Vanquis Banking Group (formerly: Provident Financial Plc)

Director's Dealing • Mar 5, 2019

National Storage Mechanism | Additional information

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RNS Number : 9369R

Provident Financial PLC

05 March 2019

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that the awards over the Company's ordinary shares of 20 8/11p each ("Ordinary Shares") granted on 1 March 2016 in the form of Matching Awards under the Provident Financial Performance Share Plan 2013 ("PSP") and in the form of conditional share awards under the Provident Financial Long Term Incentive Scheme 2015 lapsed on 1 March 2019 following the non-achievement of the relevant three year performance targets.

However, the Basic Awards granted on 1 March 2016 under the PSP vested as normal, as these were not subject to performance conditions, and the Company was notified on 4 March 2019 of the automatic sale of unrestricted shares at £5.93, made to satisfy tax and national insurance contributions only, in relation to the Ordinary Shares by Ken Mullen and Shamus Hodgson, who are all directors/persons discharging managerial responsibility ("PDMRs") in the Company.

Director/ PDMR	Beneficial holding of Ordinary Shares prior to the Dealing	% of issued share capital prior to the Dealing	Ordinary Shares acquired/sold by or on behalf of Director / PDMR	Resultant Beneficial holding of Ordinary Shares after the Dealing	Resultant % of issued share capital after the Dealing
Ken Mullen	14,621 unrestricted shares and 53,931 restricted shares	0.006% 0.021%	800 unrestricted shares sold and 9,218 restricted shares lapsed	13,821 unrestricted shares and 44,713 restricted shares	0.005% 0.021%
Shamus Hodgson	6,040 unrestricted shares and 57,330 restricted shares	0.002% 0.023%	489 unrestricted shares sold and 5,094 restricted shares lapsed	5,551 unrestricted shares and 52,236 restricted shares	0.002% 0.021%

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

Ken Mullen

2

Reason for the notification

a)

Position/status

PDMR

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

Following the vesting of the Basic Awards under the Provident Financial Performance Share Plan 2013 on 1 March the subsequent automatic sale of 800 unrestricted shares was made to satisfy tax and national insurance contributions only.

c)

Price(s) and volume(s)

Price per Ordinary Share	Volume - number of Ordinary Shares
£5.93	800

d)

Aggregated information

- Aggregated volume

- Aggregated Price

Sale
800
£4,744

e)

Date of the transaction

4 March 2019

f)

Place of the transaction

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

Shamus Hodgson  

2

Reason for the notification

a)

Position/status

PDMR

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

Following the vesting of the Basic Awards under the Provident Financial Performance Share Plan 2013 on 1 March the subsequent automatic sale of 489 unrestricted shares was made to satisfy tax and national insurance contributions only.

c)

Price(s) and volume(s)

Price per Ordinary Share	Volume - number of Ordinary Shares
£5.93	489

d)

Aggregated information

- Aggregated volume

- Aggregated Price

Sale
489
£2,899.77

e)

Date of the transaction

4 March 2019

f)

Place of the transaction

London Stock Exchange

Name of authorised official of issuer responsible for making notification:

David Whincup, Deputy Company Secretary

Date of Notification:

5 March 2019

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