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

SoftcatAnnouncement

31/01/2019 09:10

RNS Number : 6676O
Softcat PLC
31 January 2019
 






For Immediate Release


31 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 28 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 28 January 2019, the LTIP awards made on 21 December 2015 to Graham Charlton 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.
 




Name of Director


Number of shares awarded


Number of shares exercised


Number of shares sold*


Number of shares retained




Graham Charlton


141,666


141,666


36,215


105,451




 
*to meet tax and national insurance contributions
 
An application has been made to the UK Listing Authority and the London Stock Exchange for an additional listing of 141,666 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 4 February 2019. The shares will rank pari passu with the existing ordinary shares of the Company.
 
Following these transactions, Mr Charlton and the persons closely associated with him will hold in aggregate 107,413 ordinary shares, which represent less than 0.1% of the Company's issued share capital.
 
Total Voting Rights
Following Admission, the Company will have 198,250,486 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 198,250,486.
 




1.


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




a)


Name


Graham Charlton
 




2.


Reason for the notification




a)


Position / status


CFO
 




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


141,666




 




d)


Aggregated information
Aggregated volume
Price


 
N/A




e)


Date of the transaction


 
2019-01-28




f)


Place of the transaction


 
Outside a Trading Venue



 
 
 
 



 
 
 




1.


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




a)


Name


Graham Charlton
 




2.


Reason for the notification




a)


Position / status


CFO
 




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


Sale of shares, principally to cover tax on exercising of award under the Softcat plc Long Term Incentive Plan
 




c)


Price(s) and volume(s)






Price(s)


Volume(s)




700p


36,215




 




d)


Aggregated information
Aggregated volume
Price


 
N/A




e)


Date of the transaction


 
2019-01-28




f)


Place of the transaction


 
London Stock Exchange



 
 
 
 



 
 
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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