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1 Jul 2021 14:47
Non-Standard Finance plc
(the 'Company' or the 'Group')
Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
1 July 2021
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 215,500 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 3.95p per Ordinary Share and a total cost (excluding dealing costs) of £8,512.25.
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 2021 to 30 June 2021. 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 1,401,549 Ordinary Shares, representing 0.4 per cent of the issued share capital of the Company.
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications | +44 (0) 20 3869 9026 |
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
|
215,500 Ordinary Shares
3.95 pence | ||||
e)
| Date of the transaction
| 1 July 2021 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
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