Company Announcements

Director/PDMR Shareholding

Source: RNS
RNS Number : 6847L
Provident Financial PLC
04 January 2023


Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification


The Company announces that 7,559 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 7,559 Shares delivered to Mr Le May on 3 January 2023 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 3 January 2023.


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 3 January 2024, 3 January 2025 and 3 January 2026.



Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them



Details of the person discharging managerial responsibilities / person closely associated






Malcolm Le May




Reason for the notification






Chief Executive Officer



Initial notification /Amendment


Initial notification



Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor






Provident Financial plc








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




Description of the financial instrument, type of instrument


Identification code


Ordinary Shares of 20 8/11p








Nature of the transaction


Delivery of Shares as a role based allowance.



Price(s) and volume(s)















Aggregated information


- Aggregated volume


- Price

Not applicable




Date of the transaction

3 January 2023



Place of the transaction

Outside a trading venue


Name of authorised official of issuer responsible for making notification:


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