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Paragon Banking Group PLC
Director's Dealing • Jan 31, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 5891B
Paragon Banking Group PLC
31 January 2024
31 January 2024
Paragon Banking Group PLC
Director Shareholding
On 31 January 2024, the Company's Executive Directors exercised and sold awards granted under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP"). The awards exercised were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares") and were sold, via the London Stock Exchange, at a price of £7.056294 per share.
| Director | Date of PDSBP award | Date of vesting | Number of Shares awarded | Dividend equivalent Shares* | Number of Shares sold |
| N S Terrington | 18/12/2014 | 18/12/2017 | 52,888 | n/a | 52,888 |
| N S Terrington | 22/12/2015 | 22/12/2018 | 60,042 | n/a | 60,042 |
| N S Terrington | 11/11/2020 | 11/11/2023 | 130,361 | 14,645 | 145,006 |
| R J Woodman | 11/11/2020 | 11/11/2020 | 82,099 | 9,223 | 91,322 |
* The PDSBP awards granted in December 2020 carried the right to receive dividend equivalents, in the form of Shares, at the point of exercise.
In addition, the Company's Executive Directors sold the following Shares acquired pursuant to the Company's discretionary annual bonus arrangements, via the London Stock Exchange, at a price of £7.056294 per share.
| Director | Number of Shares acquired 6/12/2022 | Date shares available to sell | Number of Shares sold |
| N S Terrington | 44,084 | 06/12/2023 | 44,084 |
| R J Woodman | 27,764 | 06/12/2023 | 27,764 |
For further information, please contact:
Carolyn Sharpe, Deputy Company Secretary
Tel: 07984 810427
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
Transaction 1
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
b)
Nature of the transaction
Exercise of 243,291 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
c)
Price(s) and volume(s)
| Price | Volume |
| £0.00 | 243,291 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
31 January 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
b)
Nature of the transaction
Sale of 257,936 shares acquired following the aforementioned exercise of options under the PDSP (including the sale of 14,645 dividend equivalent shares arising from exercise of award)
c)
Price(s) and volume(s)
| Price | Volume |
| £7.056294 | 257,936 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
31 January 2024
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
Transaction 3
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
b)
Nature of the transaction
Sale of 44,084 shares acquired pursuant to the Company's discretionary annual bonus arrangements
Following transactions 1-3, Nigel Terrington retains a beneficial interest in 1,313,833 Ordinary Shares of £1.00 each in Paragon Banking Group PLC
c)
Price(s) and volume(s)
| Price | Volume |
| £7. 056294 | 44,084 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
31 January 2024
f)
Place of the transaction
London Stock Exchange - Main Market (XLON)
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
Transaction 1
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
b)
Nature of the transaction
Exercise of 82,088 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
c)
Price(s) and volume(s)
| Price | Volume |
| £0.00 | 82,099 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
31 January 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
b)
Nature of the transaction
Sale of 91,322 shares acquired following the aforementioned exercise of options under the PDSP (including the sale of 9,223 dividend equivalent shares arising from exercise of award)
c)
Price(s) and volume(s)
| Price | Volume |
| £7. 056294 | 91,322 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
31 January 2024
f)
Place of the transaction
London Stock Exchange- Main Market (XLON)
Transaction 3
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
b)
Nature of the transaction
Sale of 27,764 shares acquired pursuant to the Company's discretionary annual bonus arrangements
Following transactions 1-3, Richard Woodman retains a beneficial interest in 584,605 Ordinary Shares of £1.00 each in Paragon Banking Group PLC
c)
Price(s) and volume(s)
| Price | Volume |
| £7. 056294 | 27,764 |
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
31 January 2024
f)
Place of the transaction
London Stock Exchange - Main Market (XLON)
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