Director/PDMR Shareholding

RNS Number : 2728I

Provident Financial PLC

31 March 2020

 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that it has granted the following awards on 30 March 2020 over the Company's ordinary shares of 20 8/11p as follows:

1.  The Company has granted conditional awards over 550,975 ordinary shares of 20 8/11p for no consideration to Malcolm Le May, who is a director of the Company, under the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards"); and

2.  The Company has granted awards over 118,365 and 54,498 ordinary shares of 20 8/11p to Malcolm Le May and Simon Thomas respectively, who are directors of the Company, under the Provident Financial Deferred Bonus Plan (the "DBP Awards") at a price of £2.20 per ordinary share.

In respect of the DBP Awards, SG Kleinwort Hambros Trust Company (CI) Limited subscribed for 172,863 ordinary shares and will transfer the legal and beneficial interest to the participants in satisfaction of the DBP Awards granted subject to and in accordance with the terms of the Provident Financial Deferred Bonus Plan.

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 /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 and an award under the Provident Financial Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 550,975 £2.20 118,365
d)	Aggregated information - Aggregated volume - Price	669,340 £260,760
e)	Date of the transaction	30 March 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	Simon Thomas
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	An award under the Provident Financial Deferred Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.20 54,498
d)	Aggregated information - Aggregated volume - Price	54,498 £120,060
e)	Date of the transaction	30 March 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 :

31 March 2020

 

END

 

 

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