On September 19, 2023, Ruth Euling, an Executive Director and Person Discharging Managerial Responsibilities (PDMR) of De La Rue plc, exercised a nil-cost option granted under the company's Performance Share Plan (PSP) and sold ordinary shares in the market. The shares were sold at a weighted average price of 61.00 pence per share. The purpose of the sale was to fund income tax and national insurance withholdings, as well as associated dealing costs.
The option was granted to Ruth Euling on December 4, 2013, and vested in full on the third anniversary of the grant date. The option would have otherwise lapsed on December 4, 2023. Following the exercise of the option and the sale of shares, Ruth Euling retains 5,801 shares, bringing her total holding to 85,402 shares.
The relevant information provided in the announcement is in accordance with the requirements of Article 19 of the Market Abuse Regulation as retained in UK law. The notification includes details of Ruth Euling as the person discharging managerial responsibilities, her position as Executive Director and MD, Currency, and the initial notification status.
The issuer of the shares is De La Rue plc, with the LEI (Legal Entity Identifier) 213800DH741LZWIJXP78. The financial instrument involved in the transaction is ordinary shares of 44152/175p, with the identification code GB00B3DGH821.
The nature of the transaction includes the exercise of a nil-cost option over 11,023 shares granted under the rules of the De La Rue Performance Share Plan, as well as the sale of shares to fund income tax and national insurance withholdings and associated dealing costs. The transaction took place on September 19, 2023, outside a trading venue, specifically on the London Stock Exchange.
For further information, interested parties can visit the De La Rue plc website or contact Jon Messent, the Company Secretary, at 01256 605212.