PayPoint plc : Director/PDMR Shareholding

7 June 2016

PayPoint plc (the "Company")

NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
THE COMPANY'S DEFERRED SHARE BONUS PLAN ("DSB"),
 LONG TERM INCENTIVE PLAN ("LTIP") AND DEFERRED ANNUAL BONUS PLAN ("DABP")

2013 DSB AWARDS

Following the completion of the three year holding period, and the achievement of the required earnings per share growth, 100% of share awards granted under the DSB on 06 June 2013 have been released. Accordingly, on 6 June 2016 the executive directors and PDMRs listed below became the legal and beneficial owners of the following ordinary shares of the Company.

The bonus shares were acquired on 6 June 2013 at a price per share of 961 pence. The matching shares were allocated on 6 June 2013 at a price per share of 961 pence. The midmarket value of the ordinary shares in the Company on the dealing day prior to the date of release was 978 pence per share. 

* Tax and National Insurance liability will be satisfied by the Company in cash
** In lieu of the release of shares, the Company made cash awards to the PDMR in the sum equivalent to 978 pence per share.  

2013 LTIP AWARDS

Following the completion of the three year holding period, share awards granted under the LTIP on 31 May 2013 have failed to satisfy the Total Shareholder Return performance condition resulting in a nil vesting.

2016 DABP AWARDS

The Company announces that on 7 June 2016 in accordance with the rules of the Company's Deferred Annual Bonus Plan (the 'DABP'), the Remuneration Committee has granted the following deferred bonus awards to executive directors and PDMRs under the DABP.

In accordance with the rules, DABP awards were granted on 7 June 2016 at a price of 991 pence per share (the mid-market price on the preceding dealing day) as follows:

The release of DABP awards to participants is dependent upon continuous employment for a period of three years from the date of grant.

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