Director/PDMR Shareholding
Paragon Banking Group PLC announced that on February 3, 2026, Executive Directors exercised nil-cost options under the Deferred Share Bonus Plan and Performance Share Plan. Nigel Terrington exercised 4,155 PDSBP options and 46,781 PPSP options, retaining 2,202 and 24,794 shares respectively after selling 23,940 shares for £9.01538 each to cover tax withholding. Richard Woodman exercised 2,616 PDSBP options and 29,461 PPSP options, retaining all shares as tax withholding was settled directly. These transactions relate to the first vested tranche of awards granted on December 16, 2022, which vested on December 16, 2025.
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Director Shareholding
Paragon Banking Group PLC ("the Company") announces that on 3 February 2026, the Company's Executive Directors exercised awards granted under the Paragon Deferred Share Bonus Plan 2013 ("PDSBP") and the Paragon Performance Share Plan 2013 ("PPSP").
These awards, which were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares"), vested on 16 December 2025 and are exercisable in tranches from the third anniversary of the date of grant until the seventh anniversary of the date of grant. Each vested tranche is subject to a holding period of one year although sufficient shares may be sold to cover tax withholding obligations.
The transactions below relate to the first vested tranche of each award.
| Nigel Terrington | Date of award | Date of vesting | Tranche 1 Shares exercised | Shares sold to cover tax withholding* | Shares retained |
|---|---|---|---|---|---|
| PDSBP award | 16/12/2022 | 16/12/2025 | 4,155 | 1,953 | 2,202 |
| PPSP award | 16/12/2022 | 16/12/2025 | 46,781 | 21,987 | 24,794 |
*Nigel Terrington sold a total of 23,940 shares at a cost of £9.01538 per share to settle tax withholding obligations
| Richard Woodman | Date of award | Date of vesting | Tranche 1 Shares exercised | Shares retained** |
|---|---|---|---|---|
| PDSBP award | 16/12/2022 | 16/12/2025 | 2,616 | 2,616 |
| PPSP award | 16/12/2022 | 16/12/2025 | 29,461 | 29,461 |
**Richard Woodman retained all shares and tax withholding obligations were settled directly
| 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 | ||||
| Transaction 1 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
| b) | Nature of the transaction | Exercise of 4,155 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP") | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 3 February 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| Transaction 2 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
| b) | Nature of the transaction | Exercise of 46,781 nil-cost options granted under the Paragon Performance Share Plan ("PPSP") | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 3 February 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| Transaction 3 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
| b) | Nature of the transaction | Sale of 23,940 shares, acquired following the aforementioned exercise of options under the PDSBP & PPSP, to settle tax withholding obligations | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 3 February 2026 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 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 | ||||
| Transaction 1 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
| b) | Nature of the transaction | Exercise of 2,616 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP") | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 3 February 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| Transaction 2 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code Identification code | Ordinary shares of £1.00 each in Paragon Banking Group PLC GB00B2NGPM57 | ||||
| b) | Nature of the transaction | Exercise of 29,461 nil-cost options granted under the Paragon Performance Share Plan ("PPSP") | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 3 February 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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