Redde Northgate Plc - Director/PDMR Shareholding
19 August 2023 - 1:36AM
PR Newswire (US)
18 August 2023
Redde
Northgate plc
("Redde
Northgate" or the "Company")
Director/PDMR
Shareholding
Exercise of
executive share award
The Company
announces that the nil cost award of options over ordinary shares
of £0.50
pence each
in the Company made to the executive director on 13 August 2020 under the Company's 2019 Executive
Performance Share Plan ("Award") vested on 13 August 2023.
On
15 August 2023, the executive
director exercised the following Award and sold the following
resulting ordinary shares:
Director
|
Award
exercised
|
Shares
sold
|
Shares
retained
|
Philip
Vincent
|
476,382
|
224,687
|
251,695
(These shares are subject to a two-year holding period)
|
The ordinary
shares required to satisfy the exercise of the Award was
transferred from the Company's Employee Benefit Trust.
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
|
Director
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
3
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Redde 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 financial instrument, type of instrument
|
Ordinary
shares of £0.50
each in Redde
Northgate plc
|
b)
|
Identification
code
|
GB00B41H7391
|
c)
|
Nature of the
transaction
|
Acquisition of Ordinary Shares made under the Redde Northgate plc
2019 Executive Performance Share Plan.
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
476,382
|
|
e)
|
Aggregated
information
-
Aggregated Volume
-
Price
|
476,382
Nil
|
f)
|
Date of the
transaction
|
15
August 2023
|
g)
|
Place of the
transaction
|
Outside of a
Trading Venue
|
|
Transaction
2
|
a)
|
Description
of the financial instrument, type of instrument
|
Ordinary
shares of £0.50
each in Redde
Northgate plc
|
b)
|
Identification
code
|
GB00B41H7391
|
c)
|
Nature of the
transaction
|
Sale of Ordinary Shares made under the Redde Northgate plc 2019
Executive Performance Share Plan to cover statutory withholding
liabilities arising from the vesting of the Executive Performance
Share Plan
Award.
(This is set out in columns d&e of transaction 2)
Balance of shares being 251,695
transferred to an ESA with HSBC with no change in beneficial
ownership.
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£
3.44
|
224,687
|
|
e)
|
Aggregated
information
-
Aggregated Volume
-
Price
|
224,687
£3.44
|
f)
|
Date of the
transaction
|
17
August 2023
|
g)
|
Place of the
transaction
|
London Stock
Exchange (XLON)
|
For further
information, please contact:
Redde
Northgate plc
|
|
James Kerton,
Company Secretary
james.kerton@reddenorthgate.com
|
|
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