Redde Northgate Plc - Director/PDMR Shareholding
PR Newswire
09 August 2021
Redde Northgate plc
(“Redde Northgate” or the “Company”)
Director/PDMR Shareholidng
The Company announces that on 09 August 2021 ReddeNorthgate made awards to executive directors of nil cost options over ordinary shares of £0.50 in the Company (Options) under its Executive Performance Share Plan (EPSP) as follows:
| Name | Number of Options awarded |
| Martin ward, Chief Executive Officer | 206,853 |
| Philip Vincent, Chief Finance Officer | 133,601 |
The EPSP award will ordinarily become exercisable on the third anniversary of grant subject to the EPSP rules, the grantee´s continued service and to the extent to which the performance conditions set for the award are satisfied. There is a holding period of two years after vesting.
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 | Chief Executive Officer | ||||
| 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 50 pence each in Redde Northgate plc | ||||
| b) | Identification code | GB00B41H7391 | ||||
| c) | Nature of the transaction |
Grant of nil cost options under the Executive Performance Share Plan. | ||||
| d) | Price(s) and volume(s) |
|
||||
| e) | Aggregated information - Aggregated volume - Price |
Not applicable |
||||
| f) | Date of the transaction | 09 August 2021 | ||||
| g) | Place of the transaction | Outside trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) | Name | Philip Vincent | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Finance Officer | ||||
| 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 50 pence each in Redde Northgate plc | ||||
| b) | Identification code | GB00B41H7391 | ||||
| c) | Nature of the transaction |
Grant of nil cost options under the Executive Performance Share Plan. | ||||
| d) | Price(s) and volume(s) |
|
||||
| e) | Aggregated information - Aggregated volume - Price |
Not applicable |
||||
| f) | Date of the transaction | 09 August 2021 | ||||
| g) | Place of the transaction | Outside trading venue | ||||
For further information, please contact:
| Redde Northgate plc | |
| Nick Tilley, Company Secretary Ntilley-e@redde.com |
