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 |
a) |
Name |
Shamus Hodgson |
2 |
Reason for the notification |
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 |
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 |
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. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£8.72 |
1,585 |
£8.585 |
2,634 |
|
d) |
Aggregated information - Aggregated volume - Price |
Acquisition |
Sale |
1,585 |
2,634 |
£13,821.20 |
£22,612.89 |
|
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