REG - Softcat PLC - Director/PDMR Shareholding

SoftcatAnnouncement

24/11/2023 17:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231124:nRSX6512Ua&default-theme=true

RNS Number : 6512U  Softcat PLC  24 November 2023

24 November 2023

 

 

Softcat plc (the "Company")

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities

 

 

The following notification made under article 19.1 of the Market Abuse
Regulation ("MAR") relates to awards of nil-cost options to persons
discharging managerial responsibilities ("PDMR") on 23 November 2023 under the
Softcat plc Annual and Deferred Bonus Plan ("ADBP"). This announcement is
made in accordance with Article 19.3 of MAR.

 

Softcat plc Annual and Deferred Bonus Plan

 

On 23 November 2023, awards under the Company's ADBP were made as outlined
below.

 

An award of nil-cost options to acquire 25,546 Ordinary shares was made to
Graeme Watt, a director and PDMR. This award relates to bonus earned during
the 2023 financial year when he was an Executive Director. The number of
shares over which the nil-cost option was awarded has been calculated by
reference to the closing middle market quotation of the ordinary shares
derived from the Daily Official List on the dealing day preceding the date of
grant (1,240 pence). The award for Graeme Watt will vest three years from the
date of grant. The normal date of vesting for the nil-cost options will be 23
November 2026 and the last date for exercise will be 22 November 2033.

 

An award of nil-cost options to acquire 17,031 Ordinary shares was made to
Graham Charlton, a director and PDMR. The number of shares over which the
nil-cost option was awarded has been calculated by reference to the closing
middle market quotation of the ordinary shares derived from the Daily Official
List on the dealing day preceding the date of grant (1,240 pence). The award
for Graham Charlton will vest subject to continued employment with the Company
for three years from the date of grant. The normal date of vesting for the
nil-cost options will be 23 November 2026 and the last date for exercise will
be 22 November 2033.

 

An award of nil-cost options to acquire 2,019 Ordinary shares was made to Katy
Mecklenburgh, a director and PDMR. The number of shares over which the
nil-cost option was awarded has been calculated by reference to the closing
middle market quotation of the ordinary shares derived from the Daily Official
List on the dealing day preceding the date of grant (1,240 pence). The award
for Katy Mecklenburgh will vest subject to continued employment with the
Company for three years from the date of grant. The normal date of vesting for
the nil-cost options will be 23 November 2026 and the last date for exercise
will be 22 November 2033.

 

 

For further information on the ADBP, please refer to the Company's Annual
Report and Accounts.

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Graeme Watt

 2.  Reason for the notification
 a)  Position / status                        Non - Executive 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  Ordinary Shares of £0.0005 each

     Identification Code

                                              ISIN: GB00BYZDVK82
 b)  Nature of the transaction                Grant of nil cost option over Ordinary Shares of £0.0005 each under the
                                              Softcat plc Annual and Deferred Bonus Plan
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              0.00      25,546
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  23 November 2023
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

23 November 2023

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                        CEO

 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  Ordinary Shares of £0.0005 each

     Identification Code

                                              ISIN: GB00BYZDVK82
 b)  Nature of the transaction                Grant of nil cost option over Ordinary Shares of £0.0005 each under the
                                              Softcat plc Annual and Deferred Bonus Plan
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              0.00      17,031
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction

                                              23 November 2023
 f)  Place of the transaction

                                              Outside a trading venue

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

23 November 2023

f)

Place of the transaction

 

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Katy Mecklenburgh

 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  Ordinary Shares of £0.0005 each

     Identification Code

                                              ISIN: GB00BYZDVK82
 b)  Nature of the transaction                Grant of nil cost option over Ordinary Shares of £0.0005 each under the
                                              Softcat plc Annual and Deferred Bonus Plan
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              0.00      2,019
 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction

                                              23 November 2023
 f)  Place of the transaction

                                              Outside a trading venue

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

23 November 2023

f)

Place of the transaction

 

Outside a trading venue

 

 

 

Luke Thomas

 

Company Secretary, Softcat plc

24 November 2023

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHDZMZMVDRGFZM