Director/PDMR Shareholding

RNS Number : 3080H

Provident Financial PLC

05 April 2022

 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that on 1 April 2022, 50,540 ordinary shares of 20 8/11p ("Shares") have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020.  23,874 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.

The Company also announces that on 1 April 2022, 44,781 Shares have vested to Malcolm Le May, who is a director of the Company, in respect of a Basic Award under the Provident Financial Deferred Bonus Plan granted on 1 April 2019.  21,154 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.

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	Neeraj Kapur
2	Reason for the notification
a)	Position/status	Chief Finance 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	(1) Vesting of a conditional award by the Company over 50,540 shares under a Buy Out Award Agreement. (2) Subsequent sale of  23,874 Shares to satisfy income tax and national insurance contributions due on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 50,540 £2.923 23,874
d)	Aggregated information - Aggregated volume - Price	Acquisition on vesting Sale 50,540 23,874 Nil £69,783.70
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	(1) Outside a trading venue (2) 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	Malcom Le May
2	Reason for the notification
a)	Position/status	Chief Execuive 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	(1) Vesting of a Basic Award under the Provident Financial Deferred Bonus Plan on 1 April 2022 by the Company over 44,781 shares. (2) Subsequent sale of 21,154 Shares to satisfy income tax and national insurance contributions due on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 44,781 £2.923 21,154
d)	Aggregated information - Aggregated volume - Price	Acquisition on vesting Sale 44,781 21,154 Nil £61,833.14
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	(1) Outside a trading venue (2) London Stock Exchange

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification :

5 April 2022

 

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