Paragon Banking Group PLC Director/PDMR Shareholding (1053Y)
September 04 2020 - 7:31AM
UK Regulatory
TIDMPAG
RNS Number : 1053Y
Paragon Banking Group PLC
04 September 2020
Paragon Banking Group PLC (the "Company")
Directors' Shareholdings
Following the approval of the Company's Directors' Remuneration
Policy (the "Policy") at the 2020 Annual General Meeting, the
Company has made the first payment to the Executive Directors in
respect of the "Fixed Role-Based Allowance" (the "RBA").
As announced on 12 August 2020, reflecting shareholder feedback,
the RBA has been introduced with effect from 14 February 2020,
being the day after shareholder approval was granted at the
AGM.
The RBA is an annual allowance of GBP140,000 in the case of N S
Terrington and GBP90,000 in the case of R J Woodman, the after-tax
value of which is delivered in Ordinary Shares of GBP1.00 each in
the Company ("Shares"). The Shares acquired pursuant to the RBA
will be released to the Directors in accordance with the
Policy.
The first payment in respect of the RBA covers the period from
14 February 2020 to 30 June 2020 (both dates inclusive), as
follows:
Director Value of RBA payment Number of Shares acquired
in respect of the with the after tax
period 14 February value of the RBA payment
2020 - 30 June 2020
N S Terrington GBP52,598.74 7,987
---------------------- --------------------------
R J Woodman GBP33,807.69 5,134
---------------------- --------------------------
For further information, please contact:
Marius van Niekerk, Company Secretary
0121 712 2075
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation
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 Officer (PDMR)
------------------------------- ----------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- ----------------------------------------
3 Details of the issuer
-------------------------------------------------------------------------
a) Name Paragon Banking Group PLC
------------------------------- ----------------------------------------
b) LEI code 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 the financial Ordinary shares of GBP1.00 each
instrument, type of instrument in Paragon Banking Group PLC ("Shares")
Identification code GB00B2NGPM57
Identification code
------------------------------- ----------------------------------------
c) Nature of the transaction Acquisition of shares pursuant
to the Company's Fixed Role-Based
Allowance remuneration arrangements.
------------------------------- ----------------------------------------
d) Price(s) and volume(s) Price Volume
GBP3.4898 7,987
-------
------------------------------- ----------------------------------------
e) Aggregated information N/A
- Aggregated volume
- Price
------------------------------- ----------------------------------------
f) Date of the transaction 2020/09/02
------------------------------- ----------------------------------------
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
------------------------------- ----------------------------------------
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
-------------------------------------------------------------------------
a) Name Paragon Banking Group PLC
------------------------------- ----------------------------------------
b) LEI code 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 the financial Ordinary shares of GBP1.00 each
instrument, type of instrument in Paragon Banking Group PLC ("Shares")
Identification code GB00B2NGPM57
Identification code
------------------------------- ----------------------------------------
c) Nature of the transaction Purchase of shares pursuant to
the Company's Fixed Role-Based
Allowance remuneration arrangements.
------------------------------- ----------------------------------------
d) Price(s) and volume(s) Price Volume
GBP3.4898 5,134
-------
------------------------------- ----------------------------------------
e) Aggregated information N/A
- Aggregated volume
- Price
------------------------------- ----------------------------------------
f) Date of the transaction 2020/09/02
------------------------------- ----------------------------------------
g) Place of the transaction London Stock Exchange, Main Market
(XLON)
------------------------------- ----------------------------------------
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