REG - Vanquis Banking Grp - Director/PDMR Shareholding

Vanquis BankingAnnouncement

11/09/2023 11:45

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RNS Number : 8771L  Vanquis Banking Group PLC  11 September 2023

Vanquis Banking Group plc ("the Company")

Director/PDMR Transaction - Initial Notification

 

The Company announces that it has granted the following awards on 8 September
2023 over the Company's ordinary shares of 20 8/11p ("Shares") as follows:

 

1.   nil-cost options over 964,095 Shares for no consideration to Ian
McLaughlin, who is a director/person discharging managerial responsibility
("PDMR") in the Company, under the 2020 Restricted Share Plan (the "RSP
Options");

 

2.   market value options linked to the RSP Options over  54,844 Shares for
no consideration to Ian McLaughlin, who is a director and PDMR in the Company,
under the 2020 Restricted Share Plan  (the "CSOP Options"); and

 

The RSP Options and CSOP Options work on the basis that the total number of
Shares over which the RSP Options and CSOP Options may be exercised cannot
exceed that number of Shares as on the grant date had a market value equal to
the total number of Shares covered by the RSP Option and CSOP Options less the
exercise price payable under the CSOP 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 1 September
2023 and 7 September 2023 of £1.0756, discounted from that price at grant to
reflect the absence of dividend equivalents during the vesting period.

 

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 and linked share options under the 2020

                                                            Restricted Share Plan.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £0        964,095
                                                                   £1.0940   54,844
 d)   Aggregated information

      - Aggregated volume                                          1,018,939

      - Price                                                      £59,999.34

 e)   Date of the transaction                                      8 September 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

1,018,939

 

£59,999.34

e)

 

Date of the transaction

8 September 2023

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:

11 September 2023

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