Paragon Banking Group PLC

Remuneration Information • Sep 4, 2020

National Storage Mechanism | Additional information

RNS Number : 1053Y

Paragon Banking Group PLC

04 September 2020

Paragon Banking Group PLC (the "Company")

Directors' Shareholdings

Following the approval of the Company's Directors' Remuneration Policy (the "Policy") at the 2020 Annual General Meeting, the Company has made the first payment to the Executive Directors in respect of the "Fixed Role-Based Allowance" (the "RBA").  

As announced on 12 August 2020, reflecting shareholder feedback, the RBA has been introduced with effect from 14 February 2020, being the day after shareholder approval was granted at the AGM. 

The RBA is an annual allowance of £140,000 in the case of N S Terrington and £90,000 in the case of R J Woodman, the after-tax value of which is delivered in Ordinary Shares of £1.00 each in the Company ("Shares").  The Shares acquired pursuant to the RBA will be released to the Directors in accordance with the Policy.

The first payment in respect of the RBA covers the period from 14 February 2020 to 30 June 2020 (both dates inclusive), as follows:

Director	Value of RBA payment in respect of the period 14 February 2020 - 30 June 2020	Number of Shares acquired with the after tax value of the RBA payment
N S Terrington	£52,598.74	7,987
R J Woodman	£33,807.69	5,134

For further information, please contact:

Marius van Niekerk, Company Secretary

0121 712 2075

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

Identification code

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

GB00B2NGPM57

c)

Nature of the transaction

Acquisition of shares pursuant to the Company's Fixed Role-Based Allowance remuneration arrangements.

d)

Price(s) and volume(s)

Price	Volume
£3.4898	7,987

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

2020/09/02

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

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 Fixed Role-Based Allowance remuneration arrangements.

d)

Price(s) and volume(s)

Price	Volume
£3.4898	5,134

e)

Aggregated information

- Aggregated volume

- Price

N/A

f)

Date of the transaction

2020/09/02

g)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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