Director/PDMR Shareholding

De La Rue PLC

11 July 2023

 

De La Rue plc

Director/PDMR Shareholding

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

11 July 2023

De La Rue plc (the "Company") announces that on 10 July 2023 awards made under the De La Rue Deferred Bonus Plan (the "DBP") to Clive Vacher, Rob Harding and Ruth Euling (each of whom is an Executive Director and a Person Discharging Managerial Responsibilities ("PDMR") of the Company) vested and were released.

In line with the rules of the DBP, the Company withheld a proportion of each award and sold sufficient Shares to fund income tax and national insurance withholdings and the associated dealing costs.  These Shares were sold in the market on 10 July 2023 at a weighted average price of 49.15 pence per Share.

The awards which vested were granted under the DBP on 8 July 2021 (the shares released being the second half of the portion of the FY21 bonus which was deferred and share settled) and on 6 July 2022 (the shares released being being the first half of the portion of the FY22 bonus which was deferred and share settled). The second half of the DBP awards made on 6 July 2022 will vest on 8 July 2024, subject to the rules of the DBP. 

The vesting of these awards and the sale of shares to fund withholdings creates a change in the interests of each of them in the ordinary shares of 44¹⁵²/₁₇₅p of the Company ("Shares"):

Name of Director/PDMR	Role	Number of Shares subject to the Awards vesting	Number of Shares sold in the market	Number of Shares retained by the PDMR
Clive Vacher	CEO	131,015	61,796	69,219
Rob Harding	CFO	52,259	24,651	27,608
Ruth Euling	MD, Currency	57,513	27,129	30,384

Following these transactions, the holdings of each of the three PDMRs of the Company's Shares are as follows:

Name of Director/PDMR	Role	Number of Shares held by the PDMR
Clive Vacher	CEO	303,123
Rob Harding	CFO	36,487
Ruth Euling	MD, Currency	79,601

The relevant information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clive Vacher
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 44152/175p GB00B3DGH821
b)	Nature of the transaction	(a)  Vesting of conditional awards in respect of a total of 131,015 Shares under the rules of the De La Rue Deferred Bonus Plan. (b)  Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs
c)	Price(s) and volume(s)	Price(s) Volume(s) (a)  £0.00 (b)  £0.4915 (a)  131,015 (b)  61,796
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	(a)  10 July 2023 (b)  10 July 2023
f)	Place of the transaction	(a)  Outside a trading venue (b)  London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rob Harding
2	Reason for the notification
a)	Position/status	Executive Director/Chief Financial 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 44152/175p GB00B3DGH821
b)	Nature of the transaction	(a)  Vesting of conditional awards in respect of a total of 52,259 Shares under the rules of the De La Rue Deferred Bonus Plan. (b)  Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs
c)	Price(s) and volume(s)	Price(s) Volume(s) (a)  £0.00 (b)  £0.4915 (a)  52,259 (b)  24,651
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	(a)  10 July 2023 (b)  10 July 2023
f)	Place of the transaction	(a)  Outside a trading venue (b)  London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ruth Euling
2	Reason for the notification
a)	Position/status	Executive Director/MD, Currency
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 44152/175p GB00B3DGH821
b)	Nature of the transaction	(a)  Vesting of conditional awards in respect of a total of 57,513 Shares under the rules of the De La Rue Deferred Bonus Plan. (b)  Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs
c)	Price(s) and volume(s)	Price(s) Volume(s) (a)  £0.00 (b)  £0.4915 (a)  57,513 (b)  27,129
d)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A
e)	Date of the transaction	(a)  10 July 2023 (b)  10 July 2023
f)	Place of the transaction	(a)  Outside a trading venue (b)  London Stock Exchange

Jon Messent, Company Secretary

Contact Number: 01256 605212

11 July 2023

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

 

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