De La Rue PLC Director/PDMR Shareholding

RNS Number : 7412V

De La Rue PLC

09 July 2024

 

De La Rue plc

 

Director/PDMR Shareholding

Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

9 July 2024

De La Rue plc (the "Company") announces that on 8 July 2024 awards made under the De La Rue Deferred Bonus Plan (the "DBP") to Clive Vacher and Ruth Euling (each of whom is an Executive Director and a Person Discharging Managerial Responsibilities ("PDMR") of the Company) automatically vested and were released.

In line with the rules of the DBP, the Company withheld a proportion of each award and sold sufficient Shares to fund income tax and national insurance withholdings and the associated dealing costs.  These Shares were sold in the market on 8 July 2024 at a weighted average price of 97.789 pence per Share.

The awards which automatically vested were granted under the DBP on 6 July 2022 (the shares released being the second half of the portion of the FY22 bonus which was deferred and share settled).

The vesting of these awards and the sale of shares to fund withholdings creates a change in the interests of each of them in the ordinary shares of 44¹⁵²/₁₇₅p of the Company ("Shares"):

Name of Director/PDMR	Role	Number of Shares subject to the Awards vesting	Number of Shares sold in the market	Number of Shares retained by the PDMR
Clive Vacher	CEO	67,315	31,751	35,564
Ruth Euling	MD, Currency	31,844	15,021	16,823

 

Following these transactions, the holdings of each of the PDMRs of the Company's Shares are as follows:

 

Name of Director/PDMR	Role	Number of Shares held by the PDMR
Clive Vacher	CEO	338,687
Ruth Euling	MD, Currency	102,225

 

 

 

The relevant information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clive Vacher
2	Reason for the notification
a)	Position/status	Executive Director/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	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44152/175p     GB00B3DGH821
b)	Nature of the transaction	(a)  Vesting of a conditional award in respect of a total of 67,315 Shares under the rules of the De La Rue Deferred Bonus Plan. (b)  Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs
c)	Price(s) and volume(s)	Price(s)   Volume(s)   (a)  £0.00 (b)  £0.97789   (a)  67,315 (b)  31,751
d)	Aggregated information   - Aggregated volume   - Price   - Aggregated total	N/A
e)	Date of the transaction	(a)  8 July 2024 (b)  8 July 2024
f)	Place of the transaction	(a)  Outside a trading venue (b)  London Stock Exchange

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ruth Euling
2	Reason for the notification
a)	Position/status	Executive Director/MD, Currency
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44152/175p     GB00B3DGH821
b)	Nature of the transaction	(a)  Vesting of a conditional award in respect of a total of 31,844 Shares under the rules of the De La Rue Deferred Bonus Plan. (b)  Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs
c)	Price(s) and volume(s)	Price(s)   Volume(s)   (a)  £0.00 (b)  £0.97789   (a)  31,844 (b)  15,021
d)	Aggregated information   - Aggregated volume   - Price   - Aggregated total	N/A
e)	Date of the transaction	(a)  8 July 2024 (b)  8 July 2024
f)	Place of the transaction	(a)  Outside a trading venue (b)  London Stock Exchange

 

 

Jon Messent, Company Secretary

Contact Number: 01256 605212

9 July 2024

 

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

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