RNS Number : 5087C

Provident Financial PLC

13 April 2017

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 8 April 2014 under the Provident Financial Performance Share Plan 2013 and the Provident Financial Long Term Incentive Scheme 2006 vested in full on 8 April 2017 following achievement of the relevant three year performance targets. The Company was notified on 12 April 2017 of the following transactions in relation to the Company's Ordinary Shares by Peter Stuart Crook, Andrew Charles Fisher, Nicholas Boakes, David Merrett, Ken Mullen and Mark Stevens, who are all directors/persons discharging managerial responsibility ("PDMRs") 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
Peter Stuart Crook	248,100 unrestricted shares and 332,690 restricted shares	0.167% 0.224%	12,362 unrestricted shares acquired and 76,129 unrestricted shares sold.	306,120 unrestricted shares and 210,903 restricted shares	0.206% 0.142%
Andrew Charles Fisher	156,128 unrestricted shares and 219,238 restricted shares	0.105% 0.147%	8,352 unrestricted shares acquired and 50,848 unrestricted shares sold.	196,016 unrestricted shares and 136,854 restricted shares	0.132% 0.092%
Nicholas Boakes	7,631 unrestricted shares and 24,306 restricted shares	0.005% 0.016%	906 unrestricted shares acquired and 5,217 unrestricted shares sold.	12,381 unrestricted shares and 15,245 restricted shares	0.008% 0.010%
David Merrett	4,553 unrestricted shares and 17,886 restricted shares	0.003% 0.012%	729 unrestricted shares acquired and 3,848 unrestricted shares sold.	8,740 unrestricted shares and 10,580 restricted shares	0.005% 0.007%
Ken Mullen	8,518 unrestricted shares and 30,265 restricted shares	0.005% 0.020%	1,252 unrestricted shares acquired and 7,522 unrestricted shares sold.	14,740 unrestricted shares and 17,773 restricted shares	0.009% 0.011%
Mark Stevens	13,522 unrestricted shares and 94,097 restricted shares	0.009% 0.061%	3,775 unrestricted shares acquired and 21,667 unrestricted shares sold.	33,148 unrestricted shares and 56,579 restricted shares	0.022% 0.038%

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

Peter Stuart Crook

2

Reason for the notification

a)

Position/status

Chief Executive 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

Vesting of awards under the Provident Financial Performance Share Plan 2013 and the Provident Financial Long Term Incentive Scheme 2006 on 8 April 2017 and subsequent sale of shares on 12 April 2017 as follows:

(i)         the performance conditions relating to 121,787 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares;

(ii)        acquisition of 12,362 unrestricted dividend shares; and

(iii)       the subsequent sale of 76,129 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£31.58	12,362
£31.05654	76,129

d)

Aggregated information

- Aggregated volume

- Price

Acquisition	Sale
12,362	76,129
£390,391.96	£2,364,303.33

e)

Date of the transaction

12 April 2017

f)

Place of the transaction

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

Andrew Charles Fisher

2

Reason for the notification

a)

Position/status

Finance Director

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 Performance Share Plan 2013 and the Provident Financial Long Term Incentive Scheme 2006 on 8 April 2017 and subsequent sale of shares on 12 April 2017 as follows:

(i)         the performance conditions relating to 82,384 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares;

(ii)        acquisition of 8,352 unrestricted dividend shares; and

(iii)       the subsequent sale of 50,848 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£31.58	8,352
£31.05654	50,848

d)

Aggregated information

- Aggregated volume

- Price

Acquisition	Sale
8,352	50,848
£263,756.16	£1,579,162.95

e)

Date of the transaction

12 April 2017

f)

Place of the transaction

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

Nicholas Boakes

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 Performance Share Plan 2013 and the Provident Financial Long Term Incentive Scheme 2006 on 8 April 2017 and subsequent sale of shares on 12 April 2017 as follows:

(i)         the performance conditions relating to 9,061 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares;

(ii)        acquisition of 906 unrestricted dividend shares; and

(iii)       the subsequent sale of 5,217 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£31.58	906
£31.05654	5,217

d)

Aggregated information

- Aggregated volume

- Price

Acquisition	Sale
906	5,217
£28,611.48	£162,021.97

e)

Date of the transaction

12 April 2017

f)

Place of the transaction

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

David Merrett

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 8 April 2017 and subsequent sale of shares on 12 April 2017 as follows:

(i)         the performance conditions relating to 7,306 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares;

(ii)        acquisition of 729 unrestricted dividend shares; and

(iii)       the subsequent sale of 3,848 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£31.58	729
£31.05654	3,848

d)

Aggregated information

- Aggregated volume

- Price

Acquisition	Sale
729	3,848
£23,021.82	£119,505.56

e)

Date of the transaction

12 April 2017

f)

Place of the transaction

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

Ken Mullen

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 Performance Share Plan 2013 and the Provident Financial Long Term Incentive Scheme 2006 on 8 April 2017 and subsequent sale of shares on 12 April 2017 as follows:

(i)         the performance conditions relating to 12,492 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares;

(ii)        acquisition of 1,252 unrestricted dividend shares; and

(iii)       the subsequent sale of 7,522 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£31.58	1,252
£31.05654	7,522

d)

Aggregated information

- Aggregated volume

- Price

Acquisition	Sale
1,252	7,522
£39,538.16	£233,607.29

e)

Date of the transaction

12 April 2017

f)

Place of the transaction

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

Mark Stevens

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 Performance Share Plan 2013 and the Provident Financial Long Term Incentive Scheme 2006 on 8 April 2017 and subsequent sale of shares on 12 April 2017 as follows:

(i)         the performance conditions relating to 37,518 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares;

(ii)        acquisition of 3,775 unrestricted dividend shares; and

(iii)       the subsequent sale of 21,667 unrestricted shares to cover tax and national insurance contributions arising on vesting.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£31.58	3,775
£31.05654	21,667

d)

Aggregated information

- Aggregated volume

- Price

Acquisition	Sale
3,775	21,667
£119,214.50	£672,902.05

e)

Date of the transaction

12 April 2017

f)

Place of the transaction

London Stock Exchange

Name of authorised official of issuer responsible for making notification:

Emma G Versluys, Deputy Company Secretary

Date of Notification:

13 April 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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