30 Sep 2020 10:06
Â
Â
Non-Standard Finance plc
(the 'Company' or the 'Group')
Â
Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
30 September 2020
Â
In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Group announces the purchase by Mr. Charles Gregson, Non-Executive Chairman of the Company, of 179,111 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 4.75p per Ordinary Share and a total cost (excluding dealing costs) of £8,507.77.
Â
The Company gave funds to Mr. Gregson to be applied for the immediate purchase of Ordinary Shares by Mr. Gregson to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 April 2020 to 30 June 2020. The remaining 50% of fees in relation to that period has been paid in cash. It is expected that future share purchases will be made quarterly, in the same manner, to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.
Â
As a result of the above transaction, Mr. Gregson has a beneficial interest in 769,029 Ordinary Shares, representing 0.2 per cent of the issued share capital of the Company.
Â
For more information:
Â
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications | +44 (0) 20 3869 9026 |
Â
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
Â
1  | Details of the person discharging managerial responsibilities / person closely associated  | |||||
a)  | Name   | Charles Gregson | ||||
2  | Reason for the notification  | |||||
a)  | Position/status   | Non-Executive Chairman | ||||
b)  | Initial notification /Amendment   | Initial notification | ||||
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | |||||
a)  | Name   | Non-Standard Finance plc | ||||
b) Â | LEI Â Â | 213800DVBNIJ1J2OF119 | ||||
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  Identification code   | Ordinary shares of 5p each in the capital of Non-Standard Finance plc  GB00BRJ6JV17 | ||||
b)  | Nature of the transaction   | Purchase of Ordinary Shares by Charles Gregson in respect of 50% of his post-tax director's fees  | ||||
c) Â | Price(s) and volume(s) Â Â | Â
  | ||||
d)  | Aggregated information   - Aggregated volume   - Price   |    179,111 Ordinary Shares   4.75 pence | ||||
e)  | Date of the transaction   | 28 September 2020 | ||||
f)  | Place of the transaction   | London Stock Exchange (XLON) |
Â