Director/PDMR shareholding

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1 June 2018


PayPoint plc (the ‘Company’)


NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING

PAYPOINT PLC LONG TERM INCENTIVE PLAN (“LTIP”)

PAYPOINT PLC DEFERRED BONUS PLAN ("DBP")


2015 LTIP AWARDS

The Company announces that on 1 June 2018, in accordance with the rules of the PayPoint plc Long Term Incentive Plan, LTIP Awards granted in 2015 vested and ordinary shares in the Company were released to the executive director and Persons Discharging Managerial Responsibility (‘PDMR’) 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 2015 was 40.6%. 


The awards were granted on 01 June 2015 at a price of £9.46 per share. The midmarket value of the ordinary shares in the Company on the dealing day prior to the date of release was £9.94 per share.


Director

Awards granted

Awards vested

Awards deducted in lieu of tax and NI*

Balance of Ordinary shares released

Dominic Taylor

72,423

29,403

13,820

15,583


PDMRs

Awards granted

Awards vested

Awards deducted in lieu of tax and NI*

Balance of Ordinary shares released

Lewis Alcraft

4,756

1,930

907

1,023**

Susan Court

6,976

2,832

1,332

1,500

Jon Marchant

8,456

3,433

1,613

1,820**

Tim Watkin-Rees

41,985

17,045

8,012

9,033

Katy Wilde

4,122

1,673

787

886



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

**In lieu of the release of Ordinary shares, the Company made a cash award to the PDMR in a sum equivalent to £9.94 per share.


2015 DBP AWARDS


Following the completion of the three year holding period, the nil cost share options granted on 1 June 2015 have been automatically exercised on 1 June 2018 by participants who have remained in the employment of the Company for the duration of the deferral period. Accordingly, on 1 June 2018 the executive director and PDMRs listed below have become the legal and beneficial owners of ordinary shares of the Company as set out below.


The DPB awards were granted on 1 June 2015 at a price per share of £9.46 per share. The midmarket value of the ordinary shares in the Company on the dealing day prior to the date of release was £9.94 per share.  



Director

Awards granted

Dividend awards accrued during the deferral period

Total Awards exercised

Awards deducted in lieu of tax and NI*

Balance of Ordinary shares released

Dominic Taylor

11,137

2,664

13,801

6,487

7,314


PDMRs

Awards granted

Dividend awards accrued during the deferral period

Total Awards exercised

Awards deducted in lieu of tax and NI*

Balance of Ordinary shares released

Lewis Alcraft

921

220

1,141

536

605**

Susan Court

1,746

417

2,163

1,017

1,146

Mugur Dogariu

1,309

313

1,622

0***

1,622

Jon Marchant

2,368

566

2,934

1,379

1,555

Tim Watkin-Rees

7,672

1,835

9,507

4,469

5,038

Katy Wilde

1,018

243

1,261

593

668


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

**In lieu of the release of Ordinary shares, the Company made a cash award to the PDMR in a sum equivalent to £9.94 per share.

*** Self-funded



Enquiries:


Susan Court

Company Secretary

PayPoint plc


Tel: +44 (0)1707 600316

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