Source - LSE Regulatory
RNS Number : 2728I
Provident Financial PLC
31 March 2020
 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

 

The Company announces that it has granted the following awards on 30 March 2020 over the Company's ordinary shares of 20 8/11p as follows:

 

1.   The Company has granted conditional awards over 550,975 ordinary shares of 20 8/11p for no consideration to Malcolm Le May, who is a director of the Company, under the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards"); and

 

2.   The Company has granted awards over 118,365 and 54,498 ordinary shares of 20 8/11p to Malcolm Le May and Simon Thomas respectively, who are directors of the Company, under the Provident Financial Deferred Bonus Plan (the "DBP Awards") at a price of £2.20 per ordinary share.

 

In respect of the DBP Awards, SG Kleinwort Hambros Trust Company (CI) Limited subscribed for 172,863 ordinary shares and will transfer the legal and beneficial interest to the participants in satisfaction of the DBP Awards granted subject to and in accordance with the terms of the Provident Financial Deferred Bonus Plan.

 

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)

 

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 and an award under the Provident Financial Deferred Bonus Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£0

550,975

£2.20

118,365

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

669,340

 

£260,760

e)

 

Date of the transaction

30 March 2020

f)

 

Place of the transaction

Outside a trading venue

 

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 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

 

 

An award under the Provident Financial Deferred Bonus Plan.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£2.20

54,498

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

54,498

 

£120,060

e)

 

Date of the transaction

30 March 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:

31 March 2020


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