Provident Financial PLC Director/PDMR Share Dealing (7592I)

TIDMPFG

RNS Number : 7592I

Provident Financial PLC

03 April 2020

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Neeraj Kapur 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Chief Finance Officer 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
 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,          Ordinary Shares of 20 8/11p 
       type of instrument 
                                      GB00B1Z4ST84 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Acquisition of a conditional award 
                                     under the Provident Financial Long 
                                     Term Incentive Scheme 2015 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       GBP2.17     248,733 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            248,733 
 
       - Price                        GBP540,000 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       1 April 2020 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Outside a trading venue 
     ----------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Neeraj Kapur 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Chief Finance Officer 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
 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,          Ordinary Shares of 20 8/11p 
       type of instrument 
                                      GB00B1Z4ST84 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Grant of a conditional award by the 
                                     Company over 175,662 shares under 
                                     a Buy Out Award Agreement. 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       GBP1.85     175,662 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            175,662 
 
       - Price                        GBP324,978 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       2 April 2020 
     ----------------------------  ------------------------------------- 
 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 :

3 April 2020

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April 03, 2020 06:39 ET (10:39 GMT)