REG - Vanquis Banking Grp - Director/PDMR Shareholding

Vanquis BankingAnnouncement

09/05/2024 13:00

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RNS Number : 8315N  Vanquis Banking Group PLC  09 May 2024

Vanquis Banking Group plc ("the Company")

Director/PDMR Transaction - Initial Notification

 

The Company announces that it has granted the following awards on 7 May 2024
over the Company's ordinary shares of 20 8/11p ("Shares") as follows:

 

1.    nil-cost options over 847,599 and 643,006 Shares for no consideration
to Ian McLaughlin and David Watts respectively, who are directors/persons
discharging managerial responsibility ("PDMRs") in the Company, under the 2020
Restricted Share Plan (the "RSP Options").

 

The number of ordinary shares awarded under the RSP Options is based on the
average closing share price on the London Stock Exchange between 29 April 2024
and 3 May 2024 of £0.4790. The number of shares granted reflects a downwards
adjustment to the grant value of the awards of 44%. In making this downwards
adjustment, the Remuneration Committee considered its internal Policy to take
into account the potential windfall gain and share dilution. A further
assessment will be made at the point of vest as part of the RSP performance
underpin. There has been no additional discount from the price at grant to
reflect the absence of dividend equivalents during the vesting period and no
market value options linked to the RSP Options have been granted under the
2020 Restricted Share Plan (CSOP Options).

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Ian McLaughlin

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Officer

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Vanquis Banking Group plc

 b)   LEI                                                          213800U93SZC44VXN635

 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 instrument, type of instrument

                                                                   Ordinary Shares of 20 8/11p

      Identification code

                                                                   GB00B1Z4ST84
 b)   Nature of the transaction                                    Acquisition of nil-cost options under the 2020 Restricted Share Plan.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £0        847,599
 d)   Aggregated information

      - Aggregated volume                                          847,599

      - Price                                                      £0

 e)   Date of the transaction                                      7 May 2024

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

847,599

 

£0

e)

 

Date of the transaction

7 May 2024

f)

 

Place of the transaction

Outside a trading venue

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         David Watts

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Vanquis Banking Group plc

 b)   LEI                                                          213800U93SZC44VXN635

 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 instrument, type of instrument

                                                                   Ordinary Shares of 20 8/11p

      Identification code

                                                                   GB00B1Z4ST84

 b)   Nature of the transaction                                    Acquisition of nil-cost options under the 2020 Restricted Share Plan.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £0        643,006
 d)   Aggregated information

      - Aggregated volume                                          643,006

      - Price                                                      £0

 e)   Date of the transaction                                      7 May 2024

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

643,006

 

£0

e)

 

Date of the transaction

7 May 2024

f)

 

Place of the transaction

Outside a trading venue

 

 

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification:

9 May 2024

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