Paragon Banking Group PLC — Director's Dealing 2013

Dec 11, 2013

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RNS Number : 3266V

Paragon Group Of Companies PLC

11 December 2013

DIRECTOR SHAREHOLDING

This notification is made in accordance with DTR3.1.4(1)(a).

On 10 December 2013 The Paragon Group of Companies PLC granted the following awards over Ordinary Shares of £1.00 to certain directors of the Company, for nil consideration or payment, under the Company's Performance Share Plan 2013 ("PSP") and under the Deferred Annual Bonus Scheme ("DABS") in respect of the bonuses for the year ended 30 September 2013.

Director	Role	Number of shares awarded under PSP	Number of shares awarded under DABS
N S Terrington	Chief Executive	260,838	55,302
N Keen	Finance Director	195,283	40,397
J A Heron	Managing Director- Paragon Mortgages	139,051	24,258
R J Woodman	Director - Corporate Development	139,051	36,906

No consideration was paid for the grant of the awards, which have been structured as nil-cost options.

The awards will normally vest on the third anniversary of grant and will then remain exercisable until the day before the tenth anniversary of the date of grant, subject to the relevant individual's ongoing employment. The vesting of the awards under the PSP will also be subject to the Company achieving performance targets relating to the Company's total shareholder return and earnings per share performance over a three-year period.

John Gemmell

Company Secretary

Tel: 0121 712 2075

This information is provided by RNS

The company news service from the London Stock Exchange

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