TIDMPFG

RNS Number : 8133H

Provident Financial PLC

08 April 2022

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that it has granted the following awards on 7 April 2022 over the Company's ordinary shares of 20 8/11p as follows:

1. The Company has granted nil-cost options over 289,593 and 212,936 ordinary shares of 20 8/11p for no consideration to Malcolm Le May and Neeraj Kapur respectively, who are directors/persons discharging managerial responsibility ("PDMRs") in the Company, under the Provident Financial 2020 Restricted Share Plan (the "RSP Options"); and

2. The Company has granted awards over 158,862 and 97,342 ordinary shares of 20 8/11p to Malcolm Le May and Neeraj Kapur respectively, who are directors and PDMRs in the Company, under the Provident Financial Deferred Bonus Plan 2013 (the "DBP Awards")

The number of ordinary shares awarded under the RSP Options and DBP Awards is based on the average closing share price on the London Stock Exchange between 31 March 2022 and 6 April 2022 of GBP2.9628, discounted from that price at grant to reflect the absence of dividend equivalents during the vesting period.

In respect of the DBP Awards, SG Kleinwort Hambros Trust Company (CI) Limited will transfer the beneficial interest to the participants, including the PDMRs, in satisfaction of the DBP Awards granted subject to and in accordance with the terms of the Provident Financial Deferred Bonus Plan 2013.

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 
       financial instrument,         Ordinary Shares of 20 8/11p 
       type of instrument 
                                     GB00B1Z4ST84 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of nil-cost options under 
                                    the Provident Financial Restricted 
                                    Share Plan 2020 and an award under 
                                    the Provident Financial Deferred 
                                    Bonus Plan 2013. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)     Volume(s) 
                                      GBP0         289,593 
                                                  ---------- 
                                      GBP2.5888    158,862 
                                                  ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           448,455 
 
       - Price                       GBP411,262 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      7 April 2022 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  -------------------------------------- 
 

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 Financial 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 nil-cost options under 
                                    the Provident Financial Restricted 
                                    Share Plan 2020 and an award under 
                                    the Provident Financial Deferred 
                                    Bonus Plan 2013. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)     Volume(s) 
                                      GBP0         212,936 
                                                  ---------- 
                                      GBP2.5888    97,342 
                                                  ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           310,278 
 
       - Price                       GBP251,999 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      7 April 2022 
     ---------------------------  -------------------------------------- 
 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 :

8 April 2022

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHKVLBBLZLEBBD

(END) Dow Jones Newswires

April 08, 2022 06:15 ET (10:15 GMT)

Provident Financial (LSE:PFG)
Gráfica de Acción Histórica
De May 2022 a Jun 2022 Haga Click aquí para más Gráficas Provident Financial.
Provident Financial (LSE:PFG)
Gráfica de Acción Histórica
De Jun 2021 a Jun 2022 Haga Click aquí para más Gráficas Provident Financial.