PAG Paragon Banking Group Plc

TIDMPAG

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 GBP1.00 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 GBP400,000 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

 
    Details of the person discharging managerial responsibilities/person 
 1   closely associated 
a)  Name                             Nigel Stewart Terrington 
    -------------------------------  ---------------------------------------- 
    Reason for the notification 
 2 
    ------------------------------------------------------------------------- 
a)  Position/status                  Chief Executive Officer (PDMR) 
    -------------------------------  ---------------------------------------- 
b)  Initial notification/             Initial notification 
     Amendment 
    -------------------------------  ---------------------------------------- 
    Details of the issuer 
 3 
    ------------------------------------------------------------------------- 
a)  Name                             Paragon Banking Group PLC 
    -------------------------------  ---------------------------------------- 
b)  LEI code                         213800S1TDKIB1IUTS72 
    -------------------------------  ---------------------------------------- 
    Details of the transaction(s): section to be repeated 
 4   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     Ordinary shares of GBP1.00 each 
     instrument, type of instrument   in Paragon Banking Group PLC ("Shares") 
     Identification code              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 
                                       GBP5.2617    39,542 
                                                   ------- 
    -------------------------------  ---------------------------------------- 
e)  Aggregated information           N/A 
     - Aggregated volume 
     - Price 
    -------------------------------  ---------------------------------------- 
f)  Date of the transaction          6 December 2023 
    -------------------------------  ---------------------------------------- 
g)  Place of the transaction         London Stock Exchange, Main Market 
                                      (XLON) 
    -------------------------------  ---------------------------------------- 
 
 
    Details of the person discharging managerial responsibilities/person 
 1   closely associated 
a)  Name                             Richard James Woodman 
    -------------------------------  ---------------------------------------- 
    Reason for the notification 
 2 
    ------------------------------------------------------------------------- 
a)  Position/status                  Chief Financial Officer (PDMR) 
    -------------------------------  ---------------------------------------- 
b)  Initial notification/             Initial notification 
     Amendment 
    -------------------------------  ---------------------------------------- 
    Details of the issuer 
 3 
    ------------------------------------------------------------------------- 
a)  Name                             Paragon Banking Group PLC 
    -------------------------------  ---------------------------------------- 
b)  LEI code                         213800S1TDKIB1IUTS72 
    -------------------------------  ---------------------------------------- 
    Details of the transaction(s): section to be repeated 
 4   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     Ordinary shares of GBP1.00 each 
     instrument, type of instrument   in Paragon Banking Group PLC ("Shares") 
     Identification code              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 
                                       GBP5.2617    25,326 
                                                   ------- 
    -------------------------------  ---------------------------------------- 
e)  Aggregated information           N/A 
     - Aggregated volume 
     - Price 
    -------------------------------  ---------------------------------------- 
f)  Date of the transaction          6 December 2023 
    -------------------------------  ---------------------------------------- 
g)  Place of the transaction         London Stock Exchange, Main Market 
                                      (XLON) 
    -------------------------------  ---------------------------------------- 
 
 
    Details of the person discharging managerial responsibilities/person 
 1   closely associated 
a)  Name                               Nigel Stewart Terrington 
    ---------------------------------  ----------------------------------- 
    Reason for the notification 
 2 
    ---------------------------------------------------------------------- 
a)  Position/status                    Chief Executive Officer (PDMR) 
    ---------------------------------  ----------------------------------- 
b)  Initial notification/               Initial notification 
     Amendment 
    ---------------------------------  ----------------------------------- 
    Details of the issuer 
 3 
    ---------------------------------------------------------------------- 
a)  Name                               Paragon Banking Group PLC 
    ---------------------------------  ----------------------------------- 
b)  LEI code                           213800S1TDKIB1IUTS72 
    ---------------------------------  ----------------------------------- 
    Details of the transaction(s): section to be repeated 
 4   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      XS2312738599 
     Identification code 
    ---------------------------------  ----------------------------------- 
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 
                                         GBP100,000    4 
                                                      ------- 
    ---------------------------------  ----------------------------------- 
e)  Aggregated information             N/A 
     - Aggregated volume 
     - Price 
    ---------------------------------  ----------------------------------- 
f)  Date of the transaction            6 December 2023 
    ---------------------------------  ----------------------------------- 
g)  Place of the transaction           London Stock Exchange, Main Market 
                                        (XLON) 
    ---------------------------------  ----------------------------------- 
 

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December 07, 2023 05:47 ET (10:47 GMT)