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NTG - Northgate News Story

350p 5.0  1.4%

Last Trade - 11/11/19

Sector
Industrials
Size
Mid Cap
Market Cap £466.3m
Enterprise Value £903.2m
Revenue £745.5m
Position in Universe 577th / 1849

Northgate PLC - Director/PDMR Shareholding

Wed 25th September, 2019 3:40pm
RNS Number : 6809N
Northgate PLC
25 September 2019
 

25 September 2019

Northgate plc

("Northgate" or the "Company")

Director/PDMR Shareholding

On 24 September 2019 Northgate plc granted conditional share awards under Northgate plc Executive Performance Share Plan (EPSP)  in accordance with the EPSP rules approved at the AGM on 23 September 2019 (AGM) and the Directors acquired shares, in accordance with the award of the Executive Annual Bonus for FY19, following the approval of the Reumneration Policy at the AGM as follows:

Name

Number of share awards granted under LTIP on 24 September 2019

Number of shares bought in accordance with the Executive Annual Bonus for FY19

Kevin Bradshaw, Chief Executive Officer

 

215,156

43,719

Philip Vincent, Chief Finance Officer

157,781

15,674

 

The EPSP award will ordinarily become exercisable on the third anniversary of grant subject to the EPSP rules, the grantee's continued service and to the extent to which the performance conditions set for the award are satisfied.

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

 

 

 

 Kevin Bradshaw

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

 

 

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 50 pence each in Northgate plc

b)

Identification code

 

 

GB00B41H7391

c)

 

Nature of the transaction

 

 

Grant of a nil cost option award under the Executive Performance Share Plan.

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

 

215,156

 

 

 

e)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

 

f)

 

Date of the transaction

 

 

24 September 2019

g)

 

Place of the transaction

 

 

Outside trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Kevin Bradshaw

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

 

 

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 50 pence each in Northgate plc

b)

Identification code

 

 

GB00B41H7391

c)

 

Nature of the transaction

 

 

Purchase of shares

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£3.20

 

43,719

 

 

 

e)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

 

f)

 

Date of the transaction

 

 

24 September 2019

g)

 

Place of the transaction

 

 

London Stock Exchange

 

 

 

 

 



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

 

 

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 50 pence each in Northgate plc

b)

Identification code

 

 

GB00B41H7391

c)

 

Nature of the transaction

 

 

Grant of a nil cost option award under the Executive Performance Share Plan.

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

 

157,781

 

 

 

e)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

 

f)

 

Date of the transaction

 

 

24 September 2019

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

 

 

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 50 pence each in Northgate plc

b)

Identification code

 

 

GB00B41H7391

c)

 

Nature of the transaction

 

 

Purchase of shares

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£3.20

 

15,674

 

 

 

e)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

 

f)

 

Date of the transaction

 

 

24 September 2019

g)

 

Place of the transaction

 

 

London Stock Exchange

 

 

 

For further information, please contact:

 

Northgate plc   

01325 467558

Katie Tasker-Wood, Company Secretary

 

 

 

Further information regarding Northgate plc can be found on the Company's website:

www.northgateplc.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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