Virgin Money Holdings (UK) PLC Director/PDMR Shareholding (9161D)

TIDMVM.

RNS Number : 9161D

Virgin Money Holdings (UK) PLC

12 October 2018

Virgin Money Holdings (UK) PLC (the Company)

ISIN: GB00BQ8P0644

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

DEFERRED BONUS SHARE PLAN (DBSP) - VESTING OF AWARDS

On 12 October 2018, a DBSP award for the full year 2014 (the Award) over 9,511 ordinary shares in the Company (Shares) held by John Natalizia, a PDMR of the Company, vested in full in accordance with the rules of the DBSP. The Award vested on Court sanction of the scheme of arrangement of the Company implementing the recommended all-share offer by CYBG plc to acquire the entire issued and to be issued share capital of the Company.

The award was satisfied using Shares held in the Company employee benefit trust, and on a "net-settlement" basis, such that the number of Shares received by the PDMR was calculated net of an amount equal to the income tax and National Insurance contributions liability arising on the vesting of the Award. Details of the Shares received are included in the disclosures below.

The Shares are subject to a six-month hold period before any further sales or transfers can be effected.

All transactions took place in the UK and the Shares are listed on the London Stock Exchange.

This notification is made in accordance with the Market Abuse Regulation, Article 19(3), further details below.

 
      1. Details of the person discharging managerial responsibilities/person 
       closely associated 
 Name:                              John Natalizia 
                                   ---------------------------------------------- 
      2. Reason for the notification 
 Position/status                    PDMR 
                                   ---------------------------------------------- 
 Initial notification/amendments    Initial notification 
                                   ---------------------------------------------- 
      3. Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 Name of legal entity               Virgin Money Holdings (UK) plc 
                                   ---------------------------------------------- 
 Legal Entity Identifier            213800TAU9ZX2WZNCO64 
  code 
                                   ---------------------------------------------- 
      4. Details of the transaction(s) 
 Description of financial                Ordinary shares of 0.01p each 
  instrument, type of instrument 
                                        ----------------------------------------- 
 Identification code                     GB00BQ8P0644 
                                        ----------------------------------------- 
 Nature of transaction                   Vesting of a share award made 
                                          under the Deferred Bonus Share 
                                          Plan (DBSP). 
                                        ----------------------------------------- 
 Currency                                GBP 
                                        ----------------------------------------- 
 Price and volume                         Scheme      Shares Vested       Price 
                                                        (net settlement) 
                                           DBSP FY14   5,040               Nil 
                                                      ------------------  ------ 
                                        ----------------------------------------- 
 Aggregated information                  5,040 shares vested at nil cost 
                                          per share 
                                        ----------------------------------------- 
 Date of transaction                     12 October 2018 
                                        ----------------------------------------- 
 Place of transaction                    London Stock Exchange (XLON) 
                                        -----------------------------------------

Enquiries:

Virgin Money Investor Relations

Adam Key

020 7111 1311 or adam.key@virginmoney.com

Virgin Money Company Secretary

Katie Marshall

0191 279 6482 or katie.marshall@virginmoney.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 12, 2018 10:00 ET (14:00 GMT)

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