TIDMPFG

RNS Number : 3976X

Provident Financial PLC

04 January 2022

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that 3,950 ordinary shares of 20 8/11p ("Shares") have been delivered for no consideration to Malcolm Le May, who is a director of the Company, as a role based allowance (the "RBA").

The annual aggregate value of the RBA is equal to 15% of Mr Le May's base salary and will be delivered in equal amounts of 25% of the total annual value of the RBA (each an "RBA Award") in the form of Shares. An RBA Award will be paid in arrears on the first business day on which the London Stock Exchange is open for trading following 31 March, 30 June, 30 September and 31 December each year.

The RBA Award of 3,950 Shares delivered to Mr Le May on 31 December 2021 was calculated by dividing the monetary value of the RBA Award (less deductions for income tax and social security) by the closing mid-market price of a Share on the London Stock Exchange on 31 December 2021.

The Shares delivered under the RBA Award will be held by a nominee and subject to a holding period, during which the Shares cannot be sold, transferred, charged, pledged, mortgaged or otherwise encumbered. The holding period will end for one third of the Shares subject to the RBA Award on each of 31 December 2022, 31 December 2023 and 31 December 2024.

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                          Malcolm Le May 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Chief Executive 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            Ordinary Shares of 20 8/11p 
       financial instrument, 
       type of instrument 
 
       Identification code           GB00B1Z4ST84 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Delivery of Shares as a role based 
                                     allowance . 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       GBP0        3,950 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information        Not applicable 
 
       - Aggregated volume 
 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       31 December 2021 
     ----------------------------  ------------------------------------- 
 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 :

4 January 2022

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END

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January 04, 2022 11:14 ET (16:14 GMT)

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