Director/PDMR Shareholding

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

264

297

Mugur Dogariu

926

228

1,154

0**

1,154


* 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.


PDMRs

Shares sold

Jon Marchant

640

Susan Court

528

Katy Wilde

264

Lewis Alcraft

297


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.


PDMRs

Shares sold

Jon Marchant

3,872

Susan Court

4,792

Katy Wilde

3,862

Lewis Alcraft

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


Tim Watkin-Rees

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

a)

Name

PayPoint plc


b)

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

a)

Description of the financial instrument


Identification code

Ordinary shares of 1/3p each


GB00B02QND93


b)

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.

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          1,741

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


1,741


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


1.

Details of PDMR / person closely associated with them (‘PCA’)

a)

Name


Jon Marchant

2.

Reason for the notification

b)

Position / status


Chief Information Officer

c)

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 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

a)

Description of the financial instrument


Identification code

Ordinary shares of 1/3p each


GB00B02QND93


b)

Nature of the transaction


Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.


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.


Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.


c)

Price(s) and volume(s)


Price(s)                          Volumes

10.44         3872

Nil consideration         640

10.69         640

d)

Aggregated information


  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total


3,872

£10.44

£40,420.58


640

Nil consideration, Market value £10.50

Market value £6,720.00


640

£10.69

£6,844.13

e)

Date of the transaction


2019-06-07

2019-06-07

2019-06-10

f)

Place of the transaction


London

Outside a trading venue

London


1.

Details of PDMR / person closely associated with them (‘PCA’)

a)

Name


Susan Court

2.

Reason for the notification

b)

Position / status


Head of Legal and Company Secretary

c)

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 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

a)

Description of the financial instrument


Identification code

Ordinary shares of 1/3p each


GB00B02QND93


b)

Nature of the transaction


Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.


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.


Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.


c)

Price(s) and volume(s)


Price(s)                          Volumes

10.44         4,792

Nil consideration         528

10.69         528

d)

Aggregated information

  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total

4,792

£10.44

£50,024.65


528

Nil consideration, Market value £10.50

Market value £5,544.00



528

£10.69

£5,646.41

e)

Date of the transaction


2019-06-07

2019-06-07

2019-06-10

f)

Place of the transaction


London

Outside a trading venue

London


1.

Details of PDMR / person closely associated with them (‘PCA’)

a)

Name


Katy Wilde

2.

Reason for the notification

b)

Position / status


HR Director

c)

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 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

a)

Description of the financial instrument


Identification code

Ordinary shares of 1/3p each


GB00B02QND93


b)

Nature of the transaction


Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.


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.


Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.


c)

Price(s) and volume(s)


Price(s)                          Volumes

10.44         3,862

Nil consideration         264

10.69         264

d)

Aggregated information

  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price
  • Total

3,862

£10.44

£40,316.19


264

Nil consideration.  Market value £10.50

Market value £2,772.00


264

£10.69

£2,823.20

e)

Date of the transaction


2019-06-07

2019-06-07

2019-06-10

f)

Place of the transaction


London

Outside a trading venue

London


1.

Details of PDMR / person closely associated with them (‘PCA’)

a)

Name


Lewis Alcraft

2.

Reason for the notification

b)

Position / status


Chief Commercial Officer

c)

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 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

a)

Description of the financial instrument


Identification code

Ordinary shares of 1/3p each


GB00B02QND93


b)

Nature of the transaction


Sale of shares, following the vesting and acquisition of shares under the PayPoint plc Long-Term Incentive Plan on 4 June 2019.


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.


Sale of shares, following the exercise on 7 June 2019 of nil cost share options granted under the PayPoint plc Deferred Bonus Plan.

c)

Price(s) and volume(s)


Price(s)                          Volumes

10.44         10,148

Nil consideration         297

10.69         297

d)

Aggregated information


  • Aggregated volume
  • Price
  • Total

  • Aggregated volume
  • Price

Total


  • Aggregated volume
  • Price

Total



10,148

£10.44

£105,937.00


297

Nil consideration.  Market value £10.50

Market value £3,118.50



297

£10.69

£3,176.10

e)

Date of the transaction


2019-06-07

2019-06-07

2019-06-10

f)

Place of the transaction


London

Outside a trading venue

London


1.

Details of PDMR / person closely associated with them (‘PCA’)

a)

Name


Mugur Dogariu

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

a)

Name

PayPoint plc


b)

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

a)

Description of the financial instrument


Identification code

Ordinary shares of 1/3p each


GB00B02QND93


b)

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.

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          1,154

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


1,154


Nil consideration.  Market value £10.50


Market value £12,117.00

e)

Date of the transaction


2019-06-07

f)

Place of the transaction


Outside a trading venue



Enquiries:


Susan Court

Company Secretary

PayPoint plc


Tel: +44 (0)1707 600316


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