Director/PDMR Shareholding

RNS Number : 4441T

De La Rue PLC

03 July 2018

 

De La Rue plc

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

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 29 June 2018, the Director and PDMRs listed below had awards in the form of nil-cost options under the PSP that vested and became eligible for exercise. Awards granted under the PSP on 29 June 2015 were subject to three year performance criteria based on Earnings per Share ("EPS") (75% of total award) and Return on Capital Employed ("ROCE") (25% of total award). The requirement for EPS growth was not met and that portion of the award lapsed. The ROCE performance was met in full and in line with the rules of the PSP, 60% of this portion of the award, including dividend shares, vested on 29 June 2018, being the third anniversary of the award and the balance will vest after a further one year subject to continued employment. Further details on the operation of the PSP and performance conditions are contained in the Company's Annual Report 2018.

Name	Status	No of Shares vested including Dividend Shares
Martin Sutherland	Director/PDMR	14,607
Jo Easton	PDMR	6,302
Richard Hird	PDMR	2,520
Ed Peppiatt	PDMR	7,090
Selva Selvaratnam	PDMR	8,982

On 2 July 2018, the following Director and PDMR completed the exercise of the nil-cost options over Shares in the capital of the Company:

Name	Status	Exercised Shares
Martin Sutherland	Director/PDMR	14,607
Selva Selvaratnam	PDMR	8,982

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

3 July 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	Chief Executive Officer (PDMR)
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	(i) Acquisition of 14,607 shares in the Company following the vesting and exercise of an award granted under the PSP on 29 June 2015; and (ii) subsequent sale of 6,890 shares to cover PAYE/NI liabilities arising from such vesting. The remainder of the shares (7,717) are being retained. Following this transaction Mr Sutherland's beneficial holding is 78,126 ordinary shares.
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) (i) Acquisition Nil 14,607 (ii) Sale £ 5.490174 6,890
d)	Aggregated information	Transaction Price(s) Volume(s) Total (i) Acquisition Nil 14,607 Nil (ii) Sale £ 5.490174 6,890 £37,827.30
e)	Date of the transaction	(i) 2018-07-02 (GMT) (ii) 2018-07-02 (GMT)
f)	Place of the transaction	(i) Outside a trading venue (ii) London Stock Exchange (XLON)

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 (PDMR)
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	Acquisition of 8,982 shares in the Company following the vesting and exercise of an award granted under the PSP on 29 June 2015. All shares are being retained following settlement of PAYE/NI liabilities arising from such vesting. Following this transaction Dr Selvaratnam's beneficial holding is 28,982 ordinary shares.
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) Acquisition Nil 8,982
d)	Aggregated information	Transaction Price(s) Volume(s) Total Acquisition Nil 8,982 Nil
e)	Date of the transaction	2018-07-02 (GMT)
f)	Place of the transaction	Outside a trading venue

 

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