3 Apr 2020 11:39
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that it has granted the following awards over the Company's ordinary shares of 20 8/11p as follows:
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
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:
· 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
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)
| 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, 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)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
248,733
£540,000 | ||||
e)
| Date of the transaction | 1 April 2020 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
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)
| 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, 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)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
175,662
£324,978 | ||||
e)
| Date of the transaction | 2 April 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:
3 April 2020