Vanquis Banking Group (formerly: Provident Financial Plc)

Remuneration Information • Apr 3, 2020

National Storage Mechanism | Additional information

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RNS Number : 7592I

Provident Financial PLC

03 April 2020

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that it has granted the following awards over the Company's ordinary shares of 20 8/11p as follows:

1.   on 1 April 2020, the Company granted a conditional award over 248,733 ordinary shares of 20 8/11p for no consideration to Neeraj Kapur who is a Director of the Company under the Provident Financial Long Term Incentive Scheme 2015 (the "LTIS Awards"); and

2.   on 2 April 2020 the Company also granted conditional awards over a total of 175,662 ordinary shares of 20 8/11p for no consideration to Neeraj Kapur. The conditional award will normally vest, subject to continued service and performance conditions, as follows:

·     34,265 ordinary shares of 20 8/11p will vest on 20 April 2021

·     50,540 ordinary shares of 20 8/11p will vest on 1 April 2022

·     23,830 ordinary shares of 20 8/11p will vest on 20 April 2022

·     67,027 ordinary shares of 20 8/11p will vest on 2 April 2023

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 conditional award under the Provident Financial Long Term Incentive Scheme 2015

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.17	248,733

d)

Aggregated information

- Aggregated volume

- Price

248,733

£540,000

e)

Date of the transaction

1 April 2020

f)

Place of the transaction

Outside a trading venue

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

Grant of a conditional award by the Company over 175,662 shares under a Buy Out Award Agreement.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.85	175,662

d)

Aggregated information

- Aggregated volume

- Price

175,662

£324,978

e)

Date of the transaction

2 April 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:

3 April 2020

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