De La Rue plc announced that on 8 July 2024, awards made under the De La Rue Deferred Bonus Plan (DBP) to Clive Vacher and Ruth Euling, both Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs), automatically vested and were released. In accordance with the DBP rules, the company withheld a portion of each award and sold sufficient shares to fund income tax, national insurance withholdings, and associated dealing costs. These shares were sold in the market at a weighted average price of 97.789 pence per share.
The awards, which automatically vested, were granted under the DBP on 6 July 2022. Clive Vacher, CEO, had 67,315 shares subject to the awards vesting, of which 31,751 were sold in the market, and 35,564 were retained. Ruth Euling, MD of Currency, had 31,844 shares subject to the awards vesting, of which 15,021 were sold in the market, and 16,823 were retained.
Following these transactions, Clive Vacher holds 338,687 shares, and Ruth Euling holds 102,225 shares of the company's ordinary shares of 44152/175p.
The transactions were conducted outside a trading venue and on the London Stock Exchange. Jon Messent, Company Secretary, provided the contact number as 01256 605212.
For more information, visit the De La Rue plc website.