TIDMVMUK TIDM91XR

RNS Number : 1895B

Virgin Money UK PLC

28 January 2020

VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

28 January 2020

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

2019 Long Term Incentive Plan Awards

The Company announces that on 28 January 2020 the following PDMR was granted the award noted below under the Company's Long Term Incentive Plan (LTIP) in order to correct an administrative oversight from the original grant on 9 December 2019.

The 2019 LTIP share bonus award is in the form of rights to acquire Ordinary Shares of GBP0.10 each in the Company, subject to a three-year performance period with vesting between the third and seventh anniversary of the award, on a pro-rata basis, from the original date of grant.

The number of rights awarded was based on the middle market share price the day prior to 9 December (the date of grant of the original awards) being GBP1.745, discounted to reflect the absence of dividend equivalents during the deferral period.

Summary of Awards

 
 PDMRs            Number of additional shares 
                   awarded under the 2019 LTIP 
 Fraser Ingram               36,908 
                 -----------------------------

Announcement authorised for release by Lorna McMillan, Group Company Secretary

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                        Fraser Ingram 
     --------------------------  ----------------------------------------- 
 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   Grant in relation to the 2019 LTIP under 
                                   the LTIP 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.745     36,908 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      N/A 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     28 January 2020 
     --------------------------  ----------------------------------------- 
 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

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