REG - Softcat PLC - Additional Listing of Shares and PDMR Shareholding

SoftcatAnnouncement

16/01/2019 14:05

RNS Number : 2936N
Softcat PLC
16 January 2019
 





For Immediate Release


16 January 2019



 
 
SOFTCAT plc
 
("Softcat", the "Company")
 
Notification of Transactions by
Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
 
 
The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to exercising of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 10 January 2019 under the Softcat plc Long Term Incentive Plan ("LTIP").  This announcement is made in accordance with Article 19.3 of MAR. 
 
Softcat Long Term Incentive Plan
 
The Company announces that on 10 January 2019, the LTIP awards made on 21 December 2015 under the Softcat Long Term Incentive Plan (LTIP) to Martin Hellawell (when he was Chief Executive) have been exercised following full achievement of the performance criteria, with 100% of the LTIP awards vesting for nil consideration. Details of the number of ordinary shares of £0.0005 each in the share capital of the Company ("Shares") received by Persons Discharging Managerial Responsibility are set out below.
 
An application has been made to the UK Listing Authority and the London Stock Exchange for an additional listing of 158,125 ordinary shares of £0.0005 each to trade on the London Stock Exchange. It is expected that the shares will be admitted to trade on the Official List on 21 January 2019. The shares will rank pari passu with the existing ordinary shares of the Company.
 
Following these transactions, Mr Hellawell and the persons closely associated with him (namely Mandy Hellawell and The Highgate Family Trust) will hold in aggregate 9,926,280 ordinary shares, which represent approximately 5.01% of the Company's issued share capital.
 
Total Voting Rights
Following Admission, the Company will have 198,108,820 ordinary shares in issue. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 198,108,820.
 



1.


Details of PDMR / person closely associated with them ("PCA")




a)


Name


Martin Hellawell
 




2.


Reason for the notification




a)


Position / status


Chairman
 




b)


Initial notification / amendment


Initial Notification
 




3.


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




a)


Name


Softcat plc




b)


LEI


213800N42YZLR9GLVC42




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
 
Identification Code


Ordinary Shares of £0.0005 each
 
 
ISIN: GB00BYZDVK82




b)


Nature of the transaction


Exercise of options under the Softcat plc Long Term Incentive Plan
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)




nil


158,125








d)


Aggregated information
Aggregated volume
Price


 
N/A




e)


Date of the transaction


 
2019-01-10




f)


Place of the transaction


 
Outside a Trading Venue









 
 
For further information in relation to the LTIP please review the 2018 Annual Report and Accounts or contact:
 



 
Softcat plc
Luke Thomas, Company Secretary
 


 
             Tel: + 44(0) 20 7167 4961

 
 
 



Media Enquiries - FTI Consulting LLP                       Tel: + 44(0) 203 727 1000
Ed Bridges
Dwight Burden              
 
 
 
 
 
 
 
 




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