Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that it has granted the following awards over the Company's ordinary shares of 20 8/11p as follows:
1. on 1 April 2020, the Company granted a conditional award over 248,733 ordinary shares of 20 8/11p for no consideration to Neeraj Kapur who is a Director of the Company under the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards"); and
2. on 2 April 2020 the Company also granted conditional awards over a total of 175,662 ordinary shares of 20 8/11p for no consideration to Neeraj Kapur. The conditional award will normally vest, subject to continued service and performance conditions, as follows:
· 34,265 ordinary shares of 20 8/11p will vest on 20 April 2021
· 50,540 ordinary shares of 20 8/11p will vest on 1 April 2022
· 23,830 ordinary shares of 20 8/11p will vest on 20 April 2022
· 67,027 ordinary shares of 20 8/11p will vest on 2 April 2023
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 |
Acquisition of a conditional award under the Provident Financial Long Term Incentive Scheme 2015 |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£2.17 |
248,733 |
|
d) |
Aggregated information - Aggregated volume - Price |
248,733 £540,000 |
e) |
Date of the transaction |
1 April 2020 |
f) |
Place of the transaction |
Outside a trading venue |
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 |
Grant of a conditional award by the Company over 175,662 shares under a Buy Out Award Agreement. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£1.85 |
175,662 |
|
d) |
Aggregated information - Aggregated volume - Price |
175,662 £324,978 |
e) |
Date of the transaction |
2 April 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:
3 April 2020
