Paragon Banking Group PLC Director/PDMR Shareholding (1053Y)

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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September 04, 2020 07:31 ET (11:31 GMT)