PayPoint plc : Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility & Connected Persons

Please complete all relevant boxes in block capital letters.

1.    Name of the issuer

PAYPOINT PLC

2.    State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

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3.    Name of person discharging managerial responsibilities/director

DAVID MORRISON

4.    State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

NOTIFICATION IN RESPECT OF A DIRECTOR

5.    Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

THIS NOTIFICATION IS IN RESPECT OF RIT CAPITAL PARTNERS PLC & TROY ASSET MANAGEMENT LIMITED BOTH OF WHICH ARE CONNECTED PERSONS

6.    Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY SHARES

7.    Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Pershing nominees (designation CHATO/ TOCLT)
Bank of New York nominees limited (designation 392511) a.c Trojan Income Fund
Bank of New York nominees limited (designation 392508) a.c Trojan Capital Fund
HSBC Global Custody Nominee (UK) Limited a.c Troy Income & Growth Trust

8.    State the nature of the transaction

DISPOSAL

9.    Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.  Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.  Number of shares, debentures or financial instruments relating to shares disposed

TROY ASSET MANAGEMENT LTD               650,000
of which 520,000 are in connection to David Morrison
RIT CAPITAL PARTNERS PLC                     650,000
all of which are in connection to David Morrison

12.  Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

RIT CAPITAL PARTNERS PLC                     0.96%
TROY ASSET MANAGEMENT LTD               0.96%

13.  Price per share or value of transaction

960 pence per share

14.  Date and place of transaction

5 June 2013, LONDON

15.  Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

TROY ASSET MANAGEMENT LTD               5.54%
shares held in connection to David Morrison are 3,164,008.  Therefore his percentage of voting rights is 4.66%.
RIT CAPITAL PARTNERS PLC                     3.31%
all of these shares held are in connection to David Morrison

16.  Date issuer informed of transaction

6 June 2013

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.  Date of grant

18.  Period during which or date on which it can be exercisable

19.  Total amount paid (if any) for grant of the option

20.  Description of shares or debentures involved (class and number)

21.  Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

22.  Total number of shares or debentures over which options held following notification

23.  Any additional information

24.  Name of contact and telephone number for queries

SUSAN COURT - 01707 600316

Name of authorised official of issuer responsible for making notification

SUSAN COURT

Date of notification

7 June 2013

END

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Source: PayPoint plc via Thomson Reuters ONE

HUG#1708012