13 August
2020
REDDE NORTHGATE
PLC
Director/PDMR
Shareholdings
On 12August 2020 ReddeNorthgate plc granted nominal cost option
awards under the ReddeNorthgate plc Executive Performance Share
Plan (EPSP) as follows:
Name |
Number of share awards
granted under EPSP on 12 August 2020 |
Martin Ward, Chief
Executive Officer |
778,315 |
Philip Vincent, Chief
Finance Officer |
476,382 |
The EPSP award will ordinarily become exercisable on the third
anniversary of grant subject to the EPSP rules, the grantee's
continued service and to the extent to which the performance
conditions set for the award are satisfied. There is a holding
period of two years after vesting.
Details of the full notification by the Company are set out
below.
1 |
Details
of the person discharging managerial responsibilities / person
closely associated |
a) |
Name
|
Martin Ward |
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
|
Redde Northgate plc |
b) |
LEI
|
213800B3ZUTDOZYVJB41 |
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, type of instrument |
Ordinary Shares of 50 pence each in
Redde Northgate plc |
b) |
Identification code
|
GB00B41H7391 |
c) |
Nature of the
transaction
|
Grant of a nominal cost option award
under the Executive Performance Share Plan. |
d) |
Price(s) and
volume(s)
|
Price(s) |
Volume(s) |
0 |
778,315 |
|
e) |
Aggregated
information
- Aggregated volume
- Price |
N/A |
f) |
Date of the
transaction
|
12 August 2020 |
g) |
Place of the
transaction
|
Outside trading venue |
1 |
Details
of the person discharging managerial responsibilities / person
closely associated |
a) |
Name
|
Philip Vincent |
2 |
Reason
for the notification |
a) |
Position/status
|
Chief Financial Officer |
b) |
Initial notification
/Amendment
|
Initial notification |
3 |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
a) |
Name
|
Redde Northgate plc |
b) |
LEI
|
213800B3ZUTDOZYVJB41 |
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, type of instrument |
Ordinary Shares of 50 pence each in
Redde Northgate plc |
b) |
Identification code
|
GB00B41H7391 |
c) |
Nature of the
transaction
|
Grant of a nominal cost option award
under the Executive Performance Share Plan. |
d) |
Price(s) and
volume(s)
|
Price(s) |
Volume(s) |
0 |
476,382 |
|
e) |
Aggregated
information
- Aggregated volume
- Price |
N/A |
f) |
Date of the
transaction
|
12 August 2020 |
g) |
Place of the
transaction
|
Outside trading venue |
Contact details
For further information please contact:
ReddeNorthgate
plc
03445 170064
Nick
Tilley, Company Secretary
Notes to Editors:
Redde Northgate plc is a leading integrated mobility solutions
platform formed in February 2020
following the all-share merger of light commercial hire business
Northgate plc and Redde plc, the provider of incident and accident
management, legal and other mobility-related services.
The Group provides mobility solutions and automotive services to
a wide range of businesses and customers spanning the vehicle life
cycle across vehicle supply, service, maintenance, repair,
recovery, accident and incident management and disposal through
sale or salvage.
With an extensive network and diversified fleet of over 110,000
owned vehicles and over 400,000 managed vehicles in more than 100
branches across the UK, Ireland
and Spain, the Group aims to
utilise its scale, reach and comprehensive suite of integrated
services to offer a market-leading customer proposition and drive
enhanced returns for shareholders.
Further information regarding Redde Northgate plc can be found
on the Company’s website:
www.reddenorthgate.co.uk
ENDS