Director/PDMR Shareholding
03 August 2023
Redde Northgate plc
(“Redde Northgate” or the “Company”)
Director/PDMR Grant of Nil Cost Options and Shareholding
The Company announces that on 2 August 2023 it made awards of nil cost options over ordinary shares of £0.50 in the Company (“Options”) under its Executive Performance Share Plan (the Company’s Long Term Incentive Plan or “LTIP”) to the following executive directors:
|
Name |
Number of Options Awarded |
|
Martin Ward, Chief Executive Officer
|
273,143
|
|
Philip Vincent, Chief Finance Officer |
176,416
|
The Options awarded under the LTIP will ordinarily become exercisable on the third anniversary of grant subject to the LTIP rules, the recipient´s continued service and 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
|
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|
a)
|
Name
|
Martin Ward |
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|
2
|
Reason for the notification
|
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|
a)
|
Position/status
|
Chief Executive Officer |
||||
|
b)
|
Initial notification /Amendment
|
Initial notification |
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|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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|
a)
|
Name
|
Redde Northgate plc |
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|
b)
|
LEI
|
213800B3ZUTDOZYVJB41 |
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|
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
|
Nil cost options over ordinary shares of £0.50 each in Redde Northgate plc |
||||
|
b) |
Identification code
|
GB00B41H7391 |
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|
c)
|
Nature of the transaction
|
Grant of nil cost options over ordinary shares of £0.50 each in Redde Northgate plc under the LTIP |
||||
|
d)
|
Price(s) and volume(s)
|
|
||||
|
e)
|
Aggregated information
- Aggregated volume
- Price
|
273,143
£0 |
||||
|
f)
|
Date of the transaction
|
02 August 2023 |
||||
|
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
|
Nil cost options over ordinary shares of £0.50 each in Redde Northgate plc |
||||
|
b) |
Identification code
|
GB00B41H7391 |
||||
|
c)
|
Nature of the transaction
|
Grant of nil cost options over ordinary shares of £0.50 each in Redde Northgate plc under the LTIP |
||||
|
d)
|
Price(s) and volume(s)
|
|
||||
|
e)
|
Aggregated information
- Aggregated volume
- Price
|
176,416
£0 |
||||
|
f)
|
Date of the transaction
|
02 August 2023 |
||||
|
g)
|
Place of the transaction
|
Outside trading venue |
||||
For further information, please contact:
|
Redde Northgate plc |
|
|
James Kerton, Company Secretary james.kerton@reddenorthgate.com
|
|