De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
11 July 2023
De La Rue plc (the "Company") announces that on 10 July 2023 awards made under the De La Rue Deferred Bonus Plan (the "DBP") to Clive Vacher, Rob Harding and Ruth Euling (each of whom is an Executive Director and a Person Discharging Managerial Responsibilities ("PDMR") of the Company) vested and were released.
In line with the rules of the DBP, the Company withheld a proportion of each award and sold sufficient Shares to fund income tax and national insurance withholdings and the associated dealing costs. These Shares were sold in the market on 10 July 2023 at a weighted average price of 49.15 pence per Share.
The awards which vested were granted under the DBP on 8 July 2021 (the shares released being the second half of the portion of the FY21 bonus which was deferred and share settled) and on 6 July 2022 (the shares released being being the first half of the portion of the FY22 bonus which was deferred and share settled). The second half of the DBP awards made on 6 July 2022 will vest on 8 July 2024, subject to the rules of the DBP.
The vesting of these awards and the sale of shares to fund withholdings creates a change in the interests of each of them in the ordinary shares of 44152/175p of the Company ("Shares"):
Name of Director/PDMR |
Role |
Number of Shares subject to the Awards vesting |
Number of Shares sold in the market |
Number of Shares retained by the PDMR |
Clive Vacher |
CEO |
131,015 |
61,796 |
69,219 |
Rob Harding |
CFO |
52,259 |
24,651 |
27,608 |
Ruth Euling |
MD, Currency |
57,513 |
27,129 |
30,384 |
Following these transactions, the holdings of each of the three PDMRs of the Company's Shares are as follows:
Name of Director/PDMR |
Role |
Number of Shares held by the PDMR |
Clive Vacher |
CEO |
303,123 |
Rob Harding |
CFO |
36,487 |
Ruth Euling |
MD, Currency |
79,601 |
The relevant information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Clive Vacher |
2 |
Reason for the notification |
|
a) |
Position/status |
Executive Director/Chief Executive Officer |
b) |
Initial notification /Amendment |
Initial Notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
a) |
Name |
De La Rue plc |
b) |
LEI |
213800DH741LZWIJXP78 |
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, type of instrument Identification code |
Ordinary shares of 44152/175p GB00B3DGH821 |
b) |
Nature of the transaction |
(a) Vesting of conditional awards in respect of a total of 131,015 Shares under the rules of the De La Rue Deferred Bonus Plan. (b) Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs |
c) |
Price(s) and volume(s) |
|
Price(s) |
Volume(s) |
|
|
(a) £0.00 (b) £0.4915 |
(a) 131,015 (b) 61,796 |
|
d) |
Aggregated information - Aggregated volume - Price - Aggregated total |
N/A |
e) |
Date of the transaction |
(a) 10 July 2023 (b) 10 July 2023 |
f) |
Place of the transaction |
(a) Outside a trading venue (b) London Stock Exchange |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Rob Harding |
2 |
Reason for the notification |
|
a) |
Position/status |
Executive Director/Chief Financial Officer |
b) |
Initial notification /Amendment |
Initial Notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
a) |
Name |
De La Rue plc |
b) |
LEI |
213800DH741LZWIJXP78 |
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, type of instrument Identification code |
Ordinary shares of 44152/175p GB00B3DGH821 |
b) |
Nature of the transaction |
(a) Vesting of conditional awards in respect of a total of 52,259 Shares under the rules of the De La Rue Deferred Bonus Plan. (b) Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs |
c) |
Price(s) and volume(s) |
|
Price(s) |
Volume(s) |
|
|
(a) £0.00 (b) £0.4915 |
(a) 52,259 (b) 24,651 |
|
d) |
Aggregated information - Aggregated volume - Price - Aggregated total |
N/A |
e) |
Date of the transaction |
(a) 10 July 2023 (b) 10 July 2023 |
f) |
Place of the transaction |
(a) Outside a trading venue (b) London Stock Exchange |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Name |
Ruth Euling |
2 |
Reason for the notification |
|
a) |
Position/status |
Executive Director/MD, Currency |
b) |
Initial notification /Amendment |
Initial Notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
a) |
Name |
De La Rue plc |
b) |
LEI |
213800DH741LZWIJXP78 |
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, type of instrument Identification code |
Ordinary shares of 44152/175p GB00B3DGH821 |
b) |
Nature of the transaction |
(a) Vesting of conditional awards in respect of a total of 57,513 Shares under the rules of the De La Rue Deferred Bonus Plan. (b) Sale of Shares to fund income tax and national insurance withholdings and the associated dealing costs |
c) |
Price(s) and volume(s) |
|
Price(s) |
Volume(s) |
|
|
(a) £0.00 (b) £0.4915 |
(a) 57,513 (b) 27,129 |
|
d) |
Aggregated information - Aggregated volume - Price - Aggregated total |
N/A |
e) |
Date of the transaction |
(a) 10 July 2023 (b) 10 July 2023 |
f) |
Place of the transaction |
(a) Outside a trading venue (b) London Stock Exchange |
Jon Messent, Company Secretary
Contact Number: 01256 605212
11 July 2023
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
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