DE LA RUE PLC

Director's Dealing • Jan 7, 2020

National Storage Mechanism | Additional information

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RNS Number : 0558Z

De La Rue PLC

07 January 2020

De La Rue plc

Director/PDMR Shareholding

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

7 January 2020

De La Rue plc (the "Company") announces a change in the interests of Clive Vacher, an Executive Director and Person Discharging Managerial Responsibilities ("PDMR") of the Company, in ordinary shares of 44 152/175p  in the capital of the Company ("Shares").

De La Rue Performance Share Plan ("PSP")

In accordance with the PSP, Mr. Vacher was granted a nil-cost option (the "Option") over 326,245 Shares on 6 January 2020 ("Award Date") subject to the rules of the PSP.

The Option was granted subject to performance conditions measured over a three-year performance period. The Option will vest on the third anniversary of the Award Date, subject to the satisfaction of the performance conditions relating to the Option and the rules of the PSP. In line with the UK Corporate Governance Code, following the vesting of the Option, it will then, again subject to the rules of the PSP, be subject to a two-year post-vesting holding period before Mr. Vacher will be able to sell any Shares acquired under the Option.

The number of Shares shown below represents the maximum that may be acquired if all performance conditions are achieved in full. The Company may also transfer additional Shares to reflect the value of dividends that would have been paid on the Shares in respect of which the Option vests over the period between the Award Date and the end of the post-vesting holding period.

The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

Ed Peppiatt, Company Secretary

Contact Number: 01256 605212

7 January 2020

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clive Vacher

2

Reason for the notification

a)

Position/status

Executive Director/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

De La Rue plc

b)

LEI

213800DH741LZWIJXP78

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 44 152/175p

GB00B3DGH821

b)

Nature of the transaction

Grant of a nil-cost option over 326,245 Shares under the rules of the Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.00	326,245

d)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

N/A

e)

Date of the transaction

6 January 2020

f)

Place of the transaction

London, outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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