Source - LSE Regulatory
RNS Number : 8774I
Provident Financial PLC
16 December 2020


Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification


The Company announces that 3,208 ordinary shares of 20 8/11p ("Shares") have been delivered for no consideration to Malcolm Le May, who is a director of the Company, as a role based allowance (the "RBA").


The RBA is equal in value to 15% of his base salary as at the date of this announcement but pro rated for the period starting on 3 November 2020 (being the date on which the Company's shareholders approved the directors' remuneration policy including the award of RBAs) and ending on 31 December 2020. The number of Shares delivered was calculated by dividing the monetary value of the RBA (less deductions for income tax and social security) by the closing mid-market price of a Share on the London Stock Exchange on 15 December 2020.


The Shares delivered under the RBA will be held by a nominee and subject to a holding period, during which the Shares cannot be sold, transferred, charged, pledged, mortgaged or otherwise encumbered. The holding period will end for one third of the Shares subject to the RBA on each of 15 December 2021, 15 December 2022 and 15 December 2023.



Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them



Details of the person discharging managerial responsibilities / person closely associated






Malcolm Le May




Reason for the notification






Chief Executive Officer



Initial notification /Amendment


Initial notification



Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor






Provident Financial plc








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




Description of the financial instrument, type of instrument


Identification code


Ordinary Shares of 20 8/11p








Nature of the transaction


Delivery of Shares as a role based allowance.



Price(s) and volume(s)










Aggregated information


- Aggregated volume


- Price

Not applicable




Date of the transaction

15 December 2020



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:

15 December 2020



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.