Director/PDMR Shareholding

RNS Number : 7877S

De La Rue PLC

27 June 2018

 

De La Rue plc

Director/PDMR Shareholding

Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

27 June 2018

De La Rue plc (the "Company") announces the following changes in the interests of Directors and  Persons Discharging Managerial Responsibilities (PDMRs) in ordinary shares of 44 ^152/175p  ("Shares") in the capital of the Company.

De La Rue Performance Share Plan ("PSP")

On 26 June 2018, in accordance with the PSP the Directors and PDMRs listed in the table below were awarded an interest in Shares following the grant of an award of Nil Cost Options over the Company's Shares. The number of Shares awarded was calculated by reference to a price of £5.51, being the average of the Company's middle market closing price for a Share for the five consecutive dealing days commencing on 19 June  2018.

Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on        26 June 2022, subject to continued employment with De La Rue and the achievement of a number of performance conditions. The number of Shares shown below represents the maximum that may be acquired if all performance conditions are achieved in full. The Company may also transfer additional Shares to reflect the value of dividends that would have been paid over the period between the Award Date and the Vesting Date on the Shares that vest.

Name	Director/ PDMR	Shares awarded
Martin Sutherland	Director/PDMR	88,929
Jo Easton	PDMR	39,019
Bryan Gray	PDMR	53,539
Richard Hird	PDMR	49,001
Ed Peppiatt	PDMR	42,286
Selva Selvaratnam	PDMR	53,357

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

Ed Peppiatt, Company Secretary

Contact Number: 01256 605343

27 June 2018

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Sutherland
2	Reason for the notification
a)	Position/status	Executive Director/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	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44 152/175p GB00B3DGH821
b)	Nature of the transaction	Award of 88,929 Shares at nil cost under the Performance Share Plan. Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on 26 June 2022, subject to continued employment and the achievement of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 88,929
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	London, outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jo Easton
2	Reason for the notification
a)	Position/status	Group Director of Human Resources
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44 152/175p GB00B3DGH821
b)	Nature of the transaction	Award of 39,019 Shares at nil cost under the Performance Share Plan. Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on 26 June 2022, subject to continued employment and the achievement of performance conditions.
c)	Price(s) and volume(s)	Price Volume(s) £0.00 39,019
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	London, outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bryan Gray
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44 152/175p GB00B3DGH821
b)	Nature of the transaction	Award of 53,539 Shares at nil cost under the Performance Share Plan. Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on 26 June 2022, subject to continued employment and the achievement of performance conditions.
c)	Price(s) and volume(s)	Price Volume(s) £0.00 53,539
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	London, outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Hird
2	Reason for the notification
a)	Position/status	Chief Commercial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44 152/175p GB00B3DGH821
b)	Nature of the transaction	Award of 49,001 Shares at nil cost under the Performance Share Plan. Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on 26 June 2022, subject to continued employment and the achievement of performance conditions.
c)	Price(s) and volume(s)	Price Volume(s) £0.00 49,001
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	London, outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed Peppiatt
2	Reason for the notification
a)	Position/status	General Counsel and Company Secretary
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44 152/175p GB00B3DGH821
b)	Nature of the transaction	Award of 42,286 Shares at nil cost under the Performance Share Plan. Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on 26 June 2022, subject to continued employment and the achievement of performance conditions.
c)	Price(s) and volume(s)	Option Price(s) Volume(s) £0.00 42,286
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	London, outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Selva Selvaratnam
2	Reason for the notification
a)	Position/status	Chief Technology Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	De La Rue plc
b)	LEI	213800DH741LZWIJXP78
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 44 152/175p GB00B3DGH821
b)	Nature of the transaction	Award of 53,357 Shares at nil cost under the Performance Share Plan. Sixty per cent of the award will vest on 26 June 2021 and the remaining forty per cent will vest on 26 June 2022, subject to continued employment and the achievement of performance conditions.
c)	Price(s) and volume(s)	Price Volume(s) £0.00 53,357
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	London, outside a trading venue

 

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