Vanquis Banking Group (formerly: Provident Financial Plc)

Remuneration Information • Feb 28, 2018

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RNS Number : 3026G

Provident Financial PLC

28 February 2018

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 25 Feburary 2015 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 2006  lapsed on 25 February 2018 following the non-achievement of the relevant three year performance targets.

However, the Basic Awards granted on 25 Feburary 2015 under the PSP vested as normal, as these were not subject to performance conditions, and the Company was notified on 27 February 2018 of the following transactions 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	14,914 unrestricted shares and 25,969 restricted shares	0.010% 0.017%	761 unrestricted shares sold	14,153 unrestricted shares and 16,799 restricted shares	0.009% 0.011%
Shamus Hodgson	6,267 unrestricted shares and 16,673 restricted shares	0.004% 0.011%	227 unrestricted shares sold	6,040 unrestricted shares and 12,570 restricted shares	0.004% 0.008%

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 25 February 2018 the subsequent sale of 761 unrestricted shares was made to satisfy tax and national insurance contributions.

c)

Price(s) and volume(s)

Price per Ordinary Share	Volume - number of Ordinary Shares
£5.96	761

d)

Aggregated information

- Aggregated volume

- Aggregated Price

Sale
761
£4,535.56

e)

Date of the transaction

26 February 2018

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 25 February 2018 the subsequent sale of 227 unrestricted shares was made to satisfy tax and national insurance contributions.

c)

Price(s) and volume(s)

Price per Ordinary Share	Volume - number of Ordinary Shares
£5.96	227

d)

Aggregated information

- Aggregated volume

- Aggregated Price

Sale
227
£1,352.92

e)

Date of the transaction

26 February 2018

f)

Place of the transaction

London Stock Exchange

Name of authorised official of issuer responsible for making notification:

Ken Mullen, General Counsel & Company Secretary

Date of Notification:

28 February 2018

This information is provided by RNS

The company news service from the London Stock Exchange

END

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