Redde Northgate Plc Director/PDMR Shareholding
July 14 2022 - 10:40AM
UK Regulatory
TIDMREDD
14 July 2022
Redde Northgate plc
("Redde Northgate" or the "Company")
Director/PDMR Shareholding
The Company announces that on 13 July 2022 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 271,763
Executive Officer
Philip Vincent, Chief 175,525
Finance Officer
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
a) Name
Martin Ward
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Initial notification
Amendment
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 Nil cost options over ordinary shares of £
financial instrument, 0.50 each in Redde Northgate plc
type of instrument
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) Price(s) Volume(s)
£0 271,763
e) Aggregated information
- Aggregated volume 271,763
- Price £0
f) Date of the transaction 13 July 2022
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 / Initial notification
Amendment
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 Nil cost options over ordinary shares of £
financial instrument, 0.50 each in Redde Northgate plc
type of instrument
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) Price(s) Volume(s)
£0 175,525
e) Aggregated information
- Aggregated volume 175,525
- Price £0
f) Date of the transaction 13 July 2022
g) Place of the transaction Outside trading venue
Shareholding
Further to its announcement on 11 July 2022, the Company confirms that the
following awards of ordinary shares of £0.50 in the Company allocated to the
executive directors in accordance with the rules of the Company's executive
annual bonus scheme for FY22 (EAB) were made on 8 July 2022:
Name Number of shares allocated in accordance with
the executive annual bonus for FY22
Martin Ward, Chief 68,747
Executive Officer
Philip Vincent, Chief 29,601
Finance Officer
For further information, please contact:
Redde Northgate plc
James Kerton, Company Secretary
james.kerton@reddenorthgate.com
END
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