De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
11 July 2019
De La Rue plc (the "Company") announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibilities (PDMRs) in ordinary shares of 44 152/175p ("Shares") in the capital of the Company.
De La Rue Performance Share Plan ("PSP")
On 10 July 2019, in accordance with the PSP the Director and PDMRs listed in the table below were 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 £2.9760, being the average of the Company's middle market closing price for a Share for the five consecutive dealing days commencing on 3 July 2019.
Awards are subject to the appropriate three year performance period and the vesting date for each award will be the third anniversary of the award date in respect of 60% of the Shares subject to the award (with a two year post vesting holding period) and the fourth anniversary of the award date in respect of the remaining Shares (with a one year post vesting holding period), subject to, in each case, 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 end of the holding period on the Shares that vest.
| Name | Director/ PDMR | Shares awarded |
| Helen Willis | Director/PDMR | 110,887 |
| Jo Easton | PDMR | 73,924 |
| Bryan Gray | PDMR | 101,478 |
| Richard Hird | PDMR | 92,909 |
| Ed Peppiatt | PDMR | 80,141 |
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
11 July 2019
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 /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
Identification code
| Ordinary shares of 44 152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Award of 110,887 Shares at nil cost under the Performance Share Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 10 July 2019 | ||||
| f)
| Place of the transaction
| London, outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Jo Easton
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Group Director of Human Resources | ||||
| 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
Identification code
| Ordinary shares of 44 152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Award of 73,924 Shares at nil cost under the Performance Share Plan. . | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 10 July 2019 | ||||
| f)
| Place of the transaction
| London, outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Bryan Gray
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Operating 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
Identification code
| Ordinary shares of 44 152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Award of 101,478 Shares at nil cost under the Performance Share Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 10 July 2019 | ||||
| f)
| Place of the transaction
| London, outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Richard Hird
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Commercial 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
Identification code
| Ordinary shares of 44 152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Award of 92,909 Shares at nil cost under the Performance Share Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 10 July 2019 | ||||
| f)
| Place of the transaction
| London, outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Ed Peppiatt | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| General Counsel and Company Secretary | ||||
| 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
Identification code
| Ordinary shares of 44 152/175p
GB00B3DGH821 | ||||
| b)
| Nature of the transaction
| Award of 80,141 Shares at nil cost under the Performance Share Plan. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 10 July 2019 | ||||
| f)
| Place of the transaction
| London, outside a trading venue | ||||