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Vanquis Banking Group (formerly: Provident Financial Plc)
Director's Dealing • Apr 5, 2022
6286_dirs_2022-04-05_d2fbcfca-290b-47ce-b1c3-2112651dbd0d.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3080H
Provident Financial PLC
05 April 2022
Provident Financial plc ("the Company")
Director/PDMR Transaction - Initial Notification
The Company announces that on 1 April 2022, 50,540 ordinary shares of 20 8/11p ("Shares") have vested to Neeraj Kapur, who is a director of the Company, in respect of a Buy Out Award Agreement granted in April 2020. 23,874 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.
The Company also announces that on 1 April 2022, 44,781 Shares have vested to Malcolm Le May, who is a director of the Company, in respect of a Basic Award under the Provident Financial Deferred Bonus Plan granted on 1 April 2019. 21,154 of those Shares were sold on 1 April 2022 to satisfy income tax and national insurance contributions due on vesting.
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
(1) Vesting of a conditional award by the Company over 50,540 shares under a Buy Out Award Agreement.
(2) Subsequent sale of 23,874 Shares to satisfy income tax and national insurance contributions due on vesting.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0 | 50,540 |
| £2.923 | 23,874 |
d)
Aggregated information
- Aggregated volume
- Price
| Acquisition on vesting | Sale |
| 50,540 | 23,874 |
| Nil | £69,783.70 |
e)
Date of the transaction
1 April 2022
f)
Place of the transaction
(1) Outside a trading venue
(2) London Stock Exchange
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
Malcom Le May
2
Reason for the notification
a)
Position/status
Chief Execuive 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
(1) Vesting of a Basic Award under the Provident Financial Deferred Bonus Plan on 1 April 2022 by the Company over 44,781 shares.
(2) Subsequent sale of 21,154 Shares to satisfy income tax and national insurance contributions due on vesting.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0 | 44,781 |
| £2.923 | 21,154 |
d)
Aggregated information
- Aggregated volume
- Price
| Acquisition on vesting | Sale |
| 44,781 | 21,154 |
| Nil | £61,833.14 |
e)
Date of the transaction
1 April 2022
f)
Place of the transaction
(1) Outside a trading venue
(2) London Stock Exchange
Name of authorised official of issuer responsible for making notification:
David Whincup, Deputy Company Secretary
Date of Notification:
5 April 2022
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