12 May 2021 16:00
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
Â
The Company announces that on 11 May 2021, 34,265 ordinary shares of 20 8/11p ("Shares") have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020. 16,186 of those Shares were sold on 12 May 2021 to satisfy income tax and national insurance contributions due on vesting.
Â
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  | (1) Vesting of a conditional award by the Company over 34,265 shares under a Buy Out Award Agreement.  (2) subsequent sale of 16,186 Shares to satisfy income tax and national insurance contributions due on vesting.  | ||||||
c) Â | Price(s) and volume(s) Â Â | Â
| ||||||
d)  | Aggregated information   - Aggregated volume - Price  |  Â
| ||||||
e) Â | Date of the transaction | 12 May 2021 | ||||||
f) Â | Place of the transaction | (1) Outside a trading venue (2) London Stock Exchange |
Â
Name of authorised official of issuer responsible for making notification:
David Whincup, Deputy Company Secretary
Date of Notification:
12 May 2021