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Vanquis Banking Group PLC

Director/PDMR Shareholding

Source: RNS
RNS Number : 7219E
Provident Financial PLC
09 November 2020
 

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

 

The Company announces that it has granted on 9 November 2020 nil cost options over 251,825 and 112,033 ordinary shares of 20 8/11p ("Shares") for no consideration to Malcolm Le May and Neeraj Kapur respectively, and has also granted market value options over 12,448 Shares for no consideration to both Mr May and Mr Kapur, who are directors of the Company, under the Provident Financial Restricted Share Plan 2020 (the "Plan") (the "RSP Options").

 

They were each also granted a share option under the Plan linked to the RSP Options (the "CSOP Options").  The RSP Options and CSOP Options work on the basis that the total number of Shares over which the RSP Options and CSOP Options may be exercised cannot exceed that number of Shares as on the grant date had a market value equal to the total number of Shares covered by the RSP Option and CSOP Options less the exercise price payable under the CSOP Options.

 

The RSP Options and CSOP Options replace the awards granted under the Provident Financial Long Term Incentive Plan 2015 on 30 March 2020 to Malcolm Le May and 1 April 2020 to Neeraj Kapur (the "LTIS" Awards).  The LTIS Awards lapsed in their entirety on 9 November 2020.   

 

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

 

Malcolm Le May

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive 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

 

 

Acquisition of a nil cost option and a linked share option under the Provident Financial Restricted Share Plan 2020.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£0

251,825

£2.41

12,448

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

264,273 (251,825 shares under a nil cost option and 12,448 shares under a market value share option).

£30,000

e)

 

Date of the transaction

9 November 2020

f)

 

Place of the transaction

Outside a trading venue

 

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

 

 

Acquisition of a nil cost option and a linked share option under the Provident Financial Restricted Share Plan 2020.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£0

112,033

£2.41

12,448

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

124,841 (112,033 shares under a nil cost option and 12,448 shares under a market value share option).

£30,000

e)

 

Date of the transaction

9 November 2020

f)

 

Place of the transaction

Outside a trading venue

 

 

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification:

9 November 2020

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