Northgate PLC Director/PDMR Shareholding (4835V)

TIDMNTG

RNS Number : 4835V

Northgate PLC

30 January 2017

30 January 2017

Northgate plc

("Northgate" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 26 January 2017 the following award over ordinary shares of 50 pence in Northgate plc was granted under the Northgate Executive Performance Share Plan to the following person discharging managerial responsibilities:

 
      PDMR         No. of shares under Award 
----------------  -------------------------- 
 Kevin Bradshaw             83,704 
----------------  -------------------------- 
 

The award will ordinarily become exercisable on the third anniversary of grant subject to the grantee's continued service and to the extent to which the performance conditions set for the award are satisfied.

Details of the full notification received by the Company are set out below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                       Kevin Bradshaw 
---  -------------------------  ------------------------------------ 
 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                       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             Ordinary Shares of 50 pence 
       the financial              each in Northgate plc 
       instrument, type 
       of instrument 
---  -------------------------  ------------------------------------ 
 b)   Identification             GB00B41H7391 
       code 
---  -------------------------  ------------------------------------ 
 c)   Nature of the              Grant of a nil cost option 
       transaction                award under the Executive 
                                  Performance Share Plan. In 
                                  the normal course of events 
                                  the award will become exercisable 
                                  after three years subject 
                                  to continued service and 
                                  to the extent to which performance 
                                  conditions are met. 
---  -------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
 
                                     Nil         83,704 
                                   ----------  ---------- 
---  -------------------------  ------------------------------------ 
 e)   Aggregated information 
 
                                   Not applicable 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ------------------------------------ 
 f)   Date of the transaction    26 January 2017 
---  -------------------------  ------------------------------------ 
 g)   Place of the transaction   Outside trading venue 
---  -------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 30, 2017 08:45 ET (13:45 GMT)