Last checked at 30 Nov 2017 17:25
Softcat plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to awards of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 28 November 2017 under the Softcat plc Annual and Deferred Bonus Plan ("ABP"). This announcement is made in accordance with Article 19.3 of MAR.
Softcat plc Annual and Deferred Bonus Plan
On 28 November 2017, awards under the Company's Annual and Deferred Bonus Plan (the "ABP") were made as set out in the table below.
The awards were made as nil-cost options and the number of shares over which each nil-cost option was awarded has been calculated by reference to the average share price over the last 30 days of the Financial Year to which the Bonus Award relates (FY17) (385.31 pence) in accordance with the rules of the ABP.
The awards are not subject to the achievement of performance conditions. The normal date of vesting for these nil-cost options will be 28 November 2020 and the last date for exercise will be 27 November 2027, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the ABP.
1. Name | 2. Status | 3. No. of Shares subject to ABP award |
Martin Hellawell | Director/PDMR | 44,552 |
Graham Charlton | Director/PDMR | 18,177 |
For further information on the ABP, please refer to the Company's Annual Report and Accounts.
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||
a) | Name | Martin Hellawell
| |||||
2. | Reason for the notification | ||||||
a) | Position / status | CEO
| |||||
b) | Initial notification / amendment | Initial Notification
| |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Softcat plc | |||||
b) | LEI | N/A | |||||
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
Identification Code | Ordinary Shares of £0.0005 each
ISIN: GB00BYZDVK82 | |||||
b) | Nature of the transaction | Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Annual and Deferred Bonus Plan | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price |
N/A | |||||
e) | Date of the transaction |
2017-11-28 | |||||
f) | Place of the transaction |
Outside a trading venue | |||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||
a) | Name | Graham Charlton
| |||||
2. | Reason for the notification | ||||||
a) | Position / status | CFO
| |||||
b) | Initial notification / amendment | Initial Notification
| |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Softcat plc | |||||
b) | LEI | N/A | |||||
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
Identification Code | Ordinary Shares of £0.0005 each
ISIN: GB00BYZDVK82 | |||||
b) | Nature of the transaction | Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Annual and Deferred Bonus Plan
| |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price |
N/A | |||||
e) | Date of the transaction |
2017-11-28 | |||||
f) | Place of the transaction |
Outside a trading venue | |||||