5th Apr 2022 12:30
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that on 1 April 2022, 50,540 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. 23,874 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.
The Company also announces that on 1 April 2022, 44,781 Shares have vested to Malcolm Le May, who is a director of the Company, in respect of a Basic Award under the Provident Financial Deferred Bonus Plan granted on 1 April 2019. 21,154 of those Shares were sold on 1 April 2022 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 /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 of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20 8/11p
GB00B1Z4ST84
| ||||||
b)
| Nature of the transaction
| (1) Vesting of a conditional award by the Company over 50,540 shares under a Buy Out Award Agreement.
(2) Subsequent sale of 23,874 Shares to satisfy income tax and national insurance contributions due on vesting.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume - Price
|
| ||||||
e)
| Date of the transaction | 1 April 2022 | ||||||
f)
| Place of the transaction | (1) Outside a trading venue (2) London Stock Exchange | ||||||
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
| Malcom Le May
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chief Execuive Officer | ||||||
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 of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20 8/11p
GB00B1Z4ST84
| ||||||
b)
| Nature of the transaction
| (1) Vesting of a Basic Award under the Provident Financial Deferred Bonus Plan on 1 April 2022 by the Company over 44,781 shares.
(2) Subsequent sale of 21,154 Shares to satisfy income tax and national insurance contributions due on vesting.
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume - Price
|
| ||||||
e)
| Date of the transaction | 1 April 2022 | ||||||
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:
5 April 2022
Related Shares:
PFG.L