Provident Financial PLC Director/PDMR Shareholding (8133H)
April 08 2022 - 6:15AM
UK Regulatory
TIDMPFG
RNS Number : 8133H
Provident Financial PLC
08 April 2022
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that it has granted the following awards
on 7 April 2022 over the Company's ordinary shares of 20 8/11p as
follows:
1. The Company has granted nil-cost options over 289,593 and
212,936 ordinary shares of 20 8/11p for no consideration to Malcolm
Le May and Neeraj Kapur respectively, who are directors/persons
discharging managerial responsibility ("PDMRs") in the Company,
under the Provident Financial 2020 Restricted Share Plan (the "RSP
Options"); and
2. The Company has granted awards over 158,862 and 97,342
ordinary shares of 20 8/11p to Malcolm Le May and Neeraj Kapur
respectively, who are directors and PDMRs in the Company, under the
Provident Financial Deferred Bonus Plan 2013 (the "DBP Awards")
The number of ordinary shares awarded under the RSP Options and
DBP Awards is based on the average closing share price on the
London Stock Exchange between 31 March 2022 and 6 April 2022 of
GBP2.9628, discounted from that price at grant to reflect the
absence of dividend equivalents during the vesting period.
In respect of the DBP Awards, SG Kleinwort Hambros Trust Company
(CI) Limited will transfer the beneficial interest to the
participants, including the PDMRs, in satisfaction of the DBP
Awards granted subject to and in accordance with the terms of the
Provident Financial Deferred Bonus Plan 2013.
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 Initial notification
/Amendment
--------------------------- --------------------------------------
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, Ordinary Shares of 20 8/11p
type of instrument
GB00B1Z4ST84
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Acquisition of nil-cost options under
the Provident Financial Restricted
Share Plan 2020 and an award under
the Provident Financial Deferred
Bonus Plan 2013.
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 289,593
----------
GBP2.5888 158,862
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 448,455
- Price GBP411,262
--------------------------- --------------------------------------
e) Date of the transaction 7 April 2022
--------------------------- --------------------------------------
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 Neeraj Kapur
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------
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, Ordinary Shares of 20 8/11p
type of instrument
GB00B1Z4ST84
Identification code
--------------------------- --------------------------------------
b) Nature of the transaction Acquisition of nil-cost options under
the Provident Financial Restricted
Share Plan 2020 and an award under
the Provident Financial Deferred
Bonus Plan 2013.
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0 212,936
----------
GBP2.5888 97,342
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 310,278
- Price GBP251,999
--------------------------- --------------------------------------
e) Date of the transaction 7 April 2022
--------------------------- --------------------------------------
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 :
8 April 2022
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END
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