Virgin Money Holdings (UK) PLC Director/PDMR Shareholding (1442M)

TIDMVM.

RNS Number : 1442M

Virgin Money Holdings (UK) PLC

26 July 2017

26 July 2017

VIRGIN MONEY HOLDINGS (UK) PLC (the Company)

ISIN: GB00BQ8P0644

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

VESTINGS UNDER THE DEFERRED BONUS SHARE PLAN (DBSP) RECRUITMENT AWARDs

On 25 July 2017, a vesting took place under the DBSP in respect of an award made to Peter Bole (a PDMR of the Company) under the terms of his appointment by the Company to compensate for forfeited awards from previous employment.

Following receipt of notification on 25 July 2017, details of the shares that vested and the portion sold to cover tax are included in the detailed disclosures below.

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:                             Peter Bole 
--------------------------------  ----------------------------------- 
      2. Reason for the notification 
--------------------------------------------------------------------- 
 Position/status                   Chief Financial Officer 
--------------------------------  ----------------------------------- 
 Initial notification/amendments   Initial notification 
--------------------------------  ----------------------------------- 
      3. Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
--------------------------------------------------------------------- 
 Name of legal                     Virgin Money Holdings (UK) plc 
  entity 
--------------------------------  ----------------------------------- 
 Legal Entity Identifier           213800TAU9ZX2WZNCO64 
  code 
--------------------------------  ----------------------------------- 
      4. Details of the transaction(s) 
--------------------------------------------------------------------- 
 Description of financial            Ordinary shares of 0.01p each 
  instrument, type 
  of instrument 
----------------------------------  --------------------------------- 
 Identification code                 GB00BQ8P0644 
----------------------------------  --------------------------------- 
 Nature of transaction               Receipt of shares and subsequent 
                                      sale of shares to cover tax 
                                      liabilities on vesting of 
                                      share awards made under the 
                                      Deferred Bonus Share Plan 
                                      (DBSP). 
----------------------------------  --------------------------------- 
 Currency                            GBP 
----------------------------------  --------------------------------- 
 Price and volume                    15,810 shares vested. 7,458 
                                      shares sold to cover tax at 
                                      GBP2.9840 per share. 
----------------------------------  --------------------------------- 
 Aggregated information              See above 
----------------------------------  --------------------------------- 
 Date of transaction                 25 July 2017 
----------------------------------  --------------------------------- 
 Place of transaction                London Stock Exchange (XLON) 
----------------------------------  --------------------------------- 
 
 

Enquiries:

Virgin Money Investor Relations

Adam Key

020 7111 1311 or [e-mail]

Virgin Money Company Secretary

Katie Marshall

0191 279 6482 or [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 26, 2017 06:00 ET (10:00 GMT)