form
transaction of nil-cost options and tax
qualifying CSOP options at
a per share exercise price
of GBP4.7776, under the Paragon
Performance Share Plan ("PPSP").
Grant of awards, in the form
of nil-cost options, under
the Paragon Deferred Share
Bonus Plan ("PDSBP").
The awards will normally
vest on the third anniversary
of the grant and will ordinarily
remain exercisable until
the day before the tenth
anniversary of the date of
grant.
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s)
--- ------------------ ----------------
Price(s) Volume(s)
--- ------------------ ----------------
PPSP - GBP0.00 PPSP - 109,401
CSOP - GBP0.00 CSOP - 6,279
PDSBP - GBP0.00 PDSBP - 19,217
------------------ ----------------
d) Aggregated information N/A
---
- Aggregated volume
- Price
e) Date of the transaction 8 December 2017
--- ------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLFLFFDLFBFBV
(END) Dow Jones Newswires
December 11, 2017 07:10 ET (12:10 GMT)
Paragon Banking (LSE:PAG)
Historical Stock Chart
From Apr 2024 to May 2024
Paragon Banking (LSE:PAG)
Historical Stock Chart
From May 2023 to May 2024