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Paragon Banking Group PLC announced on 03 January 2025 an amendment to a 20 December 2024 RNS, correcting Executive Director R J Woodman's Salary in Shares (SIS) payment to £30,877.00. On 20 December 2024, Executive Directors N S Terrington and R J Woodman acquired 3,546 and 2,241 Ordinary Shares, respectively, under the SIS arrangement at £7.3023 per share. Additionally, both directors transferred 2,980 and 1,893 shares to their spouses, and each exercised 4,245 share options at £4.24, which were granted on 28 July 2021.
| Date | 3 Jan 2025 |
| Time | 10:44:18 |
| Category | Director/PDMR dealings |
| ID | 1015S |
Paragon Banking Group PLC (the "Company")
Directors' Shareholdings
The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 20 December 2024 at 14:04 under RNS No 9861Q. The value of the SIS payment, made to R J Woodman, was incorrectly stated as £30,9877.00. The correct value of the payment made was £30,877.00. All other details remain unchanged. The full amended text is shown below.
On 20 December 2024 the Company's Executive Directors acquired Ordinary Shares of £1.00 each in the Company ("Shares"), pursuant to the Company's Salary in Shares arrangement ("SIS"). The SIS represents 20% of salary delivered in shares, purchased in quarterly instalments and released over five years, in accordance with the Company's shareholder approved Directors' Remuneration Policy.
|
Director |
Value of SIS payment (1 October 2024 to 31 December 2024) |
Number of Shares acquired with the after tax value of the SIS payment |
|
N S Terrington |
£48,868.50 |
3,546 |
|
R J Woodman |
£30,877.00 |
2,241 |
Shares acquired under the Company's previous Role Based Allowance and SIS arrangements have now been released as follows:
|
Director |
Total number of shares transferred |
Transferred to spouse (PCA) |
|
N S Terrington |
2,980 |
Mrs J Terrington |
|
R J Woodman |
1,893 |
Mrs S Woodman |
In addition to the transactions listed above, the Company's Executive Directors also exercised their option over shares granted, on 28 July 2021, under the Paragon Sharesave Plan 2019.
|
Director |
Option price |
Number of shares under option exercised and retained |
|
N S Terrington |
£4.24 |
4,245 |
|
R J Woodman |
£4.24 |
4,245 |
For further information, please contact:
Carolyn Sharpe, Deputy Company Secretary
Tel: 07984 810427
3 January 2025
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 |
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|
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 GB00B2NGPM57 |
||||
|
b) |
Nature of the transaction |
Purchase of shares pursuant to the Company's Salary in Shares remuneration arrangements. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 December 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
|
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 2,980 shares to PCA. ii. Receipt of gift of 2,980 shares from PDMR.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
20 December 2024 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
|
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 GB00B2NGPM57 |
||||
|
b) |
Nature of the transaction |
Exercise and retain 4,245 options granted on 28 July 2021 under the Company's all-employee Sharesave Scheme (The Paragon Sharesave Plan 2019) at an option price of £4.24 per share.
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 December 2024 |
||||
|
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 GB00B2NGPM57 |
||||
|
b) |
Nature of the transaction |
Purchase of shares pursuant to the Company's Salary in Shares remuneration arrangements. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 December 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
|
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 1,893 shares to PCA. ii. Receipt of gift of 1,893 shares from PDMR.
|
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
20 December 2024 |
||||
|
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 GB00B2NGPM57 |
||||
|
b) |
Nature of the transaction |
Exercise and retain 4,245 options granted on 28 July 2021 under the Company's all-employee Sharesave Scheme (The Paragon Sharesave Plan 2019) at an option price of £4.24 per share.
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 December 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||