Redde Northgate Plc - Director/PDMR Shareholding
August 03 2023 - 6:55AM
PR Newswire (US)
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
|
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
|
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)
|
Price(s)
|
Volume(s)
|
£0
|
273,143
|
|
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)
|
Price(s)
|
Volume(s)
|
£0
|
176,416
|
|
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
|
|
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