Director/PDMR Shareholding

RNS Number : 0299Q

Provident Financial PLC

06 September 2017

 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that the awards over the Company's ordinary shares of 20 8/11p each ("Ordinary Shares") granted on 1 September 2014 under the Provident Financial Long Term Incentive Scheme 2006 vested in part to a total of 86% on 1 September 2017 following achievement of the relevant three year performance targets. The Company was notified on 5 September 2017 of the following transactions in relation to the Company's Ordinary Shares by Shamus Hodgson, who is a person discharging managerial responsibility ("PDMR") in the Company:

Director/ PDMR	Beneficial holding of Ordinary Shares prior to the Dealing	% of issued share capital prior to the Dealing	Ordinary Shares acquired/sold by or on behalf of Director / PDMR	Resultant Beneficial holding of Ordinary Shares after the Dealing	Resultant % of issued share capital after the Dealing
Shamus Hodgson	3,396 unrestricted shares and 21,231 restricted shares	0.002% 0.014%	1,585 unrestricted shares acquired and 2,634 shares sold.	6,267 unrestricted shares and 16,673 restricted shares.	0.004% 0.011%

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	Shamus Hodgson
2	Reason for the notification
a)	Position/status	PDMR
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	Vesting of awards under the Provident Financial Long Term Incentive Scheme 2006 on 1 September 2017 and subsequent sale of shares on 4 September 2017 as follows: (i)         the performance conditions relating to 3,920 restricted shares were satisfied in full and these beneficially owned shares therefore became unrestricted shares; (ii)        acquisition of 1,585 unrestricted dividend shares; and (iii)       the subsequent sale of 2,634 unrestricted shares to satisfy tax and national insurance contributions arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £8.72 1,585 £8.585 2,634
d)	Aggregated information - Aggregated volume - Price	Acquisition Sale 1,585 2,634 £13,821.20 £22,612.89
e)	Date of the transaction	4 September 2017
f)	Place of the transaction	London Stock Exchange

Name of authorised official of issuer responsible for making notification:

Paula Watts, Deputy Company Secretary

Date of Notification:

6 September 2017

 

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