Last checked at 25 Aug 2023 17:31
Redde Northgate Plc - Director/PDMR ShareholdingRedde Northgate Plc - Director/PDMR Shareholding
PR Newswire
LONDON, United Kingdom, August 25
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)
|
| ||||
| 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)
|
| ||||
| 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
|
|