TIDMPFG

RNS Number : 3080H

Provident Financial PLC

05 April 2022

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that on 1 April 2022, 50,540 ordinary shares of 20 8/11p ("Shares") have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020. 23,874 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.

The Company also announces that on 1 April 2022, 44,781 Shares have vested to Malcolm Le May, who is a director of the Company, in respect of a Basic Award under the Provident Financial Deferred Bonus Plan granted on 1 April 2019. 21,154 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.

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   (1) Vesting of a conditional award 
                                   by the Company over 50,540 shares 
                                   under a Buy Out Award Agreement. 
 
                                   (2) Subsequent sale of 23,874 Shares 
                                   to satisfy income tax and national 
                                   insurance contributions due on vesting. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0        50,540 
                                                ---------- 
                                     GBP2.923    23,874 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                     Acquisition on       Sale 
                                         vesting 
       - Aggregated volume               50,540          23,874 
       - Price                                       ------------- 
                                          Nil         GBP69,783.70 
                                                     ------------- 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     1 April 2022 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    (1) Outside a trading venue 
                                   (2) London Stock Exchange 
     --------------------------  ----------------------------------------- 
 

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                        Malcom Le May 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             Chief Execuive 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   (1) Vesting of a Basic Award under 
                                   the Provident Financial Deferred 
                                   Bonus Plan on 1 April 2022 by the 
                                   Company over 44,781 shares. 
 
                                   (2) Subsequent sale of 21,154 Shares 
                                   to satisfy income tax and national 
                                   insurance contributions due on vesting. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0        44,781 
                                                ---------- 
                                     GBP2.923    21,154 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                     Acquisition on       Sale 
                                         vesting 
       - Aggregated volume               44,781          21,154 
       - Price                                       ------------- 
                                          Nil         GBP61,833.14 
                                                     ------------- 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     1 April 2022 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    (1) Outside a trading venue 
                                   (2) London Stock Exchange 
     --------------------------  ----------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification :

5 April 2022

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END

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April 05, 2022 07:30 ET (11:30 GMT)

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