REG - De La Rue PLC - Director/PDMR Shareholding
11/07/2023 10:30
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RNS Number : 6546F De La Rue PLC 11 July 2023
De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial
responsibilities and persons closely associated with them
11 July 2023
De La Rue plc (the "Company") announces that on 10 July 2023 awards made under
the De La Rue Deferred Bonus Plan (the "DBP") to Clive Vacher, Rob Harding and
Ruth Euling (each of whom is an Executive Director and a Person Discharging
Managerial Responsibilities ("PDMR") of the Company) vested and were released.
In line with the rules of the DBP, the Company withheld a proportion of each
award and sold sufficient Shares to fund income tax and national insurance
withholdings and the associated dealing costs. These Shares were sold in the
market on 10 July 2023 at a weighted average price of 49.15 pence per Share.
The awards which vested were granted under the DBP on 8 July 2021 (the shares
released being the second half of the portion of the FY21 bonus which was
deferred and share settled) and on 6 July 2022 (the shares released being
being the first half of the portion of the FY22 bonus which was deferred and
share settled). The second half of the DBP awards made on 6 July 2022 will
vest on 8 July 2024, subject to the rules of the DBP.
The vesting of these awards and the sale of shares to fund withholdings
creates a change in the interests of each of them in the ordinary shares of
44(152)/(175)p of the Company ("Shares"):
Name of Director/PDMR Role Number of Shares subject to the Awards vesting Number of Shares sold in the market Number of Shares retained by the PDMR
Clive Vacher CEO 131,015 61,796 69,219
Rob Harding CFO 52,259 24,651 27,608
Ruth Euling MD, Currency 57,513 27,129 30,384
Following these transactions, the holdings of each of the three PDMRs of the
Company's Shares are as follows:
Name of Director/PDMR Role Number of Shares held by the PDMR
Clive Vacher CEO 303,123
Rob Harding CFO 36,487
Ruth Euling MD, Currency 79,601
The relevant information set out below is provided in accordance with the
requirements of Article 19 of the Market Abuse Regulation as retained in UK
law.
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 Ordinary shares of 44(152)/(175)p
Identification code
GB00B3DGH821
b) Nature of the transaction (a) Vesting of conditional awards in respect of a total of 131,015 Shares
under the rules of the De La Rue Deferred Bonus Plan.
(b) Sale of Shares to fund income tax and national insurance withholdings
and the associated dealing costs
c) Price(s) and volume(s)
Price(s) Volume(s)
(a) £0.00 (a) 131,015
(b) £0.4915 (b) 61,796
d) Aggregated information N/A
- Aggregated volume
- Price
- Aggregated total
e) Date of the transaction (a) 10 July 2023
(b) 10 July 2023
f) Place of the transaction (a) Outside a trading venue
(b) London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
- Aggregated total
N/A
e)
Date of the transaction
(a) 10 July 2023
(b) 10 July 2023
f)
Place of the transaction
(a) Outside a trading venue
(b) London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rob Harding
2 Reason for the notification
a) Position/status Executive Director/Chief Financial 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 Ordinary shares of 44(152)/(175)p
Identification code
GB00B3DGH821
b) Nature of the transaction (a) Vesting of conditional awards in respect of a total of 52,259 Shares
under the rules of the De La Rue Deferred Bonus Plan.
(b) Sale of Shares to fund income tax and national insurance withholdings
and the associated dealing costs
c) Price(s) and volume(s)
Price(s) Volume(s)
(a) £0.00 (a) 52,259
(b) £0.4915 (b) 24,651
d) Aggregated information N/A
- Aggregated volume
- Price
- Aggregated total
e) Date of the transaction (a) 10 July 2023
(b) 10 July 2023
f) Place of the transaction (a) Outside a trading venue
(b) London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
- Aggregated total
N/A
e)
Date of the transaction
(a) 10 July 2023
(b) 10 July 2023
f)
Place of the transaction
(a) Outside a trading venue
(b) London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Euling
2 Reason for the notification
a) Position/status Executive Director/MD, Currency
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 Ordinary shares of 44(152)/(175)p
Identification code
GB00B3DGH821
b) Nature of the transaction (a) Vesting of conditional awards in respect of a total of 57,513 Shares
under the rules of the De La Rue Deferred Bonus Plan.
(b) Sale of Shares to fund income tax and national insurance withholdings
and the associated dealing costs
c) Price(s) and volume(s)
Price(s) Volume(s)
(a) £0.00 (a) 57,513
(b) £0.4915 (b) 27,129
d) Aggregated information N/A
- Aggregated volume
- Price
- Aggregated total
e) Date of the transaction (a) 10 July 2023
(b) 10 July 2023
f) Place of the transaction (a) Outside a trading venue
(b) London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
- Aggregated total
N/A
e)
Date of the transaction
(a) 10 July 2023
(b) 10 July 2023
f)
Place of the transaction
(a) Outside a trading venue
(b) London Stock Exchange
Jon Messent, Company Secretary
Contact Number: 01256 605212
11 July 2023
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
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