Redde Northgate Plc Director/PDMR Shareholding
26 August 2023 - 2:31AM
UK Regulatory
TIDMREDD
25 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 penceeach 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 21 August 2023, the executive director exercised the following Award and sold
the following resulting ordinary shares:
+--------+---------+-------+-----------------------------+
|Director|Award |Shares |Shares retained |
| |exercised|sold | |
+--------+---------+-------+-----------------------------+
|Martin |778,315 |367,094|411,221 (These shares are |
|Ward | | |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 |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 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|Ordinary shares of £0.50 each in Redde |
| |instrument, type of |Northgate plc |
| |instrument | |
+--+----------------------------+---------------------------------------------+
|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 |778,315 | |
| | |+--------+---------+ |
+--+----------------------------+---------------------------------------------+
|e)|Aggregated information |778,315 |
| | | |
| |- Aggregated Volume |Nil |
| | | |
| |- Price | |
+--+----------------------------+---------------------------------------------+
|f)|Date of the transaction |21 August 2023 |
+--+----------------------------+---------------------------------------------+
|g)|Place of the transaction |Outside of a Trading Venue |
+--+----------------------------+---------------------------------------------+
| |Transaction 2 |
+--+----------------------------+---------------------------------------------+
|a)|Description of the financial|Ordinary shares of £0.50 each in Redde |
| |instrument, type of |Northgate plc |
| |instrument | |
+--+----------------------------+---------------------------------------------+
|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 personal tax and social |
| | |security obligations 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 411,221 transferred |
| | |to his nominee account with no change in |
| | |beneficial ownership. |
+--+----------------------------+---------------------------------------------+
|d)|Price(s) and volume(s) | |
| | |+--------+---------+ |
| | ||Price(s)|Volume(s)| |
| | |+--------+---------+ |
| | ||£ 3.31 |367,094 | |
| | |+--------+---------+ |
+--+----------------------------+---------------------------------------------+
|e)|Aggregated information |367,094 |
| | | |
| |- Aggregated Volume |£3.31 |
| | | |
| |- Price | |
+--+----------------------------+---------------------------------------------+
|f)|Date of the transaction |25 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
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/redde-northgate-plc/r/director-pdmr-shareholding,c3824317
END
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