REG - Non-Standard Fin - Director/PDMR Shareholding

Non-Standard FinanceAnnouncement

27/03/2020 17:45

RNS Number : 9452H
  
Non-Standard Finance PLC
  
27 March 2020
  
 

 PRESS RELEASE
Non-Standard Finance plc
(the 'Company' or the 'Group')
 
Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
27 March 2020
 
In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Group announces the purchase by Mr. Charles Gregson, Non-Executive Chairman of the Company, of 59,490 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 14.3p per Ordinary Share and a total cost (excluding dealing costs) of £8,592.36.
 
The Company gave funds to Mr. Gregson to be applied for the immediate purchase of Ordinary Shares by Mr. Gregson to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 January 2020 to 31 March 2020. The remaining 50% of fees in relation to that period has been paid in cash. It is expected that future share purchases will be made quarterly, in the same manner, to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.
 
In addition, the following amendments have been made to the Director/PDMR Shareholding announcements released on 3 October 2019 at 16:17 under RNS No 7284O and 3 January 2020 at 11:53 under RNS No 7199Y respectively. In the 3 October 2019 announcement, the number of shares purchased was incorrectly stated as 22,300 Ordinary Shares, instead of the correct total of 22,360 Ordinary Shares. As a result, the total number of shares in which Mr. Gregson had a beneficial interest was incorrectly stated as 372,617. The correct total as at 3 October 2019 was 372,677. Accordingly, in the 3 January 2020 announcement, the total number of shares in which Mr. Gregson has a beneficial interest was incorrectly stated as 410,202 Ordinary Shares. The correct total as at 3 January 2020 was 410,262 Ordinary Shares. All other details remain unchanged.
 
As a result of the above transaction, Mr. Gregson therefore has a beneficial interest in 469,752 Ordinary Shares, representing 0.2 per cent of the issued share capital of the Company.
 
For more information:
 




Non-Standard Finance plc
Peter Reynolds, Director, IR and Communications




+44 (0) 20 3869 9026




 
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
 




1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 
 


Charles Gregson




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


Non-Executive Chairman




b) 
 


Initial notification /Amendment 
 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 
 


Non-Standard Finance plc




b) 
 


LEI 
 
 


213800DVBNIJ1J2OF119




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 
 
Identification code 
 
 


Ordinary shares of 5p each in the capital of Non-Standard Finance plc
 
GB00BRJ6JV17




b) 
 


Nature of the transaction 
 
 


Purchase of Ordinary Shares by Charles Gregson in respect of 50% of his post-tax director's fees
 




c) 
 


Price(s) and volume(s) 
 
 


 




Price(s)
 


Volume(s)




14.3 pence
 


59,490 Ordinary Shares
 




 
 




d) 
 


Aggregated information 
 
 
- Aggregated volume 
 
 
- Price 
 
 


 
 
 
59,490 Ordinary Shares
 
 
14.3 pence




e) 
 


Date of the transaction 
 
 


25 March 2020




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)




 
 
 


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