Paragon Banking Group PLC

Remuneration Information • Mar 29, 2023

National Storage Mechanism | Additional information

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 (1 October 2022 to 31 March 2023 minus value of RBA payment made 22 December 2022)	Number of Shares acquired with the after tax value of the SIS payment
N S Terrington	£57,126	5,971
R J Woodman	£35,708	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	Transferred to spouse (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

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Stewart Terrington

2

Reason for the notification

a)

Position/status

Chief Executive Officer (PDMR)

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer

a)

Name

Paragon Banking Group PLC

b)

LEI code 

213800S1TDKIB1IUTS72

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

Identification code

Ordinary shares of £1.00 each in Paragon Banking Group PLC ("Shares")

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
£5.07	5,971

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

29 March 2023

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

i.              Nigel Stewart Terrington (PDMR)

ii.             Jacqueline Terrington (PCA)

2

Reason for the notification

a)

Position/status

i.              PDMR - Chief Executive Officer

ii.             PCA - spouse to PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Paragon Banking Group PLC

b)

LEI

213800S1TDKIB1IUTS72

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

Identification code

Ordinary Shares of £1 each in Paragon Banking Group PLC

GB00B2NGPM57

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)
£0	1,542

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

29 March 2023

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard James Woodman

2

Reason for the notification

a)

Position/status

Chief Financial Officer (PDMR)

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer

a)

Name

Paragon Banking Group PLC

b)

LEI code 

213800S1TDKIB1IUTS72

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

Identification code

Ordinary shares of £1.00 each in Paragon Banking Group PLC ("Shares")

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
£5.07	3,732

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

29 March 2023

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

i.              Richard James Woodman (PDMR)

ii.             Susan Woodman (PCA)

2

Reason for the notification

a)

Position/status

i.              PDMR - Chief Financial Officer

ii.             PCA - spouse to PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Paragon Banking Group PLC

b)

LEI

213800S1TDKIB1IUTS72

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

Identification code

Ordinary Shares of £1 each in Paragon Banking Group PLC

GB00B2NGPM57

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)
£0	991

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

29 March 2023

f)

Place of the transaction

Outside a trading venue

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