Virgin Money UK PLC Director/PDMR Shareholding (5457V)
03 Dezember 2019 - 4:00PM
UK Regulatory
TIDMVMUK TIDM91XR
RNS Number : 5457V
Virgin Money UK PLC
03 December 2019
VIRGIN MONEY UK PLC
(Company)
LEI: 213800ZK9VGCYYR6O495
3 December 2019
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) AND PERSONS CLOSELY
ASSOCIATED WITH THEM
The Company announces that on 2 December 2019 the following PDMR
received ordinary shares in the Company and sold a portion of the
shares received to cover his 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 relate to the final
tranche of his additional 2015 demerger award which was granted on
31 May 2016 under the Deferred Equity Plan (Plan).
For and on behalf of the Board.
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 Gavin Opperman
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR
-------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------
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 Ordinary shares of GBP0.10 each
financial instrument,
type of instrument
Identification code GB00BD6GN030
-------------------------- ------------------------------------------
b) Nature of the transaction (1) Release of Commencement award under
the Deferred Equity Plan (including
dividend equivalents)
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(1) Nil-consideration 28,759
------------------ ----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction All transactions took place on 2 December
2019
-------------------------- ------------------------------------------
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 Ordinary shares of GBP0.10 each
financial instrument,
type of instrument
Identification code GB00BD6GN030
-------------------------- ------------------------------------------
b) Nature of the transaction (2) Shares sold to cover tax liabilities
and sale costs
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(2) GBP1.805 13,565
--------- ----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction All transactions took place on 2 December
2019
-------------------------- ------------------------------------------
f) Place of the transaction London / London Stock Exchange (LON:LSE)
-------------------------- ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHZXLFBKLFEFBQ
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December 03, 2019 10:00 ET (15:00 GMT)
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