Director/PDMR Shareholding
05/08/2024 13:53
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5 August 2024
PayPoint plc (the "Company")
Notification of transaction by Person Discharging Managerial Responsibility
(“PDMR”)
Vesting of Buyout Award
On 1 August 2024, Rob Harding, an Executive Director of the Company, received
1,298 ordinary shares of 1/3 pence each in the Company (“Ordinary
shares”) following the vesting of tranche 1 of the nil cost options granted
to him under a buyout award made on 1 August 2023. The award was granted on
terms equivalent to the Company’s Restricted Share Plan and in accordance
with Listing Rule 9.4.2. Having satisfied the continuous employment condition,
the award vested automatically and was exercised based on pre-existing
instructions.
The 1,298 Ordinary shares represent the net number of shares released
including dividend equivalent shares which have accrued between grant and
vesting. Any income tax and national insurance contributions due on release
have been cash settled.
PDMR Number of conditional shares granted Dividend equivalent shares accrued Gross number of shares vesting Number of shares cash settled to cover taxes due Net Vested shares Number of shares sold
Rob Harding 2,253 194 2,447 1,149 1,298 -
The share price on the day of release of the above award was £6.975 per
share. The share award was settled with market purchased Ordinary shares.
Vesting of Restricted Share Plan Award
The Company announces that, in accordance with the rules of the
PayPoint Restricted Share Plan (“RSP”), the conditional share award
granted on 27 July 2020 to Nick Wiles, an Executive Director of the Company,
vested on 1 August 2024 having met the required performance conditions and was
exercised based on pre-existing instructions.
PDMR Number of conditional shares granted Dividend equivalent shares accrued Gross number of shares vesting Number of shares cash settled to cover taxes due Net Vested shares Number of shares sold
Nick Wiles 14,858 3,375 18,233 8,660 9,573 -
As shown above, shares have been cash settled to cover income tax and national
insurance contributions due on vesting. The share price on the day of release
was £6.975 per share.
The Net Vested share awards were satisfied by the issue of 9,573 Ordinary
shares (the “New Ordinary Shares”). The New Ordinary Shares have been
admitted to trading on the main market pursuant to the Company’s existing
block listing admission facility.
The Notification of Dealing Form for each PDMR can be found below. This
announcement is made in accordance with Article 19 of the UK Market Abuse
Regulation.
Enquiries:
PayPoint Plc
Julia Herd, on behalf of Indigo Corporate Secretary Limited, Company
Secretary
+44 (0)7542031173
Steve O'Neill, Chief Marketing and Corporate Affairs Officer
+44 (0)7919488066
LEI: 5493004YKWI8U0GDD138
http://corporate.paypoint.com/
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Rob Harding
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 PayPoint Plc
b) LEI 5493004YKWI8U0GDD138
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 1/3 pence ISIN: GB00B02QND93
b) Nature of the transaction Exercise of share options awarded under a Listing Rule 9.4.2 arrangement on terms equivalent to the PayPoint Restricted Share Plan.
c) Price(s) and volume(s) Price Volume(s)
£Nil 1,298
d) Aggregated information - Aggregated volume - Aggregated Price 1,298 £Nil
e) Date of the transaction 1 August 2024
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Nick Wiles
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 PayPoint Plc
b) LEI 5493004YKWI8U0GDD138
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 1/3 pence ISIN: GB00B02QND93
b) Nature of the transaction Vesting of conditional share awards under the Company’s Restricted Share Plan ("RSP").
c) Price(s) and volume(s) Price Volume(s)
£Nil 9,573
d) Aggregated information - Aggregated volume - Aggregated Price 9,573 £Nil
e) Date of the transaction 1 August 2024
f) Place of the transaction Outside of a trading venue