Director/PDMR Share Dealing

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 /Amendment	Initial notification
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, type of instrument Identification code	Ordinary Shares of 20 8/11p GB00B1Z4ST84
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) £2.17 248,733
d)	Aggregated information - Aggregated volume - Price	248,733 £540,000
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 /Amendment	Initial notification
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, type of instrument Identification code	Ordinary Shares of 20 8/11p GB00B1Z4ST84
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) £1.85 175,662
d)	Aggregated information - Aggregated volume - Price	175,662 £324,978
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

 

END

 

 

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