REG - Softcat PLC - Director/PDMR Shareholding

SoftcatAnnouncement

14/12/2023 11:30

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RNS Number : 8617W  Softcat PLC  14 December 2023

 For Immediate Release  14 December 2023

 

Softcat plc

 

("Softcat", the "Company")

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely
Associated with them

 

The following notification is made under article 19.1 of the Market Abuse
Regulation ("MAR") and relates to the exercise of nil-cost options by persons
discharging managerial responsibilities ("PDMR") on 12 December 2023. In
November 2020, awards were made under the Softcat Long Term Incentive Plan
(LTIP) and under the Softcat Annual and Deferred Bonus Plan (DBP) to the PDMR
named below.

Both the LTIP and DBP have now vested and have been exercised by the PDMR. A
sufficient portion of the Ordinary Shares ("Shares") has been sold to cover
the PDMR's tax liabilities which have arisen as a result of the exercises. The
remaining Shares have been retained by the PDMR.

 

 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                Exercise of 24,943 Shares under the Softcat LTIP and 11,238 Shares under the
                                              Softcat DBP. The LTIP and DBP awards were exercised as nil-cost options, with
                                              a sale of sufficient Shares to cover the PDMR's liabilities in respect of
                                              income tax and national insurance contributions. The Shares resulting from the
                                              exercise were treated as follows:

                                              i.    sale of Shares; and

                                              ii.    retention of Shares.
 c)  Price(s) and volume(s)                   i.      Sale of Shares

Share Scheme  Price(s)  Volume(s)
                                              LTIP          £13.12    11,783
                                              DBP           £13.12    5,309

 

                                              ii.     Retention of Shares

Share Scheme  Price(s)  Volume(s)
                                              LTIP          £nil      13,160
                                              DBP           £nil      5,929
 d)  Aggregated information

     Volume                                   N/A

     Price

 
 e)  Date of the transaction                   12 December 2023
 f)  Place of the transaction                 London Stock Exchange

 

ii.     Retention of Shares

 Share Scheme  Price(s)  Volume(s)
 LTIP          £nil      13,160
 DBP           £nil      5,929

d)

Aggregated information

Volume

Price

 

N/A

 

e)

Date of the transaction

 12 December 2023

f)

Place of the transaction

London Stock Exchange

 

 Luke Thomas                      Tel: +44 (0)20 7167 4961

 Company Secretary

 Softcat plc

 

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