3 Apr 2019 15:47
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
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The Company announces that it has granted the following awards on 1 April 2019 over the Company's ordinary shares of 20 8/11p as follows:
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1. The Company has granted conditional awards over 669,203 ordinary shares of 20 8/11p for no consideration to Malcolm Le May, Simon Thomas, Conor Breslin, Chris Gillespie, Shamus Hodgson and Richard King, who are all directors/persons discharging managerial responsibility ("PDMRs") in the Company, under the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards");
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2. The Company has granted an award over 44,781 ordinary shares of 20 8/11p to Malcolm Le May, who is a director and PDMR in the Company, under the Provident Financial Deferred Bonus Plan 2013 (the "DBP Awards") at a price of £5.118 per ordinary share; and
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3. The Company has granted a conditional award over 11,254 ordinary shares of 20 8/11p for no consideration to Charlotte Davies, who is a PDMR in the Company, which subject to continued service and performance will normally vest on 1 April 2022.
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In respect of the DBP Awards, SG Kleinwort Hambros Trust Company (CI) Limited subscribed for 85,798 ordinary shares and will transfer the legal and beneficial interest to the participants, including the PDMR, in satisfaction of the DBP Awards granted subject to and in accordance with the terms of the Provident Financial Deferred Bonus Plan 2013.
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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 |
Malcolm Le May | 0 unrestricted shares and 204,498 restricted shares  | 0%  0.081% | 44,781 unrestricted and 273,544 restricted shares | 44,781 unrestricted shares and 478,042 restricted shares | 0.018%  0.189% |
Simon Thomas | 0 unrestricted shares and 0 restricted shares  | 0%  0% | 174,384 restricted shares | 0 unrestricted shares and 174,384 restricted shares | 0%  0.069% |
Charlotte Davies | 0 unrestricted shares and 0 restricted shares  | 0%  0% | 11,254 restricted shares | 0 unrestricted shares and 11,254 restricted shares | 0%  0.004% |
Conor Breslin  | 0 unrestricted shares and 29,214 restricted shares  | 0%  0% | 48,358 restricted shares | 0 unrestricted shares and 77,572 restricted shares | 0%  0.030% |
Chris Gillespie | 24,728 unrestricted shares and 98,597 restricted shares  | 0.009% 0.038%  | 87,924 restricted shares | 24,728 unrestricted shares and 186,521 restricted shares | 0.010%  0.074% |
Shamus Hodgson | 5,551 unrestricted shares and 52,236 restricted shares | 0.002% Â 0.022% Â | 58,616 restricted shares | 5,551 unrestricted shares and 110,852 restricted shares | 0.002% Â 0.044% |
Richard King | 0 unrestricted shares and 19,815 in restricted shares  | 0% 0.007% | 26,377 restricted shares | 0 unrestricted shares and 46,192 restricted shares | 0%  0.018% |
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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  | Malcolm Le May  | ||||||
2  | Reason for the notification  | |||||||
a)  | Position/status  | 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  | 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 and an award under the Provident Financial Deferred Bonus Plan 2013.  | ||||||
c) Â | Price(s) and volume(s) Â Â | Â
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d)  | Aggregated information  - Aggregated volume  - Price  |   318,325  £229,189.16 | ||||||
e) Â | Date of the transaction | 1 April 2019 | ||||||
f) Â | Place of the transaction | Outside a trading venue | ||||||
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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  | Simon Thomas | ||||
2  | Reason for the notification  | |||||
a)  | Position/status  | 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  | 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
| ||||
d)  | Aggregated information  - Aggregated volume  - Price  |   174,384  £0 | ||||
e) Â | Date of the transaction | 1 April 2019 | ||||
f) Â | Place of the transaction | Outside a trading venue | ||||
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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  | Charlotte Davies  | ||||
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) 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 11,254 shares under a Buy Out Award Agreement.  | ||||
c) Â | Price(s) and volume(s) Â Â | Â
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d)  | Aggregated information  - Aggregated volume  - Price  |   11,254  £0 | ||||
e) Â | Date of the transaction | 1 April 2019 | ||||
f) Â | Place of the transaction | Outside a trading venue | ||||
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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  | Conor Breslin | ||||
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) 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
| ||||
d)  | Aggregated information  - Aggregated volume  - Price  |   48,358  £0 | ||||
e) Â | Date of the transaction | 1 April 2019 | ||||
f) Â | Place of the transaction | Outside a trading venue | ||||
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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  | Chris Gillespie  | ||||
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) 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
| ||||
d)  | Aggregated information  - Aggregated volume  - Price  |   87,924  £0 | ||||
e) Â | Date of the transaction | 1 April 2019 | ||||
f) Â | Place of the transaction | Outside a trading venue | ||||
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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  | Shamus Hodgson
| ||||
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) 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
| ||||
d)  | Aggregated information  - Aggregated volume  - Price  |   58,616  £0 | ||||
e) Â | Date of the transaction | 1 April 2019 | ||||
f) Â | Place of the transaction | Outside a trading venue | ||||
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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  | 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) 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
| ||||
d)  | Aggregated information  - Aggregated volume  - Price  |   26,377  £0 | ||||
e) Â | Date of the transaction | 1 April 2019 | ||||
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 2019