TIDMPAG

RNS Number : 6654U

Paragon Banking Group PLC

29 March 2023

Paragon Banking Group PLC (the "Company")

Directors' Shareholdings

Following approval of the Company's Directors' Remuneration Policy ("the Policy"), at its 2023 Annual General Meeting, the Company has made the first payment to the Executive Directors in respect of the Salary in Shares arrangement ("SIS"). The SIS represents 20% of salary delivered in shares, purchased in quarterly instalments, and released over five years. Following approval of the Policy at the AGM, the SIS became effective from 1 October 2022. Therefore, the first purchase made under the SIS covers the period from 1 October 2022 to 31 March 2023 minus the value of the payment and purchase made under the previous Role Based Allowance arrangement ("RBA") on 22 December 2022.

 
 Director              Value of SIS payment         Number of Shares 
                    (1 October 2022 to 31 March     acquired with the 
                      2023 minus value of RBA       after tax value of 
                      payment made 22 December       the SIS payment 
                               2022) 
 N S Terrington              GBP57,126                    5,971 
                  ------------------------------  -------------------- 
 R J Woodman                 GBP35,708                    3,732 
                  ------------------------------  -------------------- 
 

Shares acquired pursuant to the RBA will continue to be released to the Executive Directors over five years and a proportion of the Shares acquired by each Executive Director, under previous RBA purchases have now been released as follows:

 
 Director         Total number of shares   Transferred to spouse 
                        transferred                (PCA) 
 N S Terrington           1,542              Mrs J Terrington 
                 -----------------------  ---------------------- 
 R J Woodman               991                 Mrs S Woodman 
                 -----------------------  ---------------------- 
 

For further information, please contact:

Carolyn Sharpe, Deputy Company Secretary

Tel: 07984 810427

29 March 2023

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 
    Details of the person discharging managerial responsibilities/person 
 1   closely associated 
a)  Name                             Nigel Stewart Terrington 
    -------------------------------  ---------------------------------------- 
    Reason for the notification 
 2 
    ------------------------------------------------------------------------- 
a)  Position/status                  Chief Executive Officer (PDMR) 
    -------------------------------  ---------------------------------------- 
b)  Initial notification/             Initial notification 
     Amendment 
    -------------------------------  ---------------------------------------- 
    Details of the issuer 
 3 
    ------------------------------------------------------------------------- 
a)  Name                             Paragon Banking Group PLC 
    -------------------------------  ---------------------------------------- 
b)  LEI code                         213800S1TDKIB1IUTS72 
    -------------------------------  ---------------------------------------- 
    Details of the transaction(s): section to be repeated 
 4   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     Ordinary shares of GBP1.00 each 
     instrument, type of instrument   in Paragon Banking Group PLC ("Shares") 
     Identification code              GB00B2NGPM57 
    -------------------------------  ---------------------------------------- 
c)  Nature of the transaction        Purchase of shares pursuant to 
                                      the Company's Salary in Shares 
                                      remuneration arrangements. 
    -------------------------------  ---------------------------------------- 
d)  Price(s) and volume(s)            Price      Volume 
                                       GBP5.07    5,971 
                                                 ------- 
    -------------------------------  ---------------------------------------- 
e)  Aggregated information           N/A 
     - Aggregated volume 
     - Price 
    -------------------------------  ---------------------------------------- 
f)  Date of the transaction          29 March 2023 
    -------------------------------  ---------------------------------------- 
g)  Place of the transaction         London Stock Exchange, Main Market 
                                      (XLON) 
    -------------------------------  ---------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             i. Nigel Stewart Terrington (PDMR) 
                                        ii. Jacqueline Terrington (PCA) 
     --------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status                  i. PDMR - Chief Executive Officer 
                                        ii. PCA - spouse to PDMR 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        Paragon Banking Group PLC 
     --------------------------  ------------------------------------------ 
 b)   LEI                         213800S1TDKIB1IUTS72 
     --------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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 GBP1 each in Paragon 
       financial instrument,       Banking Group PLC 
       type of instrument 
                                   GB00B2NGPM57 
       Identification code 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction        i. Transfer of 1,542 shares to PCA. 
                                        ii. Receipt of gift of 1,542 shares 
                                        from PDMR. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0        1,542 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     29 March 2023 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------ 
 
 
    Details of the person discharging managerial responsibilities/person 
 1   closely associated 
a)  Name                             Richard James Woodman 
    -------------------------------  ---------------------------------------- 
    Reason for the notification 
 2 
    ------------------------------------------------------------------------- 
a)  Position/status                  Chief Financial Officer (PDMR) 
    -------------------------------  ---------------------------------------- 
b)  Initial notification/             Initial notification 
     Amendment 
    -------------------------------  ---------------------------------------- 
    Details of the issuer 
 3 
    ------------------------------------------------------------------------- 
a)  Name                             Paragon Banking Group PLC 
    -------------------------------  ---------------------------------------- 
b)  LEI code                         213800S1TDKIB1IUTS72 
    -------------------------------  ---------------------------------------- 
    Details of the transaction(s): section to be repeated 
 4   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     Ordinary shares of GBP1.00 each 
     instrument, type of instrument   in Paragon Banking Group PLC ("Shares") 
     Identification code              GB00B2NGPM57 
    -------------------------------  ---------------------------------------- 
c)  Nature of the transaction        Purchase of shares pursuant to 
                                      the Company's Salary in Shares 
                                      remuneration arrangements. 
    -------------------------------  ---------------------------------------- 
d)  Price(s) and volume(s)            Price      Volume 
                                       GBP5.07    3,732 
                                                 ------- 
    -------------------------------  ---------------------------------------- 
e)  Aggregated information           N/A 
     - Aggregated volume 
     - Price 
    -------------------------------  ---------------------------------------- 
f)  Date of the transaction          29 March 2023 
    -------------------------------  ---------------------------------------- 
g)  Place of the transaction         London Stock Exchange, Main Market 
                                      (XLON) 
    -------------------------------  ---------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             i. Richard James Woodman (PDMR) 
                                        ii. Susan Woodman (PCA) 
     --------------------------  ---------------------------------------- 
      Reason for the notification 
  2 
     -------------------------------------------------------------------- 
 a)   Position/status                  i. PDMR - Chief Financial Officer 
                                        ii. PCA - spouse to PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Paragon Banking Group PLC 
     --------------------------  ---------------------------------------- 
 b)   LEI                         213800S1TDKIB1IUTS72 
     --------------------------  ---------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 GBP1 each in Paragon 
       financial instrument,       Banking Group PLC 
       type of instrument 
                                   GB00B2NGPM57 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction        i. Transfer of 991 shares to PCA. 
                                        ii. Receipt of gift of 991 shares 
                                        from PDMR. 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0        991 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     29 March 2023 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 

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END

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March 29, 2023 10:35 ET (14:35 GMT)

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