Vanquis Banking Group (formerly: Provident Financial Plc)

Remuneration Information • Oct 8, 2019

National Storage Mechanism | Additional information

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RNS Number : 1879P

Provident Financial PLC

08 October 2019

Provident Financial plc ("the Company")

Director/PDMR Transaction - Initial Notification

The Company announces that it has granted options over the Company's ordinary shares of 20 8/11p to each Malcolm Le May and Richard King as persons discharging managerial responsibility in the Company. The options were granted under the Provident Financial Savings Related Share Option Scheme 2013, on 8 October 2019 with a contract start date of 1 December 2019, with an exercise price of £3.23 per ordinary share.  The options granted to Malcolm Le May and Richard King will mature 3 years from the grant date.

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

Malcolm Le May

2

Reason for the notification

a)

Position/status

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

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

Options granted pursuant to the Provident Financial Savings Related Share Option Scheme 2013.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.23	5,572

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

8 October 2019

f)

Place of the transaction

Outside a trading venue

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

Richard King

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

Options granted pursuant to the Provident Financial Savings Related Share Option Scheme 2013.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.23	5,572

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

8 October 2019

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:

8 October 2019

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