REG - Paragon Banking Grp - Director/PDMR Shareholding <Origin Href="QuoteRef">PARA.L</Origin>

Paragon BankingAnnouncement

11/12/2017 12:15

RNS Number : 9791Y
Paragon Banking Group PLC
11 December 2017
Paragon Banking Group PLC:
Director Shareholding
On 8 December 2017, Paragon Banking Group PLC (the "Company") granted awards over the Company's Ordinary Shares of 1.00 each to the following directors under the Paragon Performance Share Plan 2013 ("PPSP") and under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP") in respect of bonuses for the year ended 30 September 2017.
Director
Role
Number of shares awarded under PPSP
Number of shares awarded under PDSBP
N S Terrington
Chief Executive
205,192
42,055
R J Woodman
Chief Financial Officer
129,227
25,517
J A Heron
Managing Director - Mortgages
109,401
19,217
No consideration was paid for the grant of the awards, which have been structured as nil-cost options.
On the same date, each participant was granted a tax qualifying option ("CSOP Option") as part of the above PPSP award over 6,279 shares at a per share exercise price of 4.7776. Each CSOP Option is subject to performance targets that apply to the nil-cost option part of the awards. If a CSOP Option is exercised at a gain, the number of shares that may be delivered under the above associated nil-cost option will be reduced at exercise by the same value to ensure that the total pre-tax value is not increased by the grant of the CSOP Option.
The awards will normally vest on the third anniversary of grant, subject, in the case of the PPSP awards and CSOP Options, to the satisfaction of the applicable performance conditions, and will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.
Enquiries:
Pandora Sharp
Company Secretary
0121 712 2075
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 (PDMR)
b) 
Initial notification /Amendment 
Initial notification
3 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
a) 
Name 
Paragon Banking Group PLC
b) 
LEI 
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 instrument, type of instrument 
Ordinary Shares of 1.00 each in Paragon Banking Group PLC


Identification code
GB00B2NGPM57

b) 
Nature of the transaction 
Grant of awards, in the form of nil-cost options and tax qualifying CSOP options at a per share exercise price of 4.7776, under the Paragon Performance Share Plan ("PPSP").
Grant of awards, in the form of nil-cost options, under the Paragon Deferred Share Bonus Plan ("PDSBP").
The awards will normally vest on the third anniversary of the grant and will ordinarily remain exercisable until the day before the tenth anniversary of the date of grant.
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

PPSP - 0.00
CSOP - 0.00
PDSBP - 0.00
PPSP - 205,192
CSOP - 6,279
PDSBP - 42,055

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e)
Date of the transaction 
8 December 2017
f) 
Place of the transaction 
Outside a trading venue
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 /Amendment 
Initial notification
3 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
a) 
Name 
Paragon Banking Group PLC
b) 
LEI 
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 instrument, type of instrument 
Ordinary Shares of 1.00 each in Paragon Banking Group PLC


Identification code
GB00B2NGPM57

b) 
Nature of the transaction 
Grant of awards, in the form of nil-cost options and tax qualifying CSOP options at a per share exercise price of 4.7776, under the Paragon Performance Share Plan ("PPSP").
Grant of awards, in the form of nil-cost options, under the Paragon Deferred Share Bonus Plan ("PDSBP").
The awards will normally vest on the third anniversary of the grant and will ordinarily remain exercisable until the day before the tenth anniversary of the date of grant.
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

PPSP - 0.00
CSOP - 0.00
PDSBP - 0.00
PPSP - 129,227
CSOP - 6,279
PDSBP - 25,517

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e)
Date of the transaction 
8 December 2017
f) 
Place of the transaction 
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a) 
Name 
John Andrew Heron
2 
Reason for the notification 
a) 
Position/status 
Managing Director - Mortgages (PDMR)
b) 
Initial notification /Amendment 
Initial notification
3 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
a) 
Name 
Paragon Banking Group PLC
b) 
LEI 
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 instrument, type of instrument 
Ordinary Shares of 1.00 each in Paragon Banking Group PLC


Identification code
GB00B2NGPM57

b) 
Nature of the transaction 
Grant of awards, in the form of nil-cost options and tax qualifying CSOP options at a per share exercise price of 4.7776, under the Paragon Performance Share Plan ("PPSP").
Grant of awards, in the form of nil-cost options, under the Paragon Deferred Share Bonus Plan ("PDSBP").
The awards will normally vest on the third anniversary of the grant and will ordinarily remain exercisable until the day before the tenth anniversary of the date of grant.
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

PPSP - 0.00
CSOP - 0.00
PDSBP - 0.00
PPSP - 109,401
CSOP - 6,279
PDSBP - 19,217

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e)
Date of the transaction 
8 December 2017
f) 
Place of the transaction 
Outside a trading venue

This information is provided by RNS
The company news service from the London Stock Exchange
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