Virgin Money UK PLC Director/PDMR Shareholding (5457V)

TIDMVMUK TIDM91XR

RNS Number : 5457V

Virgin Money UK PLC

03 December 2019

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

3 December 2019

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on 2 December 2019 the following PDMR received ordinary shares in the Company and sold a portion of the shares received to cover his tax liability and sale costs. The sale of shares to cover tax liabilities is a standard procedure executed by the Company for all employees to cover the statutory tax and national insurance obligations that it is required to meet in respect of share awards. The shares released relate to the final tranche of his additional 2015 demerger award which was granted on 31 May 2016 under the Deferred Equity Plan (Plan).

For and on behalf of the Board.

Lorna McMillan

Group Company Secretary

This announcement is made in accordance with the requirements of the FCA's DTR Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Gavin Opperman 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             PDMR 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        Virgin Money UK PLC 
     --------------------------  ------------------------------------------ 
 b)   LEI                         213800ZK9VGCYYR6O495 
     --------------------------  ------------------------------------------ 
 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          Ordinary shares of GBP0.10 each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BD6GN030 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   (1) Release of Commencement award under 
                                   the Deferred Equity Plan (including 
                                   dividend equivalents) 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)            Volume(s) 
                                     (1)   Nil-consideration   28,759 
                                          ------------------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information      N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     All transactions took place on 2 December 
                                   2019 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    London / London Stock Exchange (LON:LSE) 
     --------------------------  ------------------------------------------ 
 5    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          Ordinary shares of GBP0.10 each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BD6GN030 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   (2) Shares sold to cover tax liabilities 
                                   and sale costs 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)   Volume(s) 
                                     (2)   GBP1.805   13,565 
                                          ---------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information      N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     All transactions took place on 2 December 
                                   2019 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    London / London Stock Exchange (LON:LSE) 
     --------------------------  ------------------------------------------ 
 

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 [e-mail] or visit www.rns.com.

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December 03, 2019 10:00 ET (15:00 GMT)