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2 May 2018 17:14
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
On 2 May 2018, the Company was notified that on 2 May 2018 SG Kleinwort Hambros Trust Company (CI) Limited, as trustees of the Provident Financial plc 2007 Employee Benefit Trust, transferred the beneficial interest in 3,383 ordinary shares of 20 8/11p in the capital of the Company for no consideration to Richard King, who is a person discharging managerial responsibility ("PDMR") in the Company, in satisfaction of an additional award granted on 1 May 2018 subject to and in accordance with the terms of the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards"). This additional award was granted to correct an error made when granting the previous award made on 16 April 2018 and is an exceptional circumstance.
Director/ PDMR | Beneficial holding of Ordinary Shares prior to the Dealing | % of issued share capital prior to the Dealing | Ordinary Shares acquired by or on behalf of Director / PDMR | Resultant Beneficial holding of Ordinary Shares after the Dealing | Resultant % of issued share capital after the Dealing |
Richard King | 0 unrestricted shares and 16,432 restricted shares | 0% 0.006% | 3,383 restricted shares | 0 unrestricted shares and 19,815 restricted shares | 0% 0.007% |
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
| Richard King
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
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 shares under the Provident Financial Long Term Incentive Scheme 2015 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction | ||||
e)
| Date of the transaction | 1 May 2018 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Name of authorised official of issuer responsible for making notification:
Ken Mullen, General Counsel and Company Secretary
Date of Notification:
2 May 2018
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