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Paypoint plc (PAY)

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Tuesday 11 June, 2019

Paypoint plc

PayPoint plc: Director/PDMR Shareholding

PayPoint plc: Director/PDMR Shareholding

11 June 2019

PayPoint plc (the ‘Company’)

NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
PAYPOINT PLC DEFERRED BONUS PLAN (‘DBP’)
PAYPOINT PLC LONG-TERM INCENTIVE PLAN (‘LTIP’)

2016 DBP AWARDS
The Company announces that, in accordance with the rules of the PayPoint plc Deferred Bonus Plan,  following the completion of the three year holding period, nil cost share options granted on 7 June 2016 have been automatically exercised on 7 June 2019 by participants who have remained in the employment of the Company for the duration of the deferral period.  Accordingly, the Persons Discharging Managerial Responsibility (‘PDMRs’) listed below have become the legal and beneficial owners of ordinary shares of the Company (‘shares’) as detailed below.

The midmarket value of the shares on the dealing day prior to the date of exercise was £10.50 per share. 

PDMRsAwards grantedDividend awards accrued during deferral periodTotal awards exercisedAwards deducted in lieu of tax and NI*Balance of shares released
Tim Watkin-Rees2,6366503,2861,5451,741
Jon Marchant9702391,209569640
Susan Court800197997469528
Katy Wilde40198499235264
Lewis Alcraft450111561264297
Mugur Dogariu9262281,1540**1,154

* Tax and National Insurance liability will be satisfied by the Company in cash
** Self funded

Following the above mentioned exercises, each of the PDMRs listed below sold his/her shares on 10 June 2019 at a price of £10.69395 per share.

PDMRsShares sold
Jon Marchant640
Susan Court528
Katy Wilde264
Lewis Alcraft297

2016 LTIP AWARDS
Further to the regulatory announcement issued on 5 June 2019, regarding the vesting and release of shares awarded in 2016 in accordance with the LTIP plan, the Company announces that the following PDMRs each sold his/her shares on 7 June 2019 at a price of £10.4392 per share.

PDMRsShares sold
Jon Marchant3,872
Susan Court4,792
Katy Wilde3,862
Lewis Alcraft10,148

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

 
Tim Watkin-Rees
2.Reason for the notification
b)Position / status

 
Founder
c)Initial notification/amendment

 
Initial notification
3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NamePayPoint plc

 
b)LEI code5493004YKWI8U0GDD138

 
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

 
Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.
c)Price(s) and volume(s)

 
Price(s)   Volumes
Nil consideration   1,741
d)Aggregated information
 
  • Aggregated volume
     
  • Price
     
  • Total
 


1,741

Nil consideration.  Market value £10.50

Market value £18,280.50
e)Date of the transaction

 
2019-06-07
f)Place of the transaction

 
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)NamePayPoint plc

 
b)LEI code5493004YKWI8U0GDD138

 
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

 
Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.

Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.

Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.
 
c)Price(s) and volume(s)

 
Price(s)   Volumes
10.44    3872
Nil consideration      640
10.69       640
d)Aggregated information
 
  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total 
 


3,872
£10.44
£40,420.58

640
Nil consideration, Market value £10.50
Market value £6,720.00

640
£10.69
£6,844.13
e)Date of the transaction

 
2019-06-07
2019-06-07
2019-06-10
f)Place of the transaction

 
London
Outside a trading venue
London


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)NamePayPoint plc

 
b)LEI code5493004YKWI8U0GDD138

 
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

 
Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.

Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.

Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.

c)Price(s) and volume(s)

 
Price(s)   Volumes
10.44    4,792
Nil consideration  528
10.69 528
d)Aggregated information
  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total 
 

4,792
£10.44
£50,024.65

528
Nil consideration, Market value £10.50
Market value £5,544.00

528
£10.69
£5,646.41
e)Date of the transaction

 
2019-06-07
2019-06-07
2019-06-10
f)Place of the transaction

 
London
Outside a trading venue
London


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)NamePayPoint plc

 
b)LEI code5493004YKWI8U0GDD138

 
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

 
Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.
 
Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.

Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.

c)Price(s) and volume(s)

 
Price(s)   Volumes
10.44    3,862
Nil consideration       264
10.69 264
d)Aggregated information
  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total
 
3,862
£10.44
£40,316.19

264
Nil consideration.  Market value £10.50
Market value £2,772.00

264
£10.69
£2,823.20
e)Date of the transaction

 
2019-06-07
2019-06-07
2019-06-10
f)Place of the transaction

 
London
Outside a trading venue
London


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)NamePayPoint plc

 
b)LEI code5493004YKWI8U0GDD138

 
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

 
Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.

Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.

Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.
c)Price(s) and volume(s)

 
Price(s)   Volumes
10.44    10,148
Nil consideration      297
10.69   297
d)Aggregated information

  • Aggregated volume
  • Price
  • Total
     
  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total
 

 
10,148
£10.44
£105,937.00

297
Nil consideration.  Market value £10.50
Market value £3,118.50

 
297
£10.69
£3,176.10
e)Date of the transaction

 
2019-06-07
2019-06-07
2019-06-10
f)Place of the transaction

 
London
Outside a trading venue
London


1.Details of PDMR / person closely associated with them (‘PCA’)
a)Name

 
Mugur Dogariu
2.Reason for the notification
b)Position / status

 
Founder
c)Initial notification/amendment

 
Initial notification
3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NamePayPoint plc

 
b)LEI code5493004YKWI8U0GDD138

 
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

 
Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.
c)Price(s) and volume(s)

 
Price(s)   Volumes
Nil consideration    1,154
d)Aggregated information

 
  • Aggregated volume
     
  • Price
     
  • Total
 

 

1,154

Nil consideration.  Market value £10.50

Market value £12,117.00
e)Date of the transaction

 
2019-06-07
f)Place of the transaction

 
Outside a trading venue

Enquiries:

Susan Court
Company Secretary
PayPoint plc

Tel: +44 (0)1707 600316


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