4 Apr 2023 16:14
Non-Standard Finance plc
(the 'Company' or the 'Group')
Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
04 April 2023
In accordance with the Group's Remuneration Policy approved by shareholders on 17 December 2021, the Group announces the purchase by Mr. Charles Gregson, Non-Executive Chairman of the Company, of 2,190,000 ordinary shares of £0.05 each ('Ordinary Shares'). This was made up of 1,000,000 at a price of 0.41p per Ordinary Share on 31 March 2023, and 1,190,000 at a price of 0.44p per Ordinary Share on 4 April 2023 resulting in a total cost (excluding dealing costs) of £9,336.00.
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 January 2023 to 31 March 2023. 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.
As a result of the above transaction, Mr. Gregson has a beneficial interest in 8,241,043 Ordinary Shares, representing 2.64 per cent of the issued share capital of the Company.
For more information:
Non-Standard Finance plc Sarah Day, Chief ESG Director & Company Secretary | +44 (0) 7468 530085 |
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail:
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)
| LEI
| 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)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,000,000 Ordinary Shares
0.41 pence | ||||
e)
| Date of the transaction
| 31 March 2023 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
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)
| LEI
| 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)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,190,000 Ordinary Shares
0.44 pence | ||||
e)
| Date of the transaction
| 04 April 2023 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||