De La Rue plc has announced the granting of awards under the De La Rue Deferred Bonus Plan (DBP) to Clive Vacher, CEO, and Ruth Euling, MD of Currency, who are both Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the company. The awards represent 40% of the annual bonus earned in the year ended 30 March 2024 and are structured as conditional shares. They will vest in two equal parts, with one half vesting on the first anniversary of the Award Date and the other half on the second anniversary, settled in shares of the company.
Clive Vacher has been granted an award in respect of 25,748 shares, while Ruth Euling has been granted an award in respect of 8,347 shares. The number of shares in each award was calculated by reference to a price of 100.64 pence, based on the average of the closing middle market quotation for the company's shares for the five consecutive dealing days including and ending on 29 July 2024.
The awards were granted at a price of £0.00 and the transactions took place outside a trading venue on 30 July 2024. The relevant information has been provided in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law.
This notification of transactions by persons discharging managerial responsibilities and persons closely associated with them is in line with the company's remuneration report within the 2024 Annual Report. For more information, the company has directed interested parties to visit the De La Rue plc website.