Provident Financial PLC Director/PDMR Shareholding (4161Y)

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RNS Number : 4161Y

Provident Financial PLC

12 May 2021

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that on 11 May 2021, 34,265 ordinary shares of 20 8/11p ("Shares") have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020. 16,186 of those Shares were sold on 12 May 2021 to satisfy income tax and national insurance contributions due on vesting.

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   (1) Vesting of a conditional award 
                                   by the Company over 34,265 shares 
                                   under a Buy Out Award Agreement. 
 
                                   (2) subsequent sale of 16,186 Shares 
                                   to satisfy income tax and national 
                                   insurance contributions due on vesting. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0        34,265 
                                                ---------- 
                                     GBP2.39     16,186 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                     Acquisition on     Sale 
                                         vesting 
       - Aggregated volume               34,265        16,186 
       - Price                                       ---------- 
                                          Nil         GBP38,684 
                                                     ---------- 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     12 May 2021 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    (1) Outside a trading venue 
                                   (2) London Stock Exchange 
     --------------------------  ----------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification :

12 May 2021

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May 12, 2021 11:00 ET (15:00 GMT)