Provident Financial PLC Director/PDMR Shareholding (8138Q)

TIDMPFG

RNS Number : 8138Q

Provident Financial PLC

14 September 2017

Provident Financial plc ("the Company")

PDMR transaction - Initial Notification

The Company announces that the conditional award granted to the following person discharging managerial responsibility ("PDMR") over the Company's ordinary shares of 20 8/11p on 17 October 2016, vested in full on 6 September 2017. The Company was notified on 14 September 2016 of the following transactions in relation to the award as set out below:

 
 Director/   Beneficial            % of       Ordinary                Resultant             Resultant 
  PDMR        holding               issued     Shares acquired/sold    Beneficial            % of 
              of Ordinary           share      by or on                holding               issued 
              Shares prior          capital    behalf of               of Ordinary           share 
              to the Dealing        prior      Director                Shares after          capital 
                                    to the     / PDMR                  the Dealing           after 
                                    Dealing                                                  the Dealing 
----------  --------------------  ---------  ----------------------  --------------------  ------------- 
 Chris       22,499 unrestricted   0.015%     16,330 unrestricted     31,544 unrestricted   0.021% 
  Sweeney     shares and                       shares acquired         shares and 
              90,928 restricted     0.061%     and 7,285               90,928 restricted     0.061% 
              shares                           shares sold.            shares. 
----------  --------------------  ---------  ----------------------  --------------------  ------------- 
 

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                             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 16,330 shares 
                                             vested on 6 September 2017; and 
                                             ii) sale of 7,285 shares on 13 
                                             September 2017 to satisfy tax, 
                                             national insurance contributions 
                                             and dealing costs in connection 
                                             with the conditional award that 
                                             vested on 6 September 2017. 
---  -------------------------------  ---------------------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         Nil         16,330 
                                          GBP8.34     7,285 
                                        ----------  ---------- 
---  -------------------------------  ---------------------------------------- 
 d)   Aggregated                       Vesting Sale 
       information                      16,330 7,285 
        *    Aggregated volume          Nil GBP60,756.90 
 
 
        *    Price 
---  -------------------------------  ---------------------------------------- 
 e)   Date of the                      13 September 2017 
       transaction 
---  -------------------------------  ---------------------------------------- 
 f)   Place of the                     London Stock Exchange 
       transaction 
---  -------------------------------  ---------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Paula Watts, Deputy Company Secretary

Date of Notification:

14 September 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 14, 2017 11:51 ET (15:51 GMT)