De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
8 July 2021
De La Rue plc (the "Company") announces that it has today granted awards under the De La Rue Deferred Bonus Plan (the "DBP") to Clive Vacher, Rob Harding and Ruth Euling, each of whom is an Executive Director and a Person Discharging Managerial Responsibilities ("PDMR") of the Company. The granting of the awards creates a change in the interests of each of them in the ordinary shares of 44152/175p of the Company ("Shares").
The awards, which were granted on 8 July 2021 (the "Award Date"), represent the value of 40% of the annual bonus that each individual earned in the year ended 27 March 2021, the structure of which was disclosed in the remuneration report within the 2021 Annual Report. This portion of the annual bonus is deferred in two equal parts, one vesting on the first anniversary of the Award Date and the other vesting on the second anniversary of the Award Date and in each case settled in Shares of the Company. As the bonus has already been earned, there is no post-grant performance condition to be satisfied.
The awards (each an "Award") are structured as conditional shares and were granted under the rules of the DBP as follows:
| Name of Director/PDMR | Role | Number of Shares subject to the Award |
| Clive Vacher | CEO | 127,400 |
| Rob Harding | CFO | 34,435 |
| Ruth Euling | MD, Currency | 51,337 |
The number of Shares contained in each Award was calculated by reference to a price of 186.16 pence, being the average of the closing middle market quotation for the Company's Shares for the five consecutive dealing days ending on 7 July 2021.
The relevant information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Clive Vacher | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Executive Director/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
| De La Rue plc | ||||
| b)
| LEI
| 213800DH741LZWIJXP78 | ||||
| 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 44152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Grant of a conditional award in respect of 127,400 Shares under the rules of the De La Rue Deferred Bonus Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 8 July 2021 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Rob Harding | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Executive Director/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
| De La Rue plc | ||||
| b)
| LEI
| 213800DH741LZWIJXP78 | ||||
| 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 44152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Grant of a conditional award in respect of 34,435 Shares under the rules of the De La Rue Deferred Bonus Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 8 July 2021 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Ruth Euling | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Executive Director/MD, Currency | ||||
| b)
| Initial notification /Amendment
| Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| De La Rue plc | ||||
| b)
| LEI
| 213800DH741LZWIJXP78 | ||||
| 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 44152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Grant of a conditional award in respect of 51,337 Shares under the rules of the De La Rue Deferred Bonus Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 8 July 2021 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
Jane Hyde, Company Secretary
Contact Number: 01256 605212
8 July 2021
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
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