Redde Northgate Plc - Director/PDMR Shareholding
26 August 2023 - 2:31AM
PR Newswire (US)
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
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
21 August 2023, the executive
director exercised the following Award and sold the following
resulting ordinary shares:
Director
|
Award
exercised
|
Shares
sold
|
Shares
retained
|
Martin
Ward
|
778,315
|
367,094
|
411,221
(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
|
Martin
Ward
|
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
|
778,315
|
|
e)
|
Aggregated
information
-
Aggregated Volume
-
Price
|
778,315
Nil
|
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 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
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
-
Aggregated Volume
-
Price
|
367,094
£3.31
|
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
|
|
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