Director/PDMR Shareholding

Virgin Money UK

22/03/2024 16:13

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RNS Number : 0282I  Virgin Money UK PLC  22 March 2024

 

VIRGIN MONEY UK PLC

(Company)

 

LEI: 213800ZK9VGCYYR6O495

 

22 March 2024

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBLITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

DEFERRED EQUITY PLAN (DEP) COMMENCEMENT AWARD

On 22 March 2024, Sarah Wilkinson, a PDMR of the Company, received ordinary
shares in the Company and a portion of the shares received were automatically
sold to cover her tax liability and sale costs.  The sale of shares to cover
tax liabilities is a standard procedure executed by the Company for all
employees to cover the statutory tax and national insurance obligations that
it is required to meet in respect of share awards.  The shares released were
a deferred tranche of the DEP Commencement Award granted in June 2023.

 

Announcement authorised for release by Lorna McMillan, Group Company
Secretary.

This announcement is made in accordance with the requirements of the FCA's DTR
Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse
Regulation.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                            Sarah Wilkinson

 2    Reason for the notification

 a)   Position/status                                                 PDMR

 b)   Initial notification /Amendment                                 Initial Notification

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

    platform, auctioneer or auction monitor

 a)   Name                                                            Virgin Money UK PLC

 b)   LEI                                                             213800ZK9VGCYYR6O495

 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 £0.10 each

      Identification code

                                                                      GB00BD6GN030
 b)   Nature of the transaction                                       Vesting of the 2023 DEP Commencement Award.

 c)   Price(s) and volume(s)

Price(s)           Volume(s)

                                                                      Nil-Consideration  23,054
 d)   Aggregated information                                          N/A

 e)   Date of the transaction                                         22 March 2024

 f)   Place of the transaction                                        London / London Stock Exchange (LON:LSE)

 5                                    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 £0.10 each

                                      Identification code

                                                                                                      GB00BD6GN030
 b)                                   Nature of the transaction                                       Shares sold to cover tax liabilities and sale costs of the 2023 DEP

                                                               Commencement Award.

 c)                                   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                                                      £2.13     10,874
 d)                                   Aggregated information                                          N/A

                                      - Aggregated volume

                                      - Price

 e)                                   Date of the transaction                                         All transactions took place on 22 March 2024.

 f)                                   Place of the transaction                                        London / London Stock Exchange (LON:LSE)

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

22 March 2024

 

f)

 

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

5

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 code

 

Ordinary shares of £0.10 each

 

 

 

GB00BD6GN030

b)

Nature of the transaction

 

 

Shares sold to cover tax liabilities and sale costs of the 2023 DEP
Commencement Award.

 

c)

Price(s) and volume(s)

 

 

 

 Price(s)  Volume(s)

 £2.13     10,874

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 22 March 2024.

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

 

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