• News Release
•
Issue Date: 12 March 2019
Redde plc
(“Company”)
Director/PDMR
Shareholding
The Company announces that certain directors and their persons
closely associated ("PCAs") have recently purchased an
aggregate of 139,374 ordinary shares with an aggregate value of
£122,262 in the Company in the following amounts:
Name |
Position |
Ordinary shares purchased |
Price
paid per share |
Number
of Ordinary Shares held following the purchase |
Date
of
purchase |
Avril
Palmer-Baunack |
Chairwoman |
56,497 |
88.50p |
56,497 |
12-Mar-19 |
Martin Ward |
Chief Executive
Officer |
56,497 |
88.50p |
3,980,958 |
12-Mar-19 |
Patricia Oakley |
PCA with Stephen
Oakley, Chief Financial Officer |
26,380 |
84.39p |
2,020,000 |
12-Mar-19 |
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation:
Notification and public disclosure
of transactions by persons discharging managerial responsibilities
and persons closely associated with them
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Avril
Palmer-Baunack |
2 |
Reason for the notification |
a) |
Position/status |
Director |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Redde plc |
b) |
LEI |
21380063LFNLZM7AYT28 |
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
Identification code |
Ordinary
shares of 0.1 pence each
ISIN: GB00BLWF0R63
GB00BLWFOR63 |
b) |
Nature of the
transaction |
Purchase of ordinary
shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
88.5p |
56,497 |
|
d) |
Aggregated
information |
N/A |
|
-Aggregated volume |
|
e) |
Date of the
transaction |
12 March 2019 |
f) |
Place of the
transaction |
AIMX |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Martin Ward |
2 |
Reason for the notification |
a) |
Position/status |
Director |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Redde plc |
b) |
LEI |
21380063LFNLZM7AYT28 |
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
Identification code |
Ordinary
shares of 0.1 pence each
ISIN: GB00BLWF0R63
GB00BLWFOR63 |
b) |
Nature of the
transaction |
Purchase of ordinary
shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
88.5p |
56,497 |
|
d) |
Aggregated
information |
N/A |
|
-Aggregated volume |
|
e) |
Date of the
transaction |
12 March 2019 |
f) |
Place of the
transaction |
AIMX |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Patricia Oakley |
2 |
Reason for the notification |
a) |
Position/status |
PCA with Stephen
Oakley, 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 plc |
b) |
LEI |
21380063LFNLZM7AYT28 |
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
Identification code |
Ordinary
shares of 0.1 pence each
ISIN: GB00BLWF0R63
GB00BLWFOR63 |
b) |
Nature of the
transaction |
Purchase of ordinary
shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
84.39p |
26,380 |
|
d) |
Aggregated
information |
N/A |
|
-Aggregated volume |
|
e) |
Date of the
transaction |
12 March 2019 |
f) |
Place of the
transaction |
AIMX |
Enquiries |
|
|
|
Redde plc |
Tel: 01225 321134 |
|
Martin Ward – Chief
Executive Officer |
|
|
Stephen Oakley – Chief
Financial Officer |
|
|
|
|
|
Cenkos Securities
plc (Nominated Adviser and Joint Broker) |
Tel: 0207 397 8900 |
|
Mark
Connelly
Giles Balleny
Harry Hargreaves |
|
|
|
|
|
N+1 Singer Capital
Markets Limited (Joint Broker) |
Tel: 0207 496
3000 |
|
Mark Taylor |
|
|
|
Square1
Consulting |
Tel: 0207 929
5599 |
|
David Bick |
|
|
|
|
|
|
|
|
Notes for
Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance
companies, insurance brokers and prestige motor dealerships, the
Group provides a range of accident management and legal services.
The Group also deals directly with large national fleets providing
incident management and mobility continuity and the Group's
activities also encompass a range of legal services designed to
assist claimant parties in partnership with leading insurance
companies, brokers and other bodies.
The Group is one of the market leaders in its fields of
business; it delivers accident management solutions to motorists
ensuring that they remain mobile until their own vehicles are
repaired or until they are put in a position to obtain a
replacement and it provides legal services ensuring that they are
properly compensated for their injuries and losses. Legal services
also include wills and probate, family law and employment law
advice.