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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
|
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
Total
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
|
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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