Northgate PLC Director/PDMR Shareholding (5003K)

TIDMNTG

RNS Number : 5003K

Northgate PLC

07 July 2017

7 July 2017

Northgate plc

("Northgate" or the "Company")

Director/PDMR Shareholidng

On 6 July 2017 Northgate plc granted conditional share awards under Northgate plc Executive Performance Share Plan (EPSP) in accordance with the EPSP rules to the executive directors as follows:

 
 Name                      Number of share 
                            awards granted 
                            under LTIP on 16 
                            November 2016 
------------------------  ------------------ 
 Kevin Bradshaw, Chief 
  Executive                134,772 
------------------------  ------------------ 
 Paddy Gallagher, Group 
  Finance Director         107,355 
------------------------  ------------------ 
 

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 
---  -------------------------  ------------------------------------ 
 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         134,772 
                                   ----------  ---------- 
---  -------------------------  ------------------------------------ 
 e)   Aggregated information 
 
 
       - Aggregated volume         Not applicable 
 
 
       - Price 
---  -------------------------  ------------------------------------ 
 f)   Date of the transaction    6 July 2017 
---  -------------------------  ------------------------------------ 
 g)   Place of the transaction   Outside trading venue 
---  -------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name 
                                   Paddy Gallagher 
---  -------------------------  ------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status            Group Finance Director 
---  -------------------------  ------------------------------------ 
 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         107,355 
                                   ----------  ---------- 
---  -------------------------  ------------------------------------ 
 e)   Aggregated information 
 
                                   Not applicable 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ------------------------------------ 
 f)   Date of the transaction    6 July 2017 
---  -------------------------  ------------------------------------ 
 g)   Place of the transaction   Outside trading venue 
---  -------------------------  ------------------------------------ 
 

For further information, please contact:

 
 Northgate plc                    01325 467558 
 Katie Wood, Company Secretary 
 

Further information regarding Northgate plc can be found on the Company's website:

www.northgateplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 07, 2017 11:03 ET (15:03 GMT)