Director/PDMR Shareholding

5 June 2019


PayPoint plc (the ‘Company’)


NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING

PAYPOINT PLC LONG-TERM INCENTIVE PLAN (‘LTIP’)



2016 LTIP AWARDS - VESTING

The Company announces that on 4 June 2019, in accordance with the rules of the PayPoint plc Long-Term Incentive Plan, LTIP Awards granted in 2016 vested and ordinary shares in the Company were released to the Persons Discharging Managerial Responsibility (‘PDMRs’) as listed below.


The release of LTIP awards is dependent upon the Total Shareholder Return performance of the Company relative to its comparator group measured over a three year period from the date of grant. The level of vesting for awards granted in 2016 was 100%.


The midmarket value of the ordinary shares in the Company on the date of release was £10.70 per share.


PDMRs

Awards granted

Awards vested

Awards deducted in lieu of tax and NI*

Balance of ordinary shares released

Tim Watkin-Rees

43,310

43,310

20,356

22,954

Jon Marchant

11,170

11,170

5,250

5,920

Susan Court

9,042

9,042

4,250

4,792

Katy Wilde

7,287

7,287

3,425

3,862

Lewis Alcraft

19,148

19,148

9,000

10,148


* Tax and National Insurance liability will be satisfied by the Company in cash


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 vesting of shares under the PayPoint plc Long-Term Incentive Plan, following adjustments for tax.  The midmarket value of the shares in the Company on the date of release was £10.70 per share.

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          22,954

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


22,954


Nil consideration.  Market value £10.70


Market value £245,607.80

e)

Date of the transaction


2019-06-04

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


Shares acquired pursuant to the vesting of shares under the PayPoint plc Long-Term Incentive Plan, following adjustments for tax.  The midmarket value of the shares in the Company on the date of release was £10.70 per share.

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          5,920

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


5,920


Nil consideration.  Market value £10.70


Market value £63,344.00

e)

Date of the transaction


2019-06-04

f)

Place of the transaction


Outside a trading venue


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


Shares acquired pursuant to the vesting of shares under the PayPoint plc Long-Term Incentive Plan, following adjustments for tax. The midmarket value of the shares in the Company on the date of release was £10.70 per share.     

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          4,792

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


4,792


Nil consideration.  Market value £10.70


Market value £51,274.40

e)

Date of the transaction


2019-06-04

f)

Place of the transaction


Outside a trading venue


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


Shares acquired pursuant to the vesting of shares under the PayPoint plc Long-Term Incentive Plan, following adjustments for tax. The midmarket value of the shares in the Company on the date of release was £10.70 per share.    

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          3,862

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


3,862


Nil consideration.  Market value £10.70


Market value £41,323.40

e)

Date of the transaction


2019-06-04

f)

Place of the transaction


Outside a trading venue


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


Shares acquired pursuant to the vesting of shares under the PayPoint plc Long-Term Incentive Plan, following adjustments for tax.  The midmarket value of the shares in the Company on the date of release was £10.70 per share.

c)

Price(s) and volume(s)


Price(s)                          Volumes

Nil consideration          10,148

d)

Aggregated information


  • Aggregated volume

  • Price

  • Total


10,148


Nil consideration.  Market value £10.70


Market value £108,583.60

e)

Date of the transaction


2019-06-04

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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