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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
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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
|
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
|
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
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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
|
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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