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 44 152/175p ("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 £4.98, 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 /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 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)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated total | N/A
| ||||
| e)
| Date of the transaction
| 28 August 2018 | ||||
| f)
| Place of the transaction
| London, outside a trading venue | ||||