REG-Redde Northgate Plc: Director/PDMR Shareholding

Redde NorthgateAnnouncement

18/08/2023 16:45

18 August 2023

Redde Northgate plc

("Redde Northgate" or the "Company")

Director/PDMR Shareholding

Exercise of executive share award

The Company announces that the nil cost award of options over ordinary shares
of £0.50 pence each in the Company made to the executive director on 13
August 2020 under the Company's 2019 Executive Performance Share Plan
("Award") vested on 13 August 2023.

On 15 August 2023, the executive director exercised the following Award and
sold the following resulting ordinary shares:

 Director        Award exercised  Shares sold  Shares retained                                                  
 Philip Vincent  476,382          224,687      251,695 (These shares are subject to a two-year holding period)  

 

The ordinary shares required to satisfy the exercise of the Award was
transferred from the Company's Employee Benefit Trust.

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                                                                                               Philip Vincent                                                                                                                                                                                                                                                                                                                                                                 
 2         Reason for the notification                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 a)        Position/status                                                                                    Director                                                                                                                                                                                                                                                                                                                                                                       
 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                                        Ordinary shares of £0.50 each in Redde Northgate plc                                                                                                                                                                                                                                                                                                                           
 b)        Identification code                                                                                GB00B41H7391                                                                                                                                                                                                                                                                                                                                                                   
 c)        Nature of the transaction                                                                          Acquisition of Ordinary Shares made under the Redde Northgate plc 2019 Executive Performance Share Plan.                                                                                                                                                                                                                                                                       
 d)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Price(s)  Volume(s)                                                                                          
 Nil       476,382                                                                                            
 e)        Aggregated information  - Aggregated Volume  - Price                                               476,382  Nil                                                                                                                                                                                                                                                                                                                                                                   
 f)        Date of the transaction                                                                            15 August 2023                                                                                                                                                                                                                                                                                                                                                                 
 g)        Place of the transaction                                                                           Outside of a Trading Venue                                                                                                                                                                                                                                                                                                                                                     
           Transaction 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 a)        Description of the financial instrument, type of instrument                                        Ordinary shares of £0.50 each in Redde Northgate plc                                                                                                                                                                                                                                                                                                                           
 b)        Identification code                                                                                GB00B41H7391                                                                                                                                                                                                                                                                                                                                                                   
 c)        Nature of the transaction                                                                          Sale of Ordinary Shares made under the Redde Northgate plc 2019 Executive Performance Share Plan to cover statutory withholding liabilities arising from the vesting of the Executive Performance Share Plan Award. (This is set out in columns d&e of transaction 2) Balance of shares being 251,695 transferred to an ESA with HSBC with no change in beneficial ownership.  
 d)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Price(s)  Volume(s)                                                                                          
 £  3.44   224,687                                                                                            
 e)        Aggregated information  - Aggregated Volume  - Price                                               224,687  £3.44                                                                                                                                                                                                                                                                                                                                                                 
 f)        Date of the transaction                                                                            17 August 2023                                                                                                                                                                                                                                                                                                                                                                 
 g)        Place of the transaction                                                                           London Stock Exchange (XLON)                                                                                                                                                                                                                                                                                                                                                   

 

For further information, please contact:

 

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

 



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