Director/PDMR Shareholding
Vanquis Banking Group plc announced that on April 7, 2026, directors Ian McLaughlin and David Watts received nil-cost options and awards under the company's share plans. Ian McLaughlin was granted 646,976 nil-cost options and 95,595 deferred bonus plan awards, while David Watts received 367,879 nil-cost options and 60,434 deferred bonus plan awards. These grants were based on an average closing share price of £1.1376 between March 27 and April 2, 2026, with no adjustments to the grant value at this stage.
Select text to share a quote on X · sign in to keep highlights & notes in your VANQ notes
The Company announces that it has granted the following awards on 7 April 2026 over the Company's ordinary shares of 20 8/11p ("Shares") as follows:
- nil-cost options over 646,976 and 367,879 Shares for no consideration to Ian McLaughlin and David Watts respectively, who are directors/persons discharging managerial responsibility ("PDMRs") in the Company, under the 2020 Restricted Share Plan (the "RSP Options")
- awards over 95,595 and 60,434 Shares to Ian McLaughlin and David Watts respectively, who are directors and PDMRs in the Company, under the Deferred Bonus Plan 2022 (the "DBP Awards").
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 27 March 2026 and 2 April 2026 of £1.1376. No adjustments have been made to the grant value of the awards. A further assessment will be made at the point of vest as part of the RSP performance underpin. There has been no additional discount from the price at grant to reflect the absence of dividend equivalents during the vesting period and no market value options linked to the RSP Options have been granted under the 2020 Restricted Share Plan (CSOP Options).
In respect of the DBP Awards, JTC 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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Ian McLaughlin | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Chief Executive Officer | ||||||
| b) | Initial notification /Amendment | Initial notification | ||||||
| a) | Name | Vanquis Banking Group plc | ||||||
| b) | LEI | 213800U93SZC44VXN635 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 20 8/11p GB00B1Z4ST84 | ||||||
| b) | Nature of the transaction | Acquisition of nil-cost options under the 2020 Restricted Share Plan and an award under the Deferred Bonus Plan 2022 | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | 742,571 £108,748.87 | ||||||
| e) | Date of the transaction | 7 April 2026 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | David Watts | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Chief Financial Officer | ||||||
| b) | Initial notification /Amendment | Initial notification | ||||||
| a) | Name | Vanquis Banking Group plc | ||||||
| b) | LEI | 213800U93SZC44VXN635 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 20 8/11p GB00B1Z4ST84 | ||||||
| b) | Nature of the transaction | Acquisition of nil-cost options under the 2020 Restricted Share Plan and an award under the Deferred Bonus Plan 2022 | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | 428,313 £68,749.72 | ||||||
| e) | Date of the transaction | 7 April 2026 | ||||||
| f) | Place of the transaction | Outside a trading venue |
Name of authorised official of issuer responsible for making notification:
Elizabeth McClure, Deputy Company Secretary
Date of Notification:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.