TIDMNTG

RNS Number : 2024W

Northgate PLC

30 July 2018

30 July 2018

Northgate plc

("Northgate" or the "Company")

Director/PDMR Shareholidng

On 27 July 2018 Northgate plc granted conditional share awards under Northgate plc Executive Performance Share Plan (EPSP) in accordance with the EPSP rules as follows:

 
 Name                             Number of share awards 
                                   granted under LTIP on 
                                   27 July 2018 
 Philip Vincent, Chief Finance 
  Officer                         95,360 
                                 -----------------------

The award will ordinarily become exercisable on the third anniversary of grant subject to the EPSP rules, the grantee's continued service and to the extent to which the performance conditions set for the award are satisfied.

Details of the full notification by the Company are set out below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name 
                                    Philip Vincent 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Chief Finance Officer 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Northgate plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                         213800B3ZUTDOZYVJB41 
     --------------------------  ---------------------------------------- 
 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          Ordinary Shares of 50 pence each 
       financial instrument,       in Northgate plc 
       type of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B41H7391 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of a nil cost option award 
                                   under the Executive Performance Share 
                                   Plan. In the normal course of events 
                                   the award will become exercisable 
                                   after three years subject to continued 
                                   service and to the extent to which 
                                   performance conditions are met. 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         95,360 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information 
 
 
       - Aggregated volume          Not applicable 
 
 
       - Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     27 July 2018 
     --------------------------  ---------------------------------------- 
 g)   Place of the transaction    Outside trading venue 
     --------------------------  ----------------------------------------

For further information, please contact:

 
 Northgate plc                           01325 467558 
 Katie Tasker-Wood, Company Secretary

Further information regarding Northgate plc can be found on the Company's website:

www.northgateplc.com

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

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July 30, 2018 09:58 ET (13:58 GMT)

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