RNS Number : 3080H
Provident Financial PLC
05 April 2022
 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

 

The Company announces that on 1 April 2022, 50,540 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.  23,874 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.

The Company also announces that on 1 April 2022, 44,781 Shares have vested to Malcolm Le May, who is a director of the Company, in respect of a Basic Award under the Provident Financial Deferred Bonus Plan granted on 1 April 2019.  21,154 of those Shares were sold on 1 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 50,540 shares under a Buy Out Award Agreement.

 

(2) Subsequent sale of  23,874 Shares to satisfy income tax and national insurance contributions due on vesting.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£0

50,540

£2.923

23,874

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

 

 

Acquisition on vesting

Sale

50,540

23,874

Nil

£69,783.70

e)

 

Date of the transaction

1 April 2022

f)

 

Place of the transaction

(1) Outside a trading venue

(2) London Stock Exchange

 

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

 

Malcom Le May

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Execuive 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 Basic Award under the Provident Financial Deferred Bonus Plan on 1 April 2022 by the Company over 44,781 shares.

 

(2) Subsequent sale of 21,154 Shares to satisfy income tax and national insurance contributions due on vesting.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£0

44,781

£2.923

21,154

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

 

 

Acquisition on vesting

Sale

44,781

21,154

Nil

£61,833.14

e)

 

Date of the transaction

1 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:

5 April 2022

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