Provident Financial PLC Director/PDMR Shareholding (8873M)

TIDMPFG

RNS Number : 8873M

Provident Financial PLC

18 October 2016

Provident Financial plc ("the Company")

PDMR transaction - Initial Notification

The Company confirms that on 17 October 2016, the following Person Discharging Managerial Responsibility ("PDMR") was granted a conditional award by the Company over ordinary shares of 20 8/11 pence each in the Company as set out below:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------- 
 a)   Name                             Chris Sweeney 
---  -------------------------------  -------------------------------------------------------- 
 2    Reason for Notification 
---  ----------------------------------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  -------------------------------------------------------- 
 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                      Ordinary Shares of 20 8/11 pence 
       of the financial                 each in Provident Financial plc 
       instrument,                      GB00B1Z4ST84 
       type of instrument 
       Identification 
       code 
---  -------------------------------  -------------------------------------------------------- 
 b)   Nature of the                                     i) grant of conditional award 
       transaction                                       by the Company over 20,434 shares. 
                                                         Vests on grant; 
                                                         ii) grant of conditional award 
                                                         by the Company over 16,330 shares. 
                                                         Subject to continued service, 
                                                         normally vests on 6 September 
                                                         2017; 
                                                         iii) grant of conditional award 
                                                         by the Company over 10,524 shares. 
                                                         Subject to continued service, 
                                                         normally vests on 5 September 
                                                         2018; and 
                                                         iv) sale of 9,560 shares to satisfy 
                                                         tax, national insurance contributions 
                                                         and dealing costs in connection 
                                                         with conditional award that vests 
                                                         on grant. 
---  -------------------------------  -------------------------------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         Nil          20,434 
                                          Nil          16,330 
                                          Nil          10,524 
                                          GBP30.13     9,560 
                                        -----------  ---------- 
---  -------------------------------  -------------------------------------------------------- 
 d)        Aggregated                  Grant Sale 
            information                 47,288 9,560 
             *    Aggregated volume 
                                        Nil GBP30.13 
 
             *    Price 
---  -------------------------------  -------------------------------------------------------- 
 e)   Date of the                      17 October 2016 
       transaction 
---  -------------------------------  -------------------------------------------------------- 
 f)   Place of the                     Outside a trading venue (grant 
       transaction                      of awards) and London Stock Exchange 
                                        (sale of shares) 
---  -------------------------------  -------------------------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Emma G Versluys, Deputy Company Secretary

Date of Notification:

18 October 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2016 04:00 ET (08:00 GMT)