Director/PDMR Shareholding

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18 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 15 August 2023, the executive director exercised the following Award and sold the following resulting ordinary shares:

Director

Award exercised

Shares sold

Shares retained

Philip Vincent

476,382

224,687

251,695 (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

 

 

 

 Philip Vincent

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)

 

 

 

Price(s)

 

Volume(s)

 Nil

 

476,382

 

 

e)

 

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

 

 

476,382

 

Nil

 

 

 

f)

 

Date of the transaction

 

 

15 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 statutory withholding liabilities 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 251,695 transferred to an ESA with HSBC with no change in beneficial ownership.

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£  3.44

 

224,687

 

 

e)

 

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

 

 

224,687

 

£3.44

 

f)

 

Date of the transaction

 

 

17 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

 

 

 

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