Director/PDMR Shareholding
Source: RNS
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that 6,116 ordinary shares of 20 8/11p ("Shares") have been delivered for no consideration to Malcolm Le May, who is a director of the Company, as a role based allowance (the "RBA").
The annual aggregate value of the RBA is equal to 15% of Mr Le May's base salary and will be delivered in equal amounts of 25% of the total annual value of the RBA (each an "RBA Award") in the form of Shares. An RBA Award will be paid in arrears on the first business day on which the London Stock Exchange is open for trading following 31 March, 30 June, 30 September and 31 December each year.
The RBA Award of 6,116 Shares delivered to Mr Le May on 30 June 2021 was calculated by dividing the monetary value of the RBA Award (less deductions for income tax and social security) by the closing mid-market price of a Share on the London Stock Exchange on 30 June 2021.
The Shares delivered under the RBA Award will be held by a nominee and subject to a holding period, during which the Shares cannot be sold, transferred, charged, pledged, mortgaged or otherwise encumbered. The holding period will end for one third of the Shares subject to the RBA Award on each of 30 June 2022, 30 June 2023 and 30 June 2024.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Malcolm Le May
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Provident Financial plc |
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b)
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LEI
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213800U93SZC44VXN635 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares of 20 8/11p
GB00B1Z4ST84
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b)
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Nature of the transaction
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Delivery of Shares as a role based allowance. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price |
Not applicable
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e)
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Date of the transaction |
30 June 2021 |
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f)
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Place of the transaction |
Outside a trading venue |
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Name of authorised official of issuer responsible for making notification:
David Whincup, Deputy Company Secretary
Date of Notification:
1 July 2021
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