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3 Apr 2020 11:39
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
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The Company announces that it has granted the following awards over the Company's ordinary shares of 20 8/11p as follows:
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1. on 1 April 2020, the Company granted a conditional award over 248,733 ordinary shares of 20 8/11p for no consideration to Neeraj Kapur who is a Director of the Company under the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards"); and
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2. on 2 April 2020 the Company also granted conditional awards over a total of 175,662 ordinary shares of 20 8/11p for no consideration to Neeraj Kapur. The conditional award will normally vest, subject to continued service and performance conditions, as follows:
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Ā· 34,265 ordinary shares of 20 8/11p will vest on 20 April 2021
Ā· 50,540 ordinary shares of 20 8/11p will vest on 1 April 2022
Ā· 23,830 ordinary shares of 20 8/11p will vest on 20 April 2022
Ā· 67,027 ordinary shares of 20 8/11p will vest on 2 April 2023
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Ā | Details of the person discharging managerial responsibilities / person closely associated Ā | |||||
a) Ā | Name Ā | Neeraj Kapur Ā | ||||
2 Ā | Reason for the notification Ā | |||||
a) Ā | Position/status Ā | Chief Finance Officer | ||||
b) Ā | Initial notification /Amendment Ā | Initial notification | ||||
3 Ā | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Ā | |||||
a) Ā | Name Ā | Provident Financial plc | ||||
b) Ā | LEI Ā | 213800U93SZC44VXN635 | ||||
4 Ā | 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 Ā | |||||
a) Ā | Description of the financial instrument, type of instrument Ā Identification code Ā Ā | Ā Ordinary Shares of 20 8/11p Ā GB00B1Z4ST84 Ā Ā | ||||
b) Ā | Nature of the transaction Ā | Acquisition of a conditional award under the Provident Financial Long Term Incentive Scheme 2015 | ||||
c) Ā | Price(s) and volume(s) Ā Ā | Ā
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d) Ā | Aggregated information Ā - Aggregated volume Ā - Price Ā | Ā Ā 248,733 Ā Ā£540,000 | ||||
e) Ā | Date of the transaction | 1 April 2020 | ||||
f) Ā | Place of the transaction | Outside a trading venue | ||||
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1 Ā | Details of the person discharging managerial responsibilities / person closely associated Ā | |||||
a) Ā | Name Ā | Neeraj Kapur Ā | ||||
2 Ā | Reason for the notification Ā | |||||
a) Ā | Position/status Ā | Chief Finance Officer | ||||
b) Ā | Initial notification /Amendment Ā | Initial notification | ||||
3 Ā | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Ā | |||||
a) Ā | Name Ā | Provident Financial plc | ||||
b) Ā | LEI Ā | 213800U93SZC44VXN635 | ||||
4 Ā | 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 Ā | |||||
a) Ā | Description of the financial instrument, type of instrument Ā Identification code Ā Ā | Ā Ordinary Shares of 20 8/11p Ā GB00B1Z4ST84 Ā Ā | ||||
b) Ā | Nature of the transaction Ā | Grant of a conditional award by the Company over 175,662 shares under a Buy Out Award Agreement. Ā | ||||
c) Ā | Price(s) and volume(s) Ā Ā | Ā
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d) Ā | Aggregated information Ā - Aggregated volume Ā - Price Ā | Ā Ā 175,662 Ā Ā£324,978 | ||||
e) Ā | Date of the transaction | 2 April 2020 | ||||
f) Ā | Place of the transaction | Outside a trading venue | ||||
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Name of authorised official of issuer responsible for making notification:
David Whincup, Deputy Company Secretary
Date of Notification:
3 April 2020
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