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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Neeraj Kapur |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Finance Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Provident Financial plc |
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b) |
LEI |
213800U93SZC44VXN635 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 20 8/11p GB00B1Z4ST84 |
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b) |
Nature of the transaction |
Acquisition of a conditional award under the Provident Financial Long Term Incentive Scheme 2015 |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
248,733 £540,000 |
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e) |
Date of the transaction |
1 April 2020 |
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f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Neeraj Kapur |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Finance Officer |
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|
b) |
Initial notification /Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Provident Financial plc |
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|
b) |
LEI |
213800U93SZC44VXN635 |
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|
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 |
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b) |
Nature of the transaction |
Grant of a conditional award by the Company over 175,662 shares under a Buy Out Award Agreement. |
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c) |
Price(s) and volume(s) |
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|
d) |
Aggregated information - Aggregated volume - Price |
175,662 £324,978 |
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e) |
Date of the transaction |
2 April 2020 |
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f) |
Place of the transaction |
Outside a trading venue |
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Name of authorised official of issuer responsible for making notification:
David Whincup, Deputy Company Secretary
Date of Notification :
3 April 2020
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