Virgin Money Uk Plc (vuk) Logo

Virgin Money Uk Plc (VUK)

___:___ · Financial Services
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DIV YIELD
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52 WEEK RANGE

VUK Chart

Snapshot

VUK's Principal Activity is the provision of finance.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -28.77%
vs ASX 200 (1yr) -29.63%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 192 of 2,422
Sector Rank 28 of 297

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies IFL / WAM / PDL
EPS $0.438
DPS $0.0633
Book Value Per Share $7.09

Broker Consensus

Breakdown 16 Buy · 8 Hold · 2 Sell
Recommendation Buy
Last Updated 04/06/22

Announcements

Date Heading Pages File Size Time

Corporate Overview

Virgin Money UK PLC (VUK, formerly CYBG PLC) is a full-service digital bank, offering market-leading products and services to meet the full range of customers' retail and business banking needs.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Glasgow United Kingdom G1 2HL
Website www.virginmoneyukplc.com
Registry Computershare
Auditor Ernst & Young LLP
Date Listed 3 Feb 2016

Upcoming Calendar (Forecasted)

Date Event
23/11/2022 Report (Annual)
04/05/2023 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
19/05/2022 $0.0442 0% $0.0442 Interim 21/06/2022
10/02/2022 $0.019 0% $0.019 Final 11/03/2022

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.0633
Gross DPS(TTM) $0.0633
Dividend yield
Gross yield
Payout Ratio 2%
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Ms Elena Novokreshchenova Non-Executive Director Mar 2021

Ms Elena Novokreshchenova

Non-Executive Director

Ms Novokreshchenova's understanding of customer-centric digital first organisations and the technology ecosystem gained over a 20-year international career, brings a wealth of experience to the Board. Ms Novokreshchenova's most recent role was Executive Vice President of International at Remitly, a leading disruptor in the app first digital remittance space, appointed to internationalise, scale and drive company growth as a leading digital money transfer provider. Prior to this, Ms Novokreshchenova held senior technology product and general management positions at Expedia Inc. She also brings an invaluable strategic perspective from her time spent in the management consulting role at Strategy& (part of PricewaterhouseCoopers LLP) as well as a strong financial acumen from her risk and debt finance roles at Barclays PLC. Ms Novokreshchenova is a strong advocate for diversity and inclusion in the technology sector and is a member of the 'Women in Payments Group' and the Worshipful Company of International Bankers. She is a regular speaker at technology summits and forums. She is Senior Independent Director and Chair of the Audit Committee of Funding Circle Holdings Plc, Non-Executive Director and Chair of the Remuneration Committee of Ultra Electronic Holdings Plc, Non-Executive Director and Chair of the Risk Committee at Wizink Bank S.A. and Trustee of the Old Vic Theatre Trust 2000.

Ms Amy Stirling Non-Executive Director Oct 2018

Ms Amy Stirling

Non-Executive Director

Ms Stirling's strategic and financial leadership experience gained over a number of years, and recent and relevant financial experience as a CFO, strengthen the Board and enables her to provide key input on the development of the Group's strategy. She also brings invaluable brand and consumer perspectives and insights from her role as CFO at the Virgin Group which spans a broad range of industries and core consumer sectors including; travel and leisure; telecommunications and media; music and entertainment; health and wellness; and financial services. Ms Stirling has experience of boards at both executive and non-executive level. Her previous appointments include Non-Executive Director and Chair of the Audit & Risk Committee at the UK Cabinet Office, Non-Executive Director and Chair of the Audit Committee at Pets at Home Group plc, CFO of The Princes Trust and CFO at TalkTalk Telecom Group Plc. She was Chief Financial Officer of the Virgin Group and Non-Executive Director of RIT Capital Partners plc where she chairs the Audit and Risk Committee and is a member of the Valuation Committee. Trustee of Virgin Unite, the entrepreneurial charitable foundation of the Virgin Group focused on social and environmental issue

