REG-PayPoint plc : Director/PDMR Shareholding <Origin Href="QuoteRef">PAYP.L</Origin>

PayPointAnnouncement

02/02/2017 17:20

        
PayPoint plc
  
Notification of transactions by Directors/PDMRs
  
In accordance with the Market Abuse Regulations, PayPoint plc (the "Company") announces that on 02 February 2017, awards over ordinary shares of 1/3p each in the capital of the Company were made to Rachel Kentleton, Executive Director as follows:
                                 
   Director/PDMR   
   Number of   shares under award   
   Rachel Kentleton 

      
   10,741

      
      
      
  
The awards were granted pursuant to Listing Rule 9.4.2 in respect of a buy-out of a cash annual bonus and long-term incentive awards forfeited on leaving her previous employment. The Remuneration Committee believes that the award reflects the value of the awards forfeited.
    
The awards are structured as nil cost options. 50% of the awards will vest on the second anniversary of grant (02 February 2019) and 50% will vest on the third anniversary of grant (02 February 2020), subject to continued employment over the respective vesting periods.
      
Enquiries:
PayPoint plc
Susan Court, Company Secretary
Tel: +44(0)1707600300
               


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Source: PayPoint plc via Globenewswire