Vanquis Banking Group PLC Director/PDMR Shareholding (1144W)
April 13 2023 - 7:00AM
UK Regulatory
TIDMVANQ
RNS Number : 1144W
Vanquis Banking Group PLC
13 April 2023
Vanquis Banking Group plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that it has granted the following awards
on 12 April 2023 over the Company's ordinary shares of 20 8/11p
("Shares") as follows:
1. nil-cost options over 406,561 and 298,942 Shares for no
consideration to Malcolm Le May and Neeraj Kapur respectively, who
are directors/persons discharging managerial responsibility
("PDMRs") in the Company, under the 2020 Restricted Share Plan (the
"RSP Options");
2. market value options linked to the RSP Options over 13,498
and 13,498 Shares for no consideration to Malcolm Le May and Neeraj
Kapur respectively, who are directors and PDMRs in the Company,
under the 2020 Restricted Share Plan (the "CSOP Options"); and
3. awards over 190,539 and 125,122 Shares to Malcolm Le May and
Neeraj Kapur respectively, who are directors and PDMRs in the
Company, under the Deferred Bonus Plan 2022 (the "DBP Awards").
The RSP Options and CSOP Options work on the basis that the
total number of Shares over which the RSP Options and CSOP Options
may be exercised cannot exceed that number of Shares as on the
grant date had a market value equal to the total number of Shares
covered by the RSP Option and CSOP Options less the exercise price
payable under the CSOP Options.
The number of ordinary shares awarded under the RSP Options and
DBP Awards is based on the average closing share price on the
London Stock Exchange between 31 March 2023 and 6 April 2023 of
GBP2.2224, discounted from that price at grant to reflect the
absence of dividend equivalents during the vesting period.
In respect of the DBP Awards, SG Kleinwort Hambros Trust Company
(CI) Limited will transfer the beneficial interest to the
participants, including the PDMRs, in satisfaction of the DBP
Awards granted subject to and in accordance with the terms of the
Deferred Bonus Plan 2022.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Malcolm Le May
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Vanquis Banking Group plc
--------------------------- --------------------------------------
b) LEI 213800U93SZC44VXN635
--------------------------- --------------------------------------
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, Ordinary Shares of 20 8/11p
type of instrument
GB00B1Z4ST84
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Acquisition of nil-cost options and
a linked share options under the
2020 Restricted Share Plan and an
award under the Deferred Bonus Plan
2022.
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 406,561
----------
GBP2.2224 13,498
----------
GBP1.8440 190,539
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 610,598
- Price GBP381,351.87
--------------------------- --------------------------------------
e) Date of the transaction 12 April 2023
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Neeraj Kapur
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Vanquis Banking Group plc
--------------------------- --------------------------------------
b) LEI 213800U93SZC44VXN635
--------------------------- --------------------------------------
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, Ordinary Shares of 20 8/11p
type of instrument
GB00B1Z4ST84
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Acquisition of nil-cost options and
a linked share options under the
2020 Restricted Share Plan and an
award under the Deferred Bonus Plan
2022.
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 298,942
----------
GBP2.2224 13,498
----------
GBP1.8440 125,122
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 437,562
- Price GBP260,722.92
--------------------------- --------------------------------------
e) Date of the transaction 12 April 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 :
13 April 2023
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