Redde Plc Director/PDMR Shareholding and Total Voting Rights
17 September 2018 - 4:00PM
UK Regulatory
TIDMREDD
* News Release *
Issue Date: 17 September 2018
Redde plc
("Company")
Director's shareholding: exercise of options
The Company received notification on 14 September 2018 that on 14 September
2018:
Martin Ward:
1. exercised (at an exercise price of 0.10 pence per share) 535,880 options
over the ordinary 0.10p shares in the Company ("Ordinary Shares") which he
held under the Company's 2016 Performance Share Plan (the "Scheme"); and
2. sold (at a sale price of 187.6 pence per share) 293,401 Ordinary Shares, as
permitted by the rules of the Scheme, to meet the sale expenses and the
resulting tax and national insurance liabilities.
Stephen Oakley:
1. exercised (at an exercise price of 0.10 pence per share) 360,255 options
over the ordinary 0.10p shares in the Company ("Ordinary Shares") which he
held under the Company's 2016 Performance Share Plan (the "Scheme"); and
2. sold (at a sale price of 187.6 pence per share) 197,245 Ordinary Shares, as
permitted by the rules of the Scheme, to meet the sale expenses and the
resulting tax and national insurance liabilities.
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 Number of Percentage of
Ordinary Ordinary Ordinary Ordinary total voting
Shares held Shares Shares Shares held rights held
prior to iIssued by sold to following after these
these way of meet tax these transactions
transactions exercise of liabilities transactions
options
Martin Ward 3,681,982 535,880 293,401 3,924,461 1.285%
Stephen 1,830,610 360,255 197,245 1,993,620 0.653%
Oakley
The Company's capital consists of 305,276,076 ordinary shares of 0.1 pence each
in issue, each with voting rights. This figure (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 Guidance and Transparency Rules.
The notifications below, made in accordance with the Market Abuse Regulation,
provide further detail.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Martin Ward
2 Reason for the notification
a) Position/status Director
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Redde plc
b) LEI 21380063LFNLZM7AYT28
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
Transaction 1
a) Description of the Options over ordinary shares.
financial
instrument, type of
instrument
GB00BLWFOR63
Identification code
b) Nature of the Exercise of options over ordinary shares.
transaction
c) Price(s) and volume Transaction Price(s) Volume(s) Total
(s)
Exercise GBP0.001 535,880 GBP535.88
d) Aggregated N/A
information
-Aggregated volume
-Price N/A
e) Date of the 14 September 2018.
transaction
f) Place of the Outside of trading venue.
transaction
Transaction 2
Description of the Ordinary shares.
financial
instrument, type
of instrument
Identification
code
GB00BLWFOR63
Nature of the Sale of ordinary shares.
transaction
Price(s) and Transaction Price(s) Volume(s) Total
volume(s)
Sale GBP1.876 293,401 GBP
550,420.28
Aggregated N/A
information
-Aggregated volume N/A
-Price
Date of the 14 September 2018.
transaction
Place of the AIMX
transaction
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Stephen Oakley
2 Reason for the notification
a) Position/status Director
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Redde plc
b) LEI 21380063LFNLZM7AYT28
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
Transaction 1
a) Description of the Options over ordinary shares.
financial instrument,
type of instrument
Identification code GB00BLWFOR63
b) Nature of the Exercise of options over ordinary shares.
transaction
c) Price(s) and volume(s) Transaction Price(s) Volume(s) Total
Exercise GBP0.001 360,255 GBP360.26
d) Aggregated information N/A
-Aggregated volume N/A
-Price
e) Date of the transaction 14 September 2018;
f) Place of the Outside of trading venue.
transaction
Transaction 2
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
Description of Sale of ordinary shares.
the financial
instrument,
type of GB00BLWFOR63
instrument
Identification
code
Nature of the Ordinary shares.
transaction
Price(s) and Transaction Price(s) Volume(s) Total
volume(s)
Sale GBP1.876 197,245 GBP
370,031.62
Aggregated N/A
information
-Aggregated N/A
volume
-Price
Date of the 14 September 2018;
transaction
Place of the AIMX
transaction
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
Harry Hargreaves
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Mark Taylor
Square1 Consulting Tel: 0207 929 5599
David Bick
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, clinical negligence and employer and public
liability law advice.
The name Redde is associated, in Latin, with the concept of restoration.
END
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