11 June 2019
PayPoint plc (the ‘Company’)
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
PAYPOINT PLC DEFERRED BONUS PLAN (‘DBP’)
PAYPOINT PLC LONG-TERM INCENTIVE PLAN (‘LTIP’)
2016 DBP AWARDS
The Company announces that, in accordance with the rules of the PayPoint plc Deferred Bonus Plan, following the completion of the three year holding period, nil cost share options granted on 7 June 2016 have been automatically exercised on 7 June 2019 by participants who have remained in the employment of the Company for the duration of the deferral period. Accordingly, the Persons Discharging Managerial Responsibility (‘PDMRs’) listed below have become the legal and beneficial owners of ordinary shares of the Company (‘shares’) as detailed below.
The midmarket value of the shares on the dealing day prior to the date of exercise was £10.50 per share.
PDMRs
Awards granted
Dividend awards accrued during deferral period
Total awards exercised
Awards deducted in lieu of tax and NI*
Balance of shares released
Tim Watkin-Rees
2,636
650
3,286
1,545
1,741
Jon Marchant
970
239
1,209
569
640
Susan Court
800
197
997
469
528
Katy Wilde
401
98
499
235
264
Lewis Alcraft
450
111
561
297
Mugur Dogariu
926
228
1,154
0**
* Tax and National Insurance liability will be satisfied by the Company in cash
** Self funded
Following the above mentioned exercises, each of the PDMRs listed below sold his/her shares on 10 June 2019 at a price of £10.69395 per share.
Shares sold
2016 LTIP AWARDS
Further to the regulatory announcement issued on 5 June 2019, regarding the vesting and release of shares awarded in 2016 in accordance with the LTIP plan, the Company announces that the following PDMRs each sold his/her shares on 7 June 2019 at a price of £10.4392 per share.
3,872
4,792
3,862
10,148
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
Name
2.
Reason for the notification
b)
Position / status
Founder
c)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
PayPoint plc
LEI code
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
Description of the financial instrument
Identification code
Ordinary shares of 1/3p each
GB00B02QND93
Nature of the transaction
Shares acquired pursuant to the exercise of nil cost share options granted under the PayPoint plc Deferred Bonus Plan on 7 June 2016, following adjustments for tax. The midmarket value of the shares in the Company on the dealing day prior to the date of exercise was £10.50 per share.
Price(s) and volume(s)
Price(s) Volumes
Nil consideration 1,741
d)
Aggregated information
Nil consideration. Market value £10.50
Market value £18,280.50
e)
Date of the transaction
2019-06-07
f)
Place of the transaction
Outside a trading venue
Chief Information Officer
Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.
Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.
10.44 3872
Nil consideration 640
10.69 640
£10.44
£40,420.58
Nil consideration, Market value £10.50
Market value £6,720.00
£10.69
£6,844.13
2019-06-10
London
Head of Legal and Company Secretary
10.44 4,792
Nil consideration 528
10.69 528
£50,024.65
Market value £5,544.00
£5,646.41
HR Director
10.44 3,862
Nil consideration 264
10.69 264
£40,316.19
Market value £2,772.00
£2,823.20
Chief Commercial Officer
10.44 10,148
Nil consideration 297
10.69 297
Total
£105,937.00
Market value £3,118.50
£3,176.10
Nil consideration 1,154
Market value £12,117.00
Enquiries:
Company Secretary
Tel: +44 (0)1707 600316
I have read and agree to the Privacy Statement
I have read and agree to the Terms and Conditions