Vanquis Banking Group PLC Director/PDMR Shareholding (1282V)
03 Abril 2023 - 7:00AM
UK Regulatory
TIDMVANQ
RNS Number : 1282V
Vanquis Banking Group PLC
03 April 2023
Vanquis Banking Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that on 30 March 2023, 118,365 ordinary
shares of 20 8/11p ("Shares") have vested to Malcolm Le May, who is
a director of the Company, in respect of a Basic Award under the
Deferred Bonus Plan granted on 30 March 2020. 55,808 of those
Shares were sold to satisfy income tax and national insurance
contributions due on vesting ("Sell to Cover Shares"). The number
of Sell to Cover Shares was calculated based on the closing
mid-market price of a Share on the London Stock Exchange of
GBP2.324 on 30 March 2023, being the vesting date of the Basic
Award. The net remaining Shares have been retained.
The Company also announces that 6,281 Shares have been delivered
for no consideration to Malcolm Le May as a role based allowance
(the "RBA").
The annual aggregate value of the RBA is equal to 15% of Mr Le
May's base salary and will be delivered in equal amounts of 25% of
the total annual value of the RBA (each an "RBA Award") in the form
of Shares. An RBA Award will be paid in arrears on the first
business day on which the London Stock Exchange is open for trading
following 31 March, 30 June, 30 September and 31 December each
year.
The RBA Award of 6,281 Shares delivered to Mr Le May on 31 March
2023 was calculated by dividing the monetary value of the RBA Award
(less deductions for income tax and social security) by the closing
mid-market price of a Share on the London Stock Exchange on 31
March 2023.
The Shares delivered under the RBA Award will be held by a
nominee and subject to a holding period, during which the Shares
cannot be sold, transferred, charged, pledged, mortgaged or
otherwise encumbered. The holding period will end for one third of
the Shares subject to the RBA Award on each of 31 March 2024, 31
March 2025 and 31 March 2026.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Malcolm Le May
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Vanquis Banking Group plc
-------------------------- ----------------------------------------
b) LEI 213800U93SZC44VXN635
-------------------------- ----------------------------------------
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 Ordinary Shares of 20 8/11p
financial instrument,
type of instrument
Identification code GB00B1Z4ST84
-------------------------- ----------------------------------------
b) Nature of the transaction (1) Vesting of a Basic Award under
the Deferred Bonus Plan on 30 March
2023 over 118,365 Shares.
(2) Subsequent sale of 55,808 Shares
to satisfy income tax and national
insurance contributions due on vesting
of the Basic Award.
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 118,365
----------
GBP2.324 55,808
----------
-------------------------- ----------------------------------------
d) Aggregated information (1) Acquisition (2) Sale
on vesting
- Aggregated volume 118,365 55,808
--------------
- Price GBP Nil GBP129,697.79
--------------
-------------------------- ----------------------------------------
e) Date of the transaction 30 March 2023
-------------------------- ----------------------------------------
f) Place of the transaction (1) Outside a trading venue
(2) London Stock Exchange (XLON)
-------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Malcolm Le May
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Vanquis Banking Group plc
---------------------------- -------------------------------------
b) LEI 213800U93SZC44VXN635
---------------------------- -------------------------------------
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 Ordinary Shares of 20 8/11p
financial instrument,
type of instrument
Identification code GB00B1Z4ST84
---------------------------- -------------------------------------
b) Nature of the transaction Delivery of Shares as a role based
allowance .
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 6,281
----------
---------------------------- -------------------------------------
d) Aggregated information Not applicable
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 31 March 2023
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
Name of authorised official of issuer responsible for making
notification:
David Whincup, Deputy Company Secretary
Date of Notification :
3 April 2023
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END
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