Redde Plc Director/PDMR Shareholding
17 November 2016 - 6:00PM
UK Regulatory
TIDMREDD
* News Release *
Issue Date: 17 November 2016
Redde plc
("Company")
Director/PDMR Shareholding
Following the announcement on 3 November 2016 of the conversion of Martin Ward
and Stephen Oakley's interests in 6,940,606 and 3,470,304 B Shares respectively
under the B Share Incentive Scheme on a one-for-one basis to the same number of
Ordinary Shares in the Company, the Company yesterday received notification
that Martin Ward and Stephen Oakley had sold 4,000,000 and 2,000,000 Ordinary
Shares respectively in the market at a price of 170 pence per share.
As a result of these transactions, Martin Ward and Stephen Oakley's interests
(including family interests) in the Ordinary Shares of the Company are as
follows:
Director Number of Number of Number of Percentage of
Ordinary Shares Ordinary Shares Ordinary Shares total voting
held prior to sold held following rights held
the sale the sale after the sale
Martin Ward 7,644,715 4,000,000 3,644,715 1.20%
Stephen Oakley 3,793,343 2,000,000 1,793,343 0.59%
The Company's capital consists of 303,959,703 ordinary shares of 0.1 pence each
in issue, each with voting rights. This figure (303,959,703) may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries
Redde plc Tel: 01225 321134
Martin Ward - Chief Executive Officer
Stephen Oakley - Chief Financial Officer
Cenkos Securities plc (Nominated Adviser and Joint Tel: 0207 397 8900
Broker)
Elizabeth Bowman
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Nic Hellyer
Square1 Consulting Tel: 0207 929 5599
David Bick
Brian Alexander
Notes for Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance companies, insurance
brokers, prestige motor dealerships, and large national fleet owners the Group
provides a range of accident management, incident management and legal
services.
The Group is one of the market leaders in its fields of business; it delivers
accident management solutions to motorists ensuring that they remain mobile
until their own vehicles are repaired or until they are put in a position to
obtain a replacement and it provides legal services ensuring that they are
properly compensated for their injuries and losses. Legal services also include
wills and probate, family law and employment law advice.
The name Redde is associated, in Latin, with the concept of
restoration.
END
(END) Dow Jones Newswires
November 17, 2016 02:00 ET (07:00 GMT)
Redde Northgate (LSE:REDD)
Historical Stock Chart
From Apr 2024 to May 2024
Redde Northgate (LSE:REDD)
Historical Stock Chart
From May 2023 to May 2024