Director/PDMR Shareholding
Vanquis Banking Group plc announced that on September 8, 2026, Chief Executive Officer Ian McLaughlin's nil-cost options under the 2020 Restricted Share Plan vested, totaling 615,092 ordinary shares. Of these, 289,094 shares were withheld by the company to cover taxes and fees, leaving Mr. McLaughlin with 325,998 vested shares, which are subject to a two-year holding period.
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The Company announces that, on the 8th September 2026, 615,092 of the ordinary shares of 20 8/11p ('Shares') awarded to Ian McLaughlin, Chief Executive Officer, as nil-cost options under the Vanquis Banking Group 2020 Restricted Share Plan ('Plan') granted on 8 September 2023 have vested.
289,094 of those Shares have been withheld by the Company to satisfy the income tax, national insurance contributions and fees due on vesting. Ian McLaughlin has acquired 325,998 vested Shares which will be subject to a minimum two-year holding period under the Plan rules.
| 1 | Details of the person discharging managerial responsibilities | |||||
| 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 | Vesting of an Award of nil-cost options under the Vanquis Banking Group 2020 Restricted Share Plan on 8 September 2026 by the Company over 615,092 Shares. 325,998 Shares being delivered to the participant, the remainder, 289,094 Shares, being withheld to settle the income tax, national insurance and fees arising from the acquisition. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Shares acquired on vesting Shares withheld for Net Settlement 325,998 289,094 £0 | ||||
| e) | Date of the transaction | 8 September 2026 | ||||
| f) | Place of the transaction | Outside a trading venue |
Name of authorised official of issuer responsible for making notification:
Elizabeth McClure, Company Secretary
Date of Notification:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.