TIDMPFG

RNS Number : 7219E

Provident Financial PLC

09 November 2020

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that it has granted on 9 November 2020 nil cost options over 251,825 and 112,033 ordinary shares of 20 8/11p ("Shares") for no consideration to Malcolm Le May and Neeraj Kapur respectively, and has also granted market value options over 12,448 Shares for no consideration to both Mr May and Mr Kapur, who are directors of the Company, under the Provident Financial Restricted Share Plan 2020 (the "Plan") (the "RSP Options").

They were each also granted a share option under the Plan linked to the RSP Options (the "CSOP Options"). The RSP Options and CSOP Options work on the basis that the total number of Shares over which the RSP Options and CSOP Options may be exercised cannot exceed that number of Shares as on the grant date had a market value equal to the total number of Shares covered by the RSP Option and CSOP Options less the exercise price payable under the CSOP Options.

The RSP Options and CSOP Options replace the awards granted under the Provident Financial Long Term Incentive Plan 2015 on 30 March 2020 to Malcolm Le May and 1 April 2020 to Neeraj Kapur (the "LTIS" Awards). The LTIS Awards lapsed in their entirety on 9 November 2020.

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 a nil cost option 
                                    and a linked share option under the 
                                    Provident Financial Restricted Share 
                                    Plan 2020. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      GBP0        251,825 
                                                 ---------- 
                                      GBP2.41     12,448 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           264,273 (251,825 shares under a nil 
                                     cost option and 12,448 shares under 
       - Price                       a market value share option). 
                                     GBP30,000 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      9 November 2020 
     ---------------------------  -------------------------------------- 
 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 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 nil cost option 
                                    and a linked share option under the 
                                    Provident Financial Restricted Share 
                                    Plan 2020. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      GBP0        112,033 
                                                 ---------- 
                                      GBP2.41     12,448 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           124,841 (112,033 shares under a nil 
                                     cost option and 12,448 shares under 
       - Price                       a market value share option). 
                                     GBP30,000 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      9 November 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 :

9 November 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.

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

DSHFLFSELELAIII

(END) Dow Jones Newswires

November 09, 2020 11:30 ET (16:30 GMT)

Provident Financial (LSE:PFG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Provident Financial.
Provident Financial (LSE:PFG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Provident Financial.