Redde Northgate Plc Director/PDMR Shareholding
August 13 2020 - 2:00AM
UK Regulatory
TIDMREDD
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 / Initial notification
Amendment
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 Ordinary Shares of 50 pence each in Redde
financial instrument, Northgate plc
type of instrument
b) Identification code GB00B41H7391
c) Nature of the Grant of a nominal cost option award under
transaction the Executive Performance Share Plan.
d) Price(s) and volume(s) Price(s) Volume(s)
0
778,315
e) Aggregated information
- Aggregated volume N/A
- Price
f) Date of the transaction 12 August 2020
g) Place of the Outside trading venue
transaction
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 / Initial notification
Amendment
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 Ordinary Shares of 50 pence each in Redde
financial instrument, Northgate plc
type of instrument
b) Identification code GB00B41H7391
c) Nature of the Grant of a nominal cost option award under
transaction the Executive Performance Share Plan.
d) Price(s) and volume(s) Price(s) Volume(s)
0 476,382
e) Aggregated information
- Aggregated volume N/A
- Price
f) Date of the transaction 12 August 2020
g) Place of the Outside trading venue
transaction
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
END
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