PayPoint plc: Director/PDMR Shareholding
11 June 2019
PayPoint plc (the ‘Company’)
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
THE COMPANY'S DEFERRED BONUS PLAN AND LONG-TERM INCENTIVE PLAN
2019 Deferred Bonus Plan Awards
The Company announces that on 10 June 2019 in accordance with the rules of the Company’s Deferred Bonus Plan (the 'DBP'), the Remuneration Committee has granted the following deferred bonus awards to an executive director and Persons Discharging Managerial Responsibility (‘PDMRs’) under the DBP.
In accordance with the rules, DBP awards are granted on 10 June 2019 at a price of £10.50 per share (being the mid-market price on the preceding dealing day) as follows:
| Executive Director | DBP Award |
| Rachel Kentleton | 5,478 |
| PDMR | DBP Award |
| Jon Marchant | 2,354 |
| Katy Wilde | 1,483 |
| Lewis Alcraft | 2,143 |
| Mugur Dogariu | 1,840 |
| Susan Court | 1,832 |
The release of DBP awards to participants is dependent upon continuous employment for a period of three years from the date of grant.
2019 Long-Term Incentive Plan Awards
The Company further announces that on 10 June 2019, the Remuneration Committee has granted the following conditional share awards to executive directors and PDMRs under the Company's Long-Term Incentive Plan (the 'LTIP').
In accordance with the rules, LTIP awards are granted on the 10 June 2019 at a price of £10.50 per share (being the mid-market price on the preceding dealing day) as follows:
| Executive Director | LTIP Award |
| Patrick Headon | 78,333 |
| Rachel Kentleton | 38,710 |
| PDMR | LTIP Award |
| Jon Marchant | 11,256 |
| Katy Wilde | 7,094 |
| Lewis Alcraft | 14,285 |
| Mugur Dogariu | 3,981 |
| Susan Court | 8,974 |
The release of LTIP awards to participants is dependent upon the 'total shareholder return' performance of the Company relative to its comparator group, and the ‘earnings per share’ performance of the Company; both performance conditions measured over a three year period from the date of grant. In accordance with the Company’s remuneration policy, the awards to executive directors are subject to a further retention period, following a vesting of the LTIP awards, which will end on the fifth anniversary of the date of grant.
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Rachel Kentleton |
| 2. | Reason for the notification | |
| b) | Position / status | Finance Director |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Deferred Bonus Plan Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 5,478 £10.50 38,710 |
| d) | Aggregated information
| 5,478 £10.50 £57,519.00 38,710 £10.50 £406,455.00 |
| e) | Date of the transaction | 2019-06-10 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Jon Marchant |
| 2. | Reason for the notification | |
| b) | Position / status | Chief Information Officer |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Deferred Bonus Plan Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 2,354 £10.50 11,256 |
| d) | Aggregated information
| 2,354 £10.50 £24,717.00 11,256 £10.50 £118,188.00 |
| e) | Date of the transaction | 2019-06-10 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Katy Wilde |
| 2. | Reason for the notification | |
| b) | Position / status | HR Director |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Deferred Bonus Plan Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 1,483 £10.50 7,094 |
| d) | Aggregated information
| 1,483 £10.50 £15,571.50 7,094 £10.50 £74,487.00 |
| e) | Date of the transaction | 2019-06-10 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Lewis Alcraft |
| 2. | Reason for the notification | |
| b) | Position / status | Chief Commercial Officer |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Deferred Bonus Plan Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 2,143 £10.50 14,285 |
| d) | Aggregated information
| 2,143 £10.50 £22,501.50 14,285 £10.50 £149,992.50 |
| e) | Date of the transaction | 2019-06-10 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Mugur Dogariu |
| 2. | Reason for the notification | |
| b) | Position / status | Managing Director, PayPoint Romania |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Deferred Bonus Plan Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 1,840 £10.50 3,981 |
| d) | Aggregated information
| 1,840 £10.50 £19,320.00 3,981 £10.50 £41,800.50 |
| e) | Date of the transaction | 2019-06-10 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Susan Court |
| 2. | Reason for the notification | |
| b) | Position / status | Head of Legal and Company Secretary |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Deferred Bonus Plan Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 1,832 £10.50 8,974 |
| d) | Aggregated information
| 1,832 £10.50 £19,236.00 8,974 £10.50 £94,227.00 |
| e) | Date of the transaction | 2019-06-10 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them (‘PCA’) | |
| a) | Name | Patrick Headon |
| 2. | Reason for the notification | |
| b) | Position / status | Chief Executive |
| c) | Initial notification/amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | PayPoint plc |
| b) | LEI code | 5493004YKWI8U0GDD138 |
| 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 Identification code | Ordinary shares of 1/3p each GB00B02QND93 |
| b) | Nature of the transaction | Grant of awards under the PayPoint plc Long-Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volumes £10.50 78,333 |
| d) | Aggregated information
| 78,333 £10.50 £822,496.50 |
| e) | Date of the transaction | 2019-06-10 |
| f) | Place of the transaction | Outside a trading venue |
Enquiries:
Susan Court
Company Secretary
PayPoint plc
Tel: +44 (0)1707 600316
-end-
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