Ms Geeta Gopalan Non-Executive Director Oct 2018

Ms Geeta Gopalan

Non-Executive Director

Ms Gopalan's financial services, retail banking and payments industry experience gained over more than 25 years strengthen the Board. Her understanding of the digital economy and interest in emerging technologies including the use of data and analytics in financial services enhance Board discussions with respect to the Group's digital strategy in particular. Her extensive experience in the retail banking and payments industries mean she has a strong focus on customer conduct and fairness considerations and in delivering customer-focused outcomes. Her broad risk and governance experience is highly relevant to her role as Chair of the Risk Committee. Ms Gopalan was formerly Executive Chair of Monitise Europe, a Non-Executive Director at VocaLink and Vice Chair of the Big Lottery Fund England, one of the largest funders of the third sector in England. Among the many roles in her career, Ms Gopalan was Director of Payment Services with HBOS plc and previously Managing Director, UK Retail Bank and Business Development Head EME at Citigroup. She is Senior Independent Director and Chair of the Audit Committee of Funding Circle Holdings Plc, Non-Executive Director and Chair of the Remuneration Committee of Ultra Electronic Holdings Plc, Non-Executive Director and Chair of the Risk Committee at Wizink Bank S.A. and Trustee of the Old Vic Theatre Trust 2000.

Mr Darren Pope Non-Executive Director Oct 2018

Mr Darren Pope

Non-Executive Director

Mr Pope brings relevant experience in retail banking and financial services from a career spanning more than 30 years during which he held senior and board level positions as a CFO and finance director. His in-depth understanding of financial and risk matters and experience of managing relations with investors and regulators provides an excellent foundation for his role as Chair of the Remuneration Committee. Mr Pope has experience of board governance including as a senior independent director and as chair of audit committees. His previous appointments include CFO of TSB Bank plc, where he took the lead role in the divestment of the TSB business from Lloyds Bank plc and its subsequent Initial Public Offering (IPO) and takeover. Prior to that he held several executive and senior retail banking and finance roles at Lloyds Banking Group plc. She is Senior Independent Director and Chair of the Audit Committee of Funding Circle Holdings Plc, Non-Executive Director and Chair of the Remuneration Committee of Ultra Electronic Holdings Plc, Non-Executive Director and Chair of the Risk Committee at Wizink Bank S.A. and Trustee of the Old Vic Theatre Trust 2000.

Mr Timothy Wade Non-Executive Director,Senior Independent Director Sep 2016

Mr Timothy Wade

Non-Executive Director,Senior Independent Director

Mr Wade's background as an experienced CFO, his breadth of financial services experience and the industry knowledge he has gained from over 20 years at both executive and Non-Executive Director level is excellent grounding for his role as Chair of the Audit Committee. His accounting, financial services audit, prudential oversight and corporate governance knowledge, including experience as an audit committee chair, strengthen the Board. His previous Non-Executive Director roles include Macquarie Bank International Limited, Friends Life Group Limited, Monitise plc and The Access Bank UK Limited. He was a Managing Director at AMP Group, responsible for both its Bank and the Virgin Direct (now Virgin Money) JV. Earlier in his career he was Group CFO at Colonial Limited in Melbourne, Australia where he oversaw the company's IPO and was involved in its acquisition by Commonwealth Bank. He is Non-Executive Director and Chair of the Audit Committee of RBC Europe Limited and Non-Executive Director and Chair of the Audit and Risk Committee of Chubb Underwriting Agencies Limited.

Mr Paul Coby Non-Executive Director Jun 2016

Mr Paul Coby

Non-Executive Director

Mr Coby's experience as a Chief Information Officer (CIO) gained over 20 years at Johnson Matthey, John Lewis and BA is highly relevant to the Group's digital strategy. His experience in leading digital transformation, delivering technology-enabled change, cyber defence and IT operational excellence enable him to bring invaluable specialist insight to the Board. Mr Coby is currently CIO at Johnson Matthey, a FTSE 100 global leader in sustainable technologies. Johnson Matthey applies its scientific expertise to enable cleaner air, improved health and the more efficient use of the world's natural resources, underpinned by digital technology with a diverse team across multiple countries. Prior to joining Johnson Matthey, he was the first John Lewis partnership CIO responsible for creating a unified IT function and an integrated cyber security programme. He spent ten years as BA's CIO and was accountable for the design, development and operation of BA's IT and eCommerce strategy. The Board also benefits from Mr Coby's board governance experience, his previous roles having included Chairman of Societe Internationale de Telecommunications Aeronautiques (SITA), Non-Executive Director at Pets at Home Group plc and at P&O Ferries Limited, Chairman of the eSkills UK CIO Board which created Computer Clubs for Girls, and Chairman of the oneworld CIO Group. He is Chief Information Officer of Johnson Matthey PLC

