6th Sep 2017 16:37
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that the awards over the Company's ordinary shares of 20 8/11p each ("Ordinary Shares") granted on 1 September 2014 under the Provident Financial Long Term Incentive Scheme 2006 vested in part to a total of 86% on 1 September 2017 following achievement of the relevant three year performance targets. The Company was notified on 5 September 2017 of the following transactions in relation to the Company's Ordinary Shares by Shamus Hodgson, who is a person discharging managerial responsibility ("PDMR") in the Company:
Director/ PDMR | Beneficial holding of Ordinary Shares prior to the Dealing | % of issued share capital prior to the Dealing | Ordinary Shares acquired/sold by or on behalf of Director / PDMR | Resultant Beneficial holding of Ordinary Shares after the Dealing | Resultant % of issued share capital after the Dealing |
Shamus Hodgson | 3,396 unrestricted shares and 21,231 restricted shares | 0.002%
0.014% | 1,585 unrestricted shares acquired and 2,634 shares sold. | 6,267 unrestricted shares and 16,673 restricted shares. | 0.004%
0.011%
|
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
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a)
| Name
| Shamus Hodgson
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2
| Reason for the notification
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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
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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
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a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20 8/11p
GB00B1Z4ST84
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b)
| Nature of the transaction
| Vesting of awards under the Provident Financial Long Term Incentive Scheme 2006 on 1 September 2017 and subsequent sale of shares on 4 September 2017 as follows: (i) the performance conditions relating to 3,920 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares; (ii) acquisition of 1,585 unrestricted dividend shares; and (iii) the subsequent sale of 2,634 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.
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c)
| Price(s) and volume(s)
|
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d)
| Aggregated information
- Aggregated volume
- Price
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e)
| Date of the transaction | 4 September 2017 | ||||||
f)
| Place of the transaction | London Stock Exchange | ||||||
Name of authorised official of issuer responsible for making notification:
Paula Watts, Deputy Company Secretary
Date of Notification:
6 September 2017
Related Shares:
PFG.L