Paragon Banking Group PLC

Director's Dealing • Dec 7, 2023

National Storage Mechanism | Additional information

RNS Number : 0495W

Paragon Banking Group PLC

07 December 2023

Paragon Banking Group PLC (the "Company")

Director Share Dealing

The Company announces the following transactions by its Executive Directors.

i)             Annual Bonus Share arrangements

On 6 December 2023, Ordinary Shares of £1.00 each in the Company ("Shares") were acquired on behalf of the Executive Directors, pursuant to the Company's discretionary annual bonus arrangements. 

These shares represent 50% of the non-deferred portion of the Executive Directors bonus for FY 2023. Banking remuneration regulation requires that this non-deferred portion is delivered in a mix of cash, and shares subject to a one year retention period.

The Shares noted below are held on behalf of the Executive Directors with all shareholder rights except the right to transfer them for one year, at which point they may be transferred to the Executive Directors.

Director	Number of Shares acquired as part of the bonus arrangements
N S Terrington	39,542
R J Woodman	25,326

ii)            Purchase of Paragon Banking Group PLC Bonds

On 6 December 2023, Nigel Terrington acquired £400,000 worth of Paragon Banking Group PLC's 4.375% Fixed Rate Reset Callable Subordinated Tier 2 Notes due September 2031. 

For further information, please contact:

Carolyn Sharpe, Senior Assistant Company Secretary

Tel: 07984 810427

7 December 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 discretionary annual bonus arrangements.

d)

Price(s) and volume(s)

Price	Volume
£5.2617	39,542

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

6 December 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

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 discretionary annual bonus arrangements.

d)

Price(s) and volume(s)

Price	Volume
£5.2617	25,326

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

6 December 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

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

XS2312738599

c)

Nature of the transaction

Purchase of 4.375% Fixed Rate Reset Callable Subordinated Tier 2 Notes due September 2031.

d)

Price(s) and volume(s)

Price	Volume
£100,000	4

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

6 December 2023 

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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