TIDMDLAR

RNS Number : 1608Z

De La Rue PLC

29 August 2018

De La Rue plc

Director/PDMR Shareholding

Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

29 August 2018

De La Rue plc (the "Company") announces the following change in the interest of the Director and Person Discharging Managerial Responsibilities (PDMR) in ordinary shares of 44 (152/175) p ("Shares") in the capital of the Company.

De La Rue Performance Share Plan ("PSP")

On 28 August 2018, in accordance with the rules of the PSP the Director and PDMR listed in the table below was awarded an interest in Shares following the grant of an award of Nil Cost Options over the Company's Shares. The number of Shares awarded was calculated by reference to a price of GBP4.98, being the average of the Company's middle market closing price for a Share for the five consecutive dealing days commencing on 20 August 2018.

Sixty per cent of the award will vest on 28 August 2021 and the remaining forty per cent will vest on 28 August 2022, subject to continued employment with De La Rue and the achievement of a number of performance conditions. The number of Shares shown below represents the maximum that may be acquired if all performance conditions are achieved in full. The Company may also transfer additional Shares to reflect the value of dividends that would have been paid over the period between the Award Date and the Vesting Date on the Shares that vest.

 
 Name            Director/ PDMR    Shares awarded 
 Helen Willis    Director/PDMR     66,265 
                ----------------  ---------------

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

Ed Peppiatt, Company Secretary

Contact Number: 01256 605343

29 August 2018

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Helen Willis 
     -----------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                Executive Director/Chief Financial 
                                      Officer 
     -----------------------------  ------------------------------------------ 
 b)   Initial notification           Initial Notification 
       /Amendment 
     -----------------------------  ------------------------------------------ 
 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   Ordinary shares of 44 (152/175) p 
       instrument, type of 
       instrument 
                                      GB00B3DGH821 
       Identification code 
     -----------------------------  ------------------------------------------ 
 b)   Nature of the transaction      Award of 66,265 Shares at nil cost 
                                      under the Performance Share Plan. 
                                      Sixty per cent of the award will 
                                      vest on 28 August 2021 and the remaining 
                                      forty per cent will vest on 28 August 
                                      2022, subject to continued employment 
                                      and the achievement of performance 
                                      conditions. 
     -----------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
 
                                         GBP0.00     66,265 
                                                   ---------- 
     -----------------------------  ------------------------------------------ 
 d)   Aggregated information         N/A 
 
       - Aggregated volume 
 
       - Price 
 
       - Aggregated total 
     -----------------------------  ------------------------------------------ 
 e)   Date of the transaction        28 August 2018 
     -----------------------------  ------------------------------------------ 
 f)   Place of the transaction       London, outside a trading venue 
     -----------------------------  ------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHEAFPNAAEPEFF

(END) Dow Jones Newswires

August 29, 2018 07:22 ET (11:22 GMT)

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