Director/PDMR Shareholding

Virgin Money UK

21/06/2024 13:51

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RNS Number : 4466T  Virgin Money UK PLC  21 June 2024

 

VIRGIN MONEY UK PLC

(Company)

 

LEI: 213800ZK9VGCYYR6O495

 

21 June 2024

 

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

 

VESTINGS UNDER THE LONG-TERM INCENTIVE PLAN (LTIP)

 

The Company announces that on 20 June 2024 David Duffy, a Director and PDMR of
the Company received ordinary shares in the Company and in line with Company
policy, a portion of the shares received was automatically sold to cover tax
liabilities 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 release of shares relates to a tranche of the
2017 LTIP award that was made in November 2017 and which was subject to a six
year deferral period and further six month regulatory hold period.

 

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                                                            David Duffy

 2    Reason for the notification

 a)   Position/status                                                 Executive Director

 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 6 year deferral tranche of the 2017 LTIP award that is subject

                                                               to a further six month regulatory hold period.

 c)   Price(s) and volume(s)

Price(s)           Volume(s)

                                                                      Nil-Consideration  14,168
 d)   Aggregated information                                          N/A

 e)   Date of the transaction                                         20 June 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 6 year deferral of

                                                                        the 2017 LTIP award that was subject to a further six month regulatory hold
                                                                                                               period.

 c)                                   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                                                               £2.146    6,683
 d)                                   Aggregated information                                                   N/A

                                      - Aggregated volume

                                      - Price

 e)                                   Date of the transaction                                                  All transactions took place on 20 June 2024

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

 

d)

Aggregated information

 

 

N/A

 

 

 

e)

 

Date of the transaction

 

20 June 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 6 year deferral of
the 2017 LTIP award that was subject to a further six month regulatory hold
period.

 

c)

Price(s) and volume(s)

 

 

 

 Price(s)  Volume(s)

 £2.146    6,683

d)

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

N/A

 

e)

Date of the transaction

 

All transactions took place on 20 June 2024

f)

Place of the transaction

 

London / London Stock Exchange (LON:LSE)

 

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