PAY Paypoint Plc

 
TIDMPAY 
 
 
   19 March 2019 
 
   PayPoint plc (the 'Company') 
 
   NOTIFICATION OF TRANSACTION BY DIRECTOR/PDMR 
 
   The Company announces that the first tranche of nil cost awards granted 
to Rachel Kentleton on 02 February 2017 vested on 02 February 2019 and 
were exercised on 18 March 2019. The awards were granted pursuant to 
Listing Rule 9.4.2 in respect of a buy-out of a cash annual bonus and 
long-term incentive awards forfeited upon leaving her previous 
employment. 
 
   The release of the awards is dependent on continued employment over the 
vesting period. The midmarket value of the ordinary shares in the 
Company on the dealing day prior to the date of exercise was GBP8.78 per 
share. 
 
 
 
 
                                          Awards deducted 
                 Awards                    in lieu of tax  Balance of Ordinary 
Director         granted  Awards vested*      and NI**       shares released 
--------------  --------  --------------  ---------------  ------------------- 
Rachel 
 Kentleton        10,741           6,379            2,999                3,380 
--------------  --------  --------------  ---------------  ------------------- 
 
   * First tranche of awards being 50% of the awards granted plus dividends 
accrued. 
 
   **Tax and National Insurance liability will be satisfied by the Company 
in cash 
 
   This notification has also been submitted to the FCA. 
 
   Enquiries: 
 
   Susan Court 
 
   Company Secretary 
 
   PayPoint plc 
 
   Tel: +44 (0)1707 600316 
 
   -end- 
 
 
 
 
 
 

(END) Dow Jones Newswires

March 19, 2019 08:56 ET (12:56 GMT)

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