Provident Financial PLC Director/PDMR Shareholding (5894B)
03 October 2022 - 11:15PM
UK Regulatory
TIDMPFG
RNS Number : 5894B
Provident Financial PLC
03 October 2022
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that 8,727 ordinary shares of 20 8/11p
("Shares") have been delivered for no consideration to Malcolm Le
May, who is a director of the Company, as a role based allowance
(the "RBA").
The annual aggregate value of the RBA is equal to 15% of Mr Le
May's base salary and will be delivered in equal amounts of 25% of
the total annual value of the RBA (each an "RBA Award") in the form
of Shares. An RBA Award will be paid in arrears on the first
business day on which the London Stock Exchange is open for trading
following 31 March, 30 June, 30 September and 31 December each
year.
The RBA Award of 8,727 Shares delivered to Mr Le May on 30
September 2022 was calculated by dividing the monetary value of the
RBA Award (less deductions for income tax and social security) by
the closing mid-market price of a Share on the London Stock
Exchange on 30 September 2022.
The Shares delivered under the RBA Award will be held by a
nominee and subject to a holding period, during which the Shares
cannot be sold, transferred, charged, pledged, mortgaged or
otherwise encumbered. The holding period will end for one third of
the Shares subject to the RBA Award on each of 30 September 2023,
30 September 2024 and 30 September 2025.
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 Ordinary Shares of 20 8/11p
financial instrument,
type of instrument
Identification code GB00B1Z4ST84
---------------------------- -------------------------------------
b) Nature of the transaction Delivery of Shares as a role based
allowance .
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 8,727
----------
---------------------------- -------------------------------------
d) Aggregated information Not applicable
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 30 September 2022
---------------------------- -------------------------------------
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 October 2022
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END
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