Provident Financial PLC Director/PDMR Shareholding (2728I)
01 April 2020 - 12:59AM
UK Regulatory
TIDMPFG
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
GBP2.20 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 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 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)
GBP0 550,975
----------
GBP2.20 118,365
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 669,340
- Price GBP260,760
--------------------------- --------------------------------------
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 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 An award under the Provident Financial
Deferred Bonus Plan.
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.20 54,498
----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 54,498
- Price GBP120,060
-------------------------- ---------------------------------------
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
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END
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