Redde Plc Director/PDMR Shareholding

 
TIDMREDD 
 
* News Release * 
 
Issue Date: 17 November 2016 
 
                                   Redde plc 
 
                                  ("Company") 
 
                          Director/PDMR Shareholding 
 
Following the announcement on 3 November 2016 of the conversion of Martin Ward 
and Stephen Oakley's interests in 6,940,606 and 3,470,304 B Shares respectively 
under the B Share Incentive Scheme on a one-for-one basis to the same number of 
Ordinary Shares in the Company, the Company yesterday received notification 
that Martin Ward and Stephen Oakley had sold 4,000,000 and 2,000,000 Ordinary 
Shares respectively in the market at a price of 170 pence per share. 
 
As a result of these transactions, Martin Ward and Stephen Oakley's interests 
(including family interests) in the Ordinary Shares of the Company are as 
follows: 
 
Director              Number of      Number of        Number of   Percentage of 
                Ordinary Shares Ordinary Shares Ordinary Shares    total voting 
                  held prior to            sold  held following     rights held 
                       the sale                        the sale  after the sale 
 
Martin Ward           7,644,715       4,000,000       3,644,715           1.20% 
 
Stephen Oakley        3,793,343       2,000,000       1,793,343           0.59% 
 
The Company's capital consists of 303,959,703 ordinary shares of 0.1 pence each 
in issue, each with voting rights. This figure (303,959,703) may be used by 
shareholders in the Company as the denominator for the calculations by which 
they will determine if they are required to notify their interest in, or a 
change to their interest in, the share capital of the Company under the 
Financial Conduct Authority's Disclosure and Transparency Rules. 
 
Enquiries 
 
           Redde plc                                             Tel: [phone] 
           Martin Ward - Chief Executive Officer 
           Stephen Oakley - Chief Financial Officer 
 
 
           Cenkos Securities plc (Nominated Adviser and Joint    Tel: [phone] 
           Broker) 
           Elizabeth Bowman 
 
           N+1 Singer Capital Markets Limited (Joint Broker)     Tel:  [phone] 
           Nic Hellyer 
 
           Square1 Consulting                                    Tel: [phone] 
           David Bick 
           Brian Alexander 
 
Notes for Editors: 
 
About Redde plc: 
 
Founded in 1992 and working predominantly with insurance companies, insurance 
brokers, prestige motor dealerships, and large national fleet owners the Group 
provides a range of accident management, incident management and legal 
services. 
 
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. 
 
The name Redde is associated, in Latin, with the concept of 
restoration. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 17, 2016 02:00 ET (07:00 GMT)