Source - LSE Regulatory
RNS Number : 9239I
Provident Financial PLC
21 April 2022
 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

 

The Company announces that on 20 April 2022, 23,830 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.  11,553 of those Shares were sold on 20 April 2022 to satisfy income tax and national insurance contributions due on vesting.

 

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)

 

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

 

(1) Vesting of a conditional award by the Company over 23,830 shares under a Buy Out Award Agreement.

 

(2) subsequent sale of 11,553 Shares to satisfy income tax and national insurance contributions due on vesting.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£0

23,830

£2.629

11,553

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

 

 

Acquisition on vesting

Sale

23,830

11,553

Nil

£30,370.32

e)

 

Date of the transaction

20 April 2022

f)

 

Place of the transaction

(1) Outside a trading venue

(2) London Stock Exchange

 

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification:

21 April 2022

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