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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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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