PayPoint plc : Director/PDMR Shareholding
05 August 2024 - 10:53PM
UK Regulatory
PayPoint plc : Director/PDMR Shareholding
5 August
2024
PayPoint plc (the "Company")
Notification of transaction by Person
Discharging Managerial Responsibility (“PDMR”)
Vesting of Buyout Award
On 1 August 2024, Rob Harding, an Executive
Director of the Company, received 1,298 ordinary shares
of 1/3 pence each in the Company (“Ordinary
shares”) following the vesting of tranche 1 of the nil cost options
granted to him under a buyout award made on 1 August 2023. The
award was granted on terms equivalent to the Company’s Restricted
Share Plan and in accordance with Listing Rule 9.4.2. Having
satisfied the continuous employment condition, the award vested
automatically and was exercised based on pre-existing
instructions.
The 1,298 Ordinary shares represent the net
number of shares released including dividend equivalent shares
which have accrued between grant and vesting. Any income tax
and national insurance contributions due on release have been cash
settled.
PDMR |
Number of conditional shares granted
|
Dividend equivalent shares accrued |
Gross number of shares vesting |
Number of shares cash settled to cover taxes due |
Net Vested shares |
Number of shares sold |
Rob Harding
|
2,253 |
194 |
2,447 |
1,149 |
1,298 |
- |
The share price on the day of release of the
above award was £6.975 per share. The share award was settled with
market purchased Ordinary shares.
Vesting of Restricted Share Plan
Award
The Company announces that, in accordance with the
rules of the PayPoint Restricted Share Plan (“RSP”),
the conditional share award granted on 27 July 2020 to Nick Wiles,
an Executive Director of the Company, vested on 1 August 2024
having met the required performance conditions and was exercised
based on pre-existing instructions.
PDMR |
Number of conditional shares granted
|
Dividend equivalent shares accrued |
Gross number of shares vesting |
Number of shares cash settled to cover taxes due |
Net Vested shares |
Number of shares sold |
Nick Wiles
|
14,858 |
3,375 |
18,233 |
8,660 |
9,573 |
- |
As shown above, shares have been cash settled to
cover income tax and national insurance contributions due on
vesting. The share price on the day of release was £6.975 per
share.
The Net Vested share awards were satisfied by
the issue of 9,573 Ordinary shares (the “New Ordinary Shares”). The
New Ordinary Shares have been admitted to trading on the main
market pursuant to the Company’s existing block listing admission
facility.
The Notification of Dealing Form for each PDMR
can be found below. This announcement is made in accordance
with Article 19 of the UK Market Abuse Regulation.
Enquiries:
PayPoint
Plc
Julia Herd, on behalf of Indigo Corporate Secretary Limited,
Company Secretary
+44 (0)7542031173
Steve O'Neill, Chief Marketing and Corporate
Affairs Officer
+44 (0)7919488066
LEI: 5493004YKWI8U0GDD138
http://corporate.paypoint.com/
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name |
Rob Harding
|
2. |
Reason for the notification |
a) |
Position/status |
PDMR
|
b) |
Initial notification/Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
PayPoint Plc |
b) |
LEI |
5493004YKWI8U0GDD138 |
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 1/3 pence
ISIN: GB00B02QND93
|
b) |
Nature of the transaction |
Exercise of share options awarded under a Listing Rule 9.4.2
arrangement on terms equivalent to the PayPoint Restricted Share
Plan.
|
c) |
Price(s) and volume(s) |
Price |
Volume(s) |
£Nil |
1,298
|
d) |
Aggregated information
- Aggregated volume
- Aggregated Price
|
1,298
£Nil |
e) |
Date of the transaction |
1 August 2024 |
f) |
Place of the transaction |
Outside of a trading venue |
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name |
Nick Wiles
|
2. |
Reason for the notification |
a) |
Position/status |
PDMR
|
b) |
Initial notification/Amendment |
Initial notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
PayPoint Plc |
b) |
LEI |
5493004YKWI8U0GDD138 |
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 1/3 pence
ISIN: GB00B02QND93
|
b) |
Nature of the transaction |
Vesting of conditional share awards under the Company’s Restricted
Share Plan ("RSP").
|
c) |
Price(s) and volume(s) |
Price |
Volume(s) |
£Nil |
9,573 |
d) |
Aggregated information
- Aggregated volume
- Aggregated Price
|
9,573
£Nil |
e) |
Date of the transaction |
1 August 2024 |
f) |
Place of the transaction |
Outside of a trading venue |
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