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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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· 34,265 ordinary shares of 20 8/11p will vest on 20 April 2021
· 50,540 ordinary shares of 20 8/11p will vest on 1 April 2022
· 23,830 ordinary shares of 20 8/11p will vest on 20 April 2022
· 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  | Details of the person discharging managerial responsibilities / person closely associated  | |||||
a)  | Name  | Neeraj Kapur  | ||||
2  | Reason for the notification  | |||||
a)  | Position/status  | Chief Finance Officer | ||||
b)  | Initial notification /Amendment  | Initial notification | ||||
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | |||||
a)  | Name  | Provident Financial plc | ||||
b) Â | LEI Â | 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, type of instrument  Identification code   |  Ordinary Shares of 20 8/11p  GB00B1Z4ST84   | ||||
b)  | Nature of the transaction  | Acquisition of a conditional award under the Provident Financial Long Term Incentive Scheme 2015 | ||||
c) Â | Price(s) and volume(s) Â Â | Â
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d)  | Aggregated information  - Aggregated volume  - Price  |   248,733  £540,000 | ||||
e) Â | Date of the transaction | 1 April 2020 | ||||
f) Â | Place of the transaction | Outside a trading venue | ||||
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1  | Details of the person discharging managerial responsibilities / person closely associated  | |||||
a)  | Name  | Neeraj Kapur  | ||||
2  | Reason for the notification  | |||||
a)  | Position/status  | Chief Finance Officer | ||||
b)  | Initial notification /Amendment  | Initial notification | ||||
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | |||||
a)  | Name  | Provident Financial plc | ||||
b) Â | LEI Â | 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, type of instrument  Identification code   |  Ordinary Shares of 20 8/11p  GB00B1Z4ST84   | ||||
b)  | Nature of the transaction  | Grant of a conditional award by the Company over 175,662 shares under a Buy Out Award Agreement.  | ||||
c) Â | Price(s) and volume(s) Â Â | Â
| ||||
d)  | Aggregated information  - Aggregated volume  - Price  |   175,662  £324,978 | ||||
e) Â | Date of the transaction | 2 April 2020 | ||||
f) Â | 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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