REG - Paragon Banking Grp - Director/PDMR Shareholding
05/03/2026 10:00
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RNS Number : 4959V Paragon Banking Group PLC 05 March 2026
5 March 2026
Paragon Banking Group PLC
Director Shareholding
Granting of LTIP awards
On 4 March 2026, 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 2023 ("PPSP").
Director Role Number of shares awarded under PPSP
N S Terrington Chief Executive Officer 206,478
R J Woodman Chief Financial Officer 130,465
No consideration was paid for the grant of the awards, which have been
structured as nil-cost options.
The number of shares subject to each PPSP award is based on a share price of
£7.996 which was the average closing mid-market price of the Company's shares
on each of the five dealing days following the announcement of the Company's
results for the year ended 30 September 2025. The PPSP awards will vest
subject to the satisfaction of performance conditions, which will be measured
over the period of three financial years ending on 30 September 2028. The
awards, to the extent they vest, will become exercisable in tranches as
follows: -
Proportion of vested Shares Normal Vesting date Holding Period
75% Third anniversary of date of grant Two years from the Vesting date
25% Fourth anniversary of date of grant One year from the Vesting date
The PPSP awards will, ordinarily, remain exercisable until the day before the
tenth anniversary of the date of grant. Shares subject to the post-vesting
holding period will operate with all associated shareholder rights, with the
exception of the right to transfer or sell shares, which will only be
permissible at the end of holding period, after which the shares can then be
transferred or sold.
Transfer of shares
Following approval of the Company's Remuneration Policy, at its Annual General
Meeting held on 4 March 2026, the shares acquired by the directors under the
Company's previous Salary in Shares arrangement (and prior to that its Role
Based Allowance arrangement) became fully transferable. The directors have
arranged for all shares acquired under these arrangements to be transferred as
follows: -
Director Total number of shares transferred Transferred to spouse (PCA)
N S Terrington 44,584 Mrs J Terrington
R J Woodman 28,228 Mrs S Woodman
Enquiries:
Carolyn Sharpe
Deputy 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
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
b) Nature of the transaction Grant of awards, in the form of nil-cost options, under the Paragon
Performance Share Plan ("PPSP").
c) Price(s) and volume(s) Price Volume
£0.00 206,478
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 4 March 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
4 March 2026
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name i. Nigel Stewart Terrington (PDMR)
ii. Jacqueline Terrington (PCA)
2 Reason for the notification
a) Position/status i. PDMR - Chief Executive Officer
ii. PCA - spouse to 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 each in Paragon Banking Group PLC
Identification code GB00B2NGPM57
b) Nature of the transaction i. Transfer of 44,584 shares to PCA.
ii. Receipt of gift of 44,584 shares from PDMR.
Following these transactions, Nigel Terrington retains an interest in
1,385,898 shares.
c) Price(s) and volume(s)
Price(s) Volume(s)
£0 44,584
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 4 March 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
4 March 2026
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
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 instrument, type of instrument Identification Ordinary shares of £1.00 each in Paragon Banking Group PLC
code
GB00B2NGPM57
Identification code
b) Nature of the transaction Grant of awards, in the form of nil-cost options, under the Paragon
Performance Share Plan ("PPSP").
c) Price(s) and volume(s) Price Volume
£0.00 130,465
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 4 March 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
4 March 2026
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name i. Richard James Woodman (PDMR)
ii. Susan Woodman (PCA)
2 Reason for the notification
a) Position/status i. PDMR - Chief Financial Officer
ii. PCA - spouse to 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 each in Paragon Banking Group PLC
Identification code GB00B2NGPM57
b) Nature of the transaction i. Transfer of 28,228 shares to PCA.
ii. Receipt of gift of 28,228 shares from PDMR.
Following these transactions, Richard Woodman retains an interest in 559,172
shares.
c) Price(s) and volume(s)
Price(s) Volume(s)
£0 28,228
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 4 March 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
4 March 2026
f)
Place of the transaction
Outside a trading venue
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