Last checked at 11 Jul 2022 07:00
De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
11 July 2022
De La Rue plc (the "Company") announces that on 8 July 2022 the first half of the awards made under the De La Rue Deferred Bonus Plan (the "DBP") to Clive Vacher, Rob Harding and Ruth Euling (each of whom is an Executive Director and a Person Discharging Managerial Responsibilities ("PDMR") of the Company) on 8 July 2021 vested and were automatically released. The second half of these awards will vest on 8 July 2023, subject to the rules of the DBP. The vesting of this first half of their awards creates a change in the interests of each of them in the ordinary shares of 44152/175p of the Company ("Shares").
In line with the rules of the DBP, the Company has withheld a proportion of each award so that it is able to sell sufficient Shares to fund income tax and national insurance withholdings and the associated dealing costs. Those Shares were sold in the market by the Company on 8 July 2022 at a weighted average price of 80.2 pence per Share.
Name of Director/PDMR | Role | Number of Shares subject to the Award vesting | Number of Shares sold in the market | Number of Shares retained by the PDMR |
Clive Vacher | CEO | 63,700 | 30,845 | 32,855 |
Rob Harding | CFO | 17,218 | 8,339 | 8,879 |
Ruth Euling | MD, Currency | 25,669 | 12,429 | 13,240 |
Following these transactions, the holdings of each of the three PDMRs of the Company's Shares are as follows:
Name of Director/PDMR | Role | Number of Shares held by the PDMR |
Clive Vacher | CEO | 233,904 |
Rob Harding | CFO | 8,879 |
Ruth Euling | MD, Currency | 49,217 |
The relevant information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Clive Vacher | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director/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
| De La Rue plc | ||||
b)
| LEI
| 213800DH741LZWIJXP78 | ||||
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 44152/175p
GB00B3DGH821 | ||||
b)
| Nature of the transaction
| (a) Vesting of a conditional award in respect of 63,700 Shares under the rules of the De La Rue Deferred Bonus Plan. (b) Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
e)
| Date of the transaction
| (a) 8 July 2022 (b) 8 July 2022 | ||||
f)
| Place of the transaction
| (a) Outside a trading venue (b) London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Rob Harding | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director/Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| De La Rue plc | ||||
b)
| LEI
| 213800DH741LZWIJXP78 | ||||
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 44152/175p
GB00B3DGH821 | ||||
b)
| Nature of the transaction
| (a) Vesting of a conditional award in respect of 17,218 Shares under the rules of the De La Rue Deferred Bonus Plan. (b) Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
e)
| Date of the transaction
| (a) 8 July 2022 (b) 8 July 2022 | ||||
f)
| Place of the transaction
| (a) Outside a trading venue (b) London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Ruth Euling | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director/MD, Currency | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| De La Rue plc | ||||
b)
| LEI
| 213800DH741LZWIJXP78 | ||||
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 44152/175p
GB00B3DGH821 | ||||
b)
| Nature of the transaction
| (a) Vesting of a conditional award in respect of 25,669 Shares under the rules of the De La Rue Deferred Bonus Plan. (b) Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
e)
| Date of the transaction
| (a) 8 July 2022 (b) 8 July 2022 | ||||
f)
| Place of the transaction
| (a) Outside a trading venue (b) London Stock Exchange | ||||
Jane Hyde, Company Secretary
Contact Number: 01256 605212
11 July 2022
De La Rue plc's LEI code is 213800DH741LZWIJXP78.