Virgin Money Holdings (UK) PLC Director/PDMR Shareholding (9161D)
October 12 2018 - 10:00AM
UK Regulatory
TIDMVM.
RNS Number : 9161D
Virgin Money Holdings (UK) PLC
12 October 2018
12 October 2018
Virgin Money Holdings (UK) PLC (the Company)
ISIN: GB00BQ8P0644
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
Name: John Natalizia
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2. Reason for the notification
Position/status PDMR
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Initial notification/amendments Initial notification
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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 213800TAU9ZX2WZNCO64
code
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4. Details of the transaction(s)
Description of financial Ordinary shares of 0.01p each
instrument, type of instrument
-----------------------------------------
Identification code GB00BQ8P0644
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Nature of transaction Vesting of a share award made
under the Deferred Bonus Share
Plan (DBSP).
-----------------------------------------
Currency GBP
-----------------------------------------
Price and volume Scheme Shares Vested Price
(net settlement)
DBSP FY14 5,040 Nil
------------------ ------
-----------------------------------------
Aggregated information 5,040 shares vested at nil cost
per share
-----------------------------------------
Date of transaction 12 October 2018
-----------------------------------------
Place of transaction London Stock Exchange (XLON)
-----------------------------------------
Enquiries:
Virgin Money Investor Relations
Adam Key
020 7111 1311 or adam.key@virginmoney.com
Virgin Money Company Secretary
Katie Marshall
0191 279 6482 or katie.marshall@virginmoney.com
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 rns@lseg.com or visit www.rns.com.
END
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