14 Sep 2017 16:51
Provident Financial plc ("the Company")
PDMR transaction - Initial Notification
The Company announces that the conditional award granted to the following person discharging managerial responsibility ("PDMR") over the Company's ordinary shares of 20 8/11p on 17 October 2016, vested in full on 6 September 2017. The Company was notified on 14 September 2016 of the following transactions in relation to the award as set out below:
Director/ PDMR | Beneficial holding of Ordinary Shares prior to the Dealing | % of issued share capital prior to the Dealing | Ordinary Shares acquired/sold by or on behalf of Director / PDMR | Resultant Beneficial holding of Ordinary Shares after the Dealing | Resultant % of issued share capital after the Dealing |
Chris Sweeney | 22,499 unrestricted shares and 90,928 restricted shares | 0.015%
0.061% | 16,330 unrestricted shares acquired and 7,285 shares sold. | 31,544 unrestricted shares and 90,928 restricted shares. | 0.021%
0.061%
|
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 Sweeney | ||||
2 | Reason for 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 8/11 pence each in Provident Financial plc GB00B1Z4ST84 | ||||
b) | Nature of the transaction | i) grant of conditional award by the Company over 16,330 shares vested on 6 September 2017; and ii) sale of 7,285 shares on 13 September 2017 to satisfy tax, national insurance contributions and dealing costs in connection with the conditional award that vested on 6 September 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Vesting Sale 16,330 7,285 Nil £60,756.90 | ||||
e) | Date of the transaction | 13 September 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Name of authorised official of issuer responsible for making notification:
Paula Watts, Deputy Company Secretary
Date of Notification:
14 September 2017