Mr David Bennett Non-Executive Director,Non-Executive Chairman Oct 2015

Mr David Bennett

Non-Executive Director,Non-Executive Chairman

Mr Bennett is an experienced Chairman and Non-Executive Director. He brings experience of retail banking, strategy, risk management, corporate activity and organisation, operational and structural change gained from his long career in financial services. He has the governance expertise and external insight required to lead an effective Board which is critical to the long-term success of the Group. Prior to becoming Chairman in 2020, Mr Bennett had been Deputy Chairman since 2015 and therefore has the experience of the Group and track record needed to support the Board and executive in delivering the medium and longer-term strategy. His business career includes time as Group Finance Director of Alliance & Leicester plc for six years before becoming its Group Chief Executive. Following the acquisition of Alliance & Leicester plc by Banco Santander he was Executive Director on the Board of Abbey National plc. He was formerly Chairman of Homeserve Membership Limited and Together Financial Services Limited, was a Non-Executive Director on the Board of Bank of Ireland (UK) PLC and has significant Non-Executive Director experience in listed environments which has included easyJet plc and CMC Markets PLC He is Chairman of Ashmore Group plc, Non-Executive Director of PayPal (Europe) S.a.r.l et Cie, S.C.A and Non-Executive Board member of The Department for Work & Pensions.

Mr David Duffy Chief Executive Officer,Executive Director Jun 2015

Mr David Duffy

Chief Executive Officer,Executive Director

Mr Duffy has over three decades of experience in banking and financial services in both the UK and internationally. He brings industry understanding to the Board as well as strong executive leadership which is critical to his role as CEO. His drive, energy and commitment to customers as well as his proven ability to build and lead strong management teams and transform businesses brings significant value to all of Virgin Money's stakeholders. Prior to joining the Group, Mr Duffy was CEO at Allied Irish Banks plc and previously of Standard Bank International where he had responsibility for operations in the UK, Europe, Latin America and Asia. He was also previously Head of Global Wholesale Banking Network with ING Group and President and Chief Executive of the ING wholesale franchises in the United States and Latin America. Mr Duffy is a past president of the Banking and Payments Federation of Ireland and a past Director of the European Banking Federation. He is Senior Independent Director of UK Finance Limited, the industry body representing leading firms providing finance, banking, markets and payments-related services in or from the UK, member of the Confederation of British Industry (CBI) President's Committee, an advisory body providing advice to the President and CBI executive on all issues of national importance, HM Treasury Fintech Envoy for England and a Board member of The Northern Powerhouse Partnership.

Lorna McMillan Company Secretary N/A

Director Interests

The current holdings of VUK directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Timothy Wade 30/09/2021 50,000 N/A N/A N/A
David Bennett 30/09/2021 16,386 N/A N/A N/A
David Duffy 30/09/2021 4,684,271 N/A N/A N/A
Elena Novokreshchenova N/A N/A N/A N/A N/A
Darren Pope N/A N/A N/A N/A N/A
Geeta Gopalan N/A N/A N/A N/A N/A
Amy Stirling N/A N/A N/A N/A N/A
Paul Coby N/A N/A N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 30, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
No shareholder information disclosed 0 0.00%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 117,595 23,126 3,739 2,811 317 147,588

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Firetrail Investments Pty Limited 30/09/2021 78,964,452 5.48
Virgin Group Holdings Limited 30/09/2021 188,083,550 13.06

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $3.68 30 June
2020 $1.655 30 June
VUK Historical Price Data (CSV)
Up to 20 years of EOD share price history
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