De La Rue PLC Director/PDMR Shareholding (1608Z)
August 29 2018 - 7:22AM
UK Regulatory
TIDMDLAR
RNS Number : 1608Z
De La Rue PLC
29 August 2018
De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial
responsibilities and persons closely associated with them
29 August 2018
De La Rue plc (the "Company") announces the following change in
the interest of the Director and Person Discharging Managerial
Responsibilities (PDMR) in ordinary shares of 44 (152/175) p
("Shares") in the capital of the Company.
De La Rue Performance Share Plan ("PSP")
On 28 August 2018, in accordance with the rules of the PSP the
Director and PDMR listed in the table below was awarded an interest
in Shares following the grant of an award of Nil Cost Options over
the Company's Shares. The number of Shares awarded was calculated
by reference to a price of GBP4.98, being the average of the
Company's middle market closing price for a Share for the five
consecutive dealing days commencing on 20 August 2018.
Sixty per cent of the award will vest on 28 August 2021 and the
remaining forty per cent will vest on 28 August 2022, subject to
continued employment with De La Rue and the achievement of a number
of performance conditions. 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 over the period between the Award Date and the Vesting
Date on the Shares that vest.
Name Director/ PDMR Shares awarded
Helen Willis Director/PDMR 66,265
---------------- ---------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Ed Peppiatt, Company Secretary
Contact Number: 01256 605343
29 August 2018
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Helen Willis
----------------------------- ------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Executive Director/Chief Financial
Officer
----------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ------------------------------------------
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 Ordinary shares of 44 (152/175) p
instrument, type of
instrument
GB00B3DGH821
Identification code
----------------------------- ------------------------------------------
b) Nature of the transaction Award of 66,265 Shares at nil cost
under the Performance Share Plan.
Sixty per cent of the award will
vest on 28 August 2021 and the remaining
forty per cent will vest on 28 August
2022, subject to continued employment
and the achievement of performance
conditions.
----------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 66,265
----------
----------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
- Aggregated total
----------------------------- ------------------------------------------
e) Date of the transaction 28 August 2018
----------------------------- ------------------------------------------
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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