Provident Financial PLC Director/PDMR Share Dealing (7592I)
03 Abril 2020 - 4:39AM
UK Regulatory
TIDMPFG
RNS Number : 7592I
Provident Financial PLC
03 April 2020
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that it has granted the following awards
over the Company's ordinary shares of 20 8/11p as follows:
1. on 1 April 2020, the Company granted a conditional award over
248,733 ordinary shares of 20 8/11p for no consideration to Neeraj
Kapur who is a Director of the Company under the Provident
Financial Long Term Incentive Scheme 2015 (the "LTIS Awards");
and
2. on 2 April 2020 the Company also granted conditional awards
over a total of 175,662 ordinary shares of 20 8/11p for no
consideration to Neeraj Kapur. The conditional award will normally
vest, subject to continued service and performance conditions, as
follows:
-- 34,265 ordinary shares of 20 8/11p will vest on 20 April 2021
-- 50,540 ordinary shares of 20 8/11p will vest on 1 April 2022
-- 23,830 ordinary shares of 20 8/11p will vest on 20 April 2022
-- 67,027 ordinary shares of 20 8/11p will vest on 2 April 2023
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neeraj Kapur
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Finance Officer
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Provident Financial plc
---------------------------- -------------------------------------
b) LEI 213800U93SZC44VXN635
---------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the
financial instrument, Ordinary Shares of 20 8/11p
type of instrument
GB00B1Z4ST84
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Acquisition of a conditional award
under the Provident Financial Long
Term Incentive Scheme 2015
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.17 248,733
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 248,733
- Price GBP540,000
---------------------------- -------------------------------------
e) Date of the transaction 1 April 2020
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neeraj Kapur
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Finance Officer
---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Provident Financial plc
---------------------------- -------------------------------------
b) LEI 213800U93SZC44VXN635
---------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the
financial instrument, Ordinary Shares of 20 8/11p
type of instrument
GB00B1Z4ST84
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of a conditional award by the
Company over 175,662 shares under
a Buy Out Award Agreement.
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.85 175,662
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 175,662
- Price GBP324,978
---------------------------- -------------------------------------
e) Date of the transaction 2 April 2020
---------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- -------------------------------------
Name of authorised official of issuer responsible for making
notification:
David Whincup, Deputy Company Secretary
Date of Notification :
3 April 2020
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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April 03, 2020 06:39 ET (10:39 GMT)
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