REG - Paragon Banking Grp - Director/PDMR Shareholding
18/03/2022 18:00
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RNS Number : 3470F Paragon Banking Group PLC 18 March 2022
18 March 2022
Paragon Banking Group PLC
Director Shareholding
On 18 March 2022, the Company's Executive Directors exercised awards granted
under the Paragon Performance Share Plan 2013 ("PPSP") and the Paragon
Deferred Share Bonus Plan 2013 ("PDSBP"). The awards exercised were granted
as nil-cost options over Ordinary Shares of £1.00 each in the Company
("Shares") with the exception of the tax-qualifying CSOP of 4,186 Shares, with
an exercise price of £4.7776 per Share, which was included as part of the
2017 PPSP award.
Sufficient Shares were sold on the London Stock Exchange, at a price of
£4.957 per Share, to cover tax withholding obligations and the balance of
Shares was retained by each director.
Director Award type Date of grant Date of vesting Number of Shares Exercised Number of Shares sold Number of Shares retained
N S Terrington PDSBP 01/12/2016 01/12/2019 44,493 20,954 23,539
N S Terrington PDSBP 08/12/2017 03/12/2020 42,055 19,806 22,249
N S Terrington PDSBP 14/12/2018 14/12/2021 52,349 24,654 27,695
N S Terrington PPSP 01/12/2016 01/12/2019 142,090 66,917 75,173
N S Terrington PPSP 08/12/2017 03/12/2020 151,853* 73,667 78,186
N S Terrington PPSP 14/12/2018 14/12/2021 220,341 103,769 116,572
R J Woodman PDSBP 01/12/2016 01/12/2019 26,742 12,595 14,147
R J Woodman PDSBP 08/12/2017 03/12/2020 25,517 12,018 13,499
R J Woodman PDSBP 14/12/2018 14/12/2021 31,800 14,977 16,823
R J Woodman PPSP 01/12/2016 01/12/2019 157,546 74,196 83,350
R J Woodman PPSP 08/12/2017 03/12/2020 97,137* 47,879 49,258
R J Woodman PPSP 14/12/2018 14/12/2021 138,767 65,352 73,415
*the total shown includes the exercise of the linked CSOP award of 4,186
shares with an exercise price of £4.7776 per Share and the number of shares
delivered under the linked PSP award was reduced at the point of exercise to
achieve the same pre-tax value.
For further information, please contact:
Carolyn Sharpe, Senior Assistant Company Secretary
Tel: 07984 810427
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/ Amendment Initial notification
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
Transaction 1
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Exercise of 139,897 nil-cost options granted under the Paragon Deferred Share
Bonus Plan ("PDSBP")
d) Price(s) and volume(s) Price Volume
£0.00 138,897
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Exercise of 510,098 nil-cost options granted under the Paragon Performance
Share Plan ("PPSP")
d) Price(s) and volume(s) Price Volume
£0.00 510,098
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside a trading venue
Transaction 3
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with
exercise price of 4.7776 per Share
d) Price(s) and volume(s) Price Volume
£4.7776 4,186
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside a trading venue
Transaction 4
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Abatement of 92 shares under the 2017 PSP linked award to allow for the
exercise of the 2017 CSOP
d) Price(s) and volume(s) Price Volume
£4.957 147,667
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction London Stock Exchange - Main Market (XLON)
Transaction 5
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Retention of 343,414 shares following the aforementioned exercise of options
under the PDSP and PPSP
d) Price(s) and volume(s) Price Volume
£4.957 343,414
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside of a trading venue
Transaction 6
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Sale of 309,767 shares to cover tax withholding obligations arising from the
aforementioned exercise of options under the PDSP and PPSP
d) Price(s) and volume(s) Price Volume
£4.957 309,767
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction London Stock Exchange - Main Market (XLON)
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of 510,098 nil-cost options granted under the Paragon Performance
Share Plan ("PPSP")
d)
Price(s) and volume(s)
Price Volume
£0.00 510,098
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 3
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with
exercise price of 4.7776 per Share
d)
Price(s) and volume(s)
Price Volume
£4.7776 4,186
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 4
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Abatement of 92 shares under the 2017 PSP linked award to allow for the
exercise of the 2017 CSOP
d)
Price(s) and volume(s)
Price Volume
£4.957 147,667
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
Transaction 5
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Retention of 343,414 shares following the aforementioned exercise of options
under the PDSP and PPSP
d)
Price(s) and volume(s)
Price Volume
£4.957 343,414
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside of a trading venue
Transaction 6
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Sale of 309,767 shares to cover tax withholding obligations arising from the
aforementioned exercise of options under the PDSP and PPSP
d)
Price(s) and volume(s)
Price Volume
£4.957 309,767
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
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/ Amendment Initial notification
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
Transaction 1
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Exercise of 84,059 nil-cost options granted under the Paragon Deferred Share
Bonus Plan ("PDSBP")
d) Price(s) and volume(s) Price Volume
£0.00 84,059
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Exercise of 389,264 nil-cost options granted under the Paragon Performance
Share Plan ("PPSP")
d) Price(s) and volume(s) Price Volume
£0.00 389,264
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside a trading venue
Transaction 3
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with
exercise price of 4.7776 per Share
d) Price(s) and volume(s) Price Volume
£4.7776 4,186
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside a trading venue
Transaction 4
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Abatement of 77 shares under the 2017 PSP linked award to allow for the
exercise of the 2017 CSOP
d) Price(s) and volume(s) Price Volume
£4.957 92,951
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction London Stock Exchange - Main Market (XLON)
Transaction 5
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Retention of 250,492 shares following the aforementioned exercise of options
under the PDSP and PPSP
d) Price(s) and volume(s) Price Volume
£4.957 250,492
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction Outside of a trading venue
Transaction 6
a) Description of the financial instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
c) Nature of the transaction Sale of 227,017 shares to cover tax withholding obligations arising from the
aforementioned exercise of options under the PDSP and PPSP
d) Price(s) and volume(s) Price Volume
£4.957 227,017
e) Aggregated information N/A
- Aggregated volume
- Price
f) Date of the transaction 18 March 2022
g) Place of the transaction London Stock Exchange - Main Market (XLON)
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of 389,264 nil-cost options granted under the Paragon Performance
Share Plan ("PPSP")
d)
Price(s) and volume(s)
Price Volume
£0.00 389,264
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 3
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with
exercise price of 4.7776 per Share
d)
Price(s) and volume(s)
Price Volume
£4.7776 4,186
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 4
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Abatement of 77 shares under the 2017 PSP linked award to allow for the
exercise of the 2017 CSOP
d)
Price(s) and volume(s)
Price Volume
£4.957 92,951
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
Transaction 5
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Retention of 250,492 shares following the aforementioned exercise of options
under the PDSP and PPSP
d)
Price(s) and volume(s)
Price Volume
£4.957 250,492
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside of a trading venue
Transaction 6
a)
Description of the financial instrument, type of instrument Identification
code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Sale of 227,017 shares to cover tax withholding obligations arising from the
aforementioned exercise of options under the PDSP and PPSP
d)
Price(s) and volume(s)
Price Volume
£4.957 227,017
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
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