REG - Non-Standard Fin - Purchase of own shares to satisfy NED fees

Non-Standard FinanceAnnouncement

29/03/2019 14:55

RNS Number : 5199U
Non-Standard Finance PLC
29 March 2019
 


Non-Standard Finance plc
(the 'Company' or the 'Group')
 
29 March 2019
 
Purchase of own shares to satisfy Non-Executive Director fees
Director/PDMR Shareholding
 
In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Group announces the purchase of 15,333 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 55.5p per Ordinary Share and a total cost (excluding dealing costs) of £8,510.  The Ordinary Shares purchased have been immediately transferred to Mr. Charles Gregson, Non-Executive Chairman of the Company to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 January 2019 to 31 March 2019.  The remaining 50% of fees due has been paid in cash.
 
It is expected that future share purchases will be made quarterly by the Company to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.
 
As a result of the immediate transfer to Mr. Gregson, there is no change in the number of Ordinary Shares held in treasury or the total number of voting rights in the Company of 312,049,682 arising from the Ordinary Shares purchased by the Company.
 
As a result of the above transaction, Mr. Gregson has a beneficial interest in 326,317 Ordinary Shares, representing 0.1 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 the Company and immediate transfer to Charles Gregson, as satisfaction of 50% of his post-tax director fees




c)
 


Price(s) and volume(s)
 
 


 




Price(s)
 


Volume(s)




55.5 pence
 


15,333 Ordinary Shares
 




 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


 
 
 
15,333 Ordinary Shares
 
 
55.5 pence




e)
 


Date of the transaction
 
 


28 March 2019




f)
 


Place of the transaction
 
 


London Stock Exchange (XLON)




 
 
 




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