REG-Redde Northgate Plc: Director/PDMR Shareholding

Redde NorthgateAnnouncement

14/07/2022 15:45

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 Executive Officer                      271,763 
 Philip Vincent, Chief Finance Officer                     175,525 

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        271,763                                                                                            
 e)        Aggregated information   - Aggregated volume   - Price                                             271,763   £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 /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        175,525                                                                                            
 e)        Aggregated information   - Aggregated volume   - Price                                             175,525   £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 Executive Officer                                                                               68,747 
 Philip Vincent, Chief Finance Officer                                                                              29,601 

For further information, please contact:

 Redde Northgate plc                                                
 James Kerton, Company Secretary james.kerton@reddenorthgate.com    



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