TIDMVANQ

RNS Number : 3447V

Vanquis Banking Group PLC

04 April 2023

Vanquis Banking Group plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that on 2 April 2023, 72,028 ordinary shares of 20 8/11p ("Shares") (comprising 67,027 vested conditional award Shares and 5,001 dividend equivalent Shares) have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020. 33,973 of those Shares were sold to satisfy income tax and national insurance contributions due on vesting ("Sell to Cover Shares"). The number of Sell to Cover Shares was calculated based on the closing mid-market price of a Share on the London Stock Exchange of GBP2.372 on 31 March 2023, being the last previous day on which the London Stock Exchange was open before the vesting date. The net remaining Shares have been retained.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Neeraj Kapur 
     --------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status             Chief Finance Officer 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        Vanquis Banking Group plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         213800U93SZC44VXN635 
     --------------------------  ------------------------------------------ 
      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 instrument,        Ordinary Shares of 20 8/11p 
       type of instrument 
                                    GB00B1Z4ST84 
       Identification code 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   (1) Vesting of a conditional award 
                                   by the Company over 67,027 shares 
                                   under a Buy Out Award Agreement together 
                                   with their associated 5,001 dividend 
                                   equivalent Shares. 
 
                                   (2) Subsequent sale of 33,973 Shares 
                                   to satisfy income tax and national 
                                   insurance contributions due on vesting 
                                   of the Buy Out Award. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0        72,028 
                                                ---------- 
                                     GBP2.372    33,973 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                     Acquisition       Sale 
                                      on vesting 
       - Aggregated volume             72,028         33,973 
       - Price                                    ------------- 
                                         Nil       GBP80,583.96 
                                                  ------------- 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2 April 2023 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    (1) Outside a trading venue 
                                   (2) London Stock Exchange 
     --------------------------  ------------------------------------------

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification :

4 April 2023

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END

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April 04, 2023 08:30 ET (12:30 GMT)

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