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 £2.9628, 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 /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 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
448,455
£411,262 | ||||||
| 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 /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 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)
|
| ||||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
310,278
£251,999 | ||||||
| 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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