4 Jul 2022 16:16
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Non-Standard Finance plc
(the 'Company' or the 'Group')
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Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
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4 July 2022
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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 425,000 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 1.975p per Ordinary Share and a total cost (excluding dealing costs) of £8,393.75.
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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 2022 to 30 June 2022. 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.
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As a result of the above transaction, Mr. Gregson has a beneficial interest in 2,762,079 Ordinary Shares, representing 0.8 per cent of the issued share capital of the Company.
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For more information:
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Non-Standard Finance plc Sarah Day, Chief ESG Director & Company Secretary | +44 (0) 7468 530085 |
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The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail:
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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 | 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
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d)  | Aggregated information  - Aggregated volume  - Price   |   425,000 Ordinary Shares  1.975 pence | ||||
e)  | Date of the transaction   | 1 July 2022 | ||||
f)  | Place of the transaction   | London Stock Exchange (XLON) | ||||
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