REG - Softcat PLC - Director/PDMR Shareholding

SoftcatAnnouncement

07/04/2021 16:30

RNS Number : 7304U
  
Softcat PLC
  
07 April 2021
  
 




For Immediate Release


07 April 2021



 
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 of the Market Abuse Regulation ("MAR"). It relates to the exercise of 66,864 nil-cost options by persons discharging managerial responsibilities ("PDMR") on 7 April 2021 under the Softcat plc Long Term Incentive Plan ("LTIP") and the sale of a portion of the resulting Ordinary Shares ("Shares") to cover tax liabilities. The remaining Shares have been retained by the PDMR.  
 



1.


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




a)


Name


Graeme Watt




2.


Reason for the notification




a)


Position / status


Chief Executive Officer
 




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 nil-cost options under the Softcat plc LTIP (awarded on 4 April 2018), 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



Price(s)


Volume(s)




£18.725


31,585



 
ii.     Retention of Shares



Price(s)


Volume(s)




£nil


35,279








d)


Aggregated information
Volume
Price


 
N/A




 




e)


Date of the transaction


 
07 April 2021




f)


Place of the transaction


London Stock Exchange









 



Softcat plc


 




Luke Thomas, Company Secretary          


Tel: +44 (0)20 7167 4961



 

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