Redde Plc Director/PDMR Shareholding

 
TIDMREDD 
 
* News Release * 
 
Issue Date: 01 August 2017 
 
                                   Redde plc 
 
                                  "Company") 
 
                          Director/PDMR Shareholding 
 
The Company announces that on 1 August 2017, Martin Ward and Stephen Oakley 
each acquired 37,267 ordinary shares of 0.1 pence each fully paid in the 
Company at 48.3 pence per share following an exercise of options awarded in 
2014 under the Company's All-Employee Save As Your Earn share option scheme 
(SAYE). The ordinary shares were issued by the Company by way of a transfer 
from shares already held in treasury, with no change to the issued ordinary 
share capital of the Company. 
 
Following the above transactions, Martin Ward and Stephen Oakley interests 
(including family interests) in the Ordinary Shares of the Company are set out 
below: 
 
Director                  Number of     Number of New         Number of 
                    Ordinary Shares   Ordinary Shares   Ordinary Shares 
                      held prior to     received as a held the issue of 
                      aquisition of     result of the  the SAYE  Shares 
                       SAYE  Shares      issue of the 
                                         SAYE  Shares 
 
Martin Ward               3,644,715            37,267         3,681,982 
 
Stephen Oakley            1,793,343            37,267         1,830,610 
 
As at 1 August 2017 the Company's issued share capital consists of 303,982,031 
ordinary shares of which, following the above transfer of shares out of 
treasury (together with transfers of treasury shares to staff who also 
exercised options under the SAYE), 640,823 continue to be held as treasury 
shares to satisfy options granted in 2014 under the SAYE so that the Company 
has 303,341,208 Ordinary Shares with voting rights. The figure of 303,341,208 
may be used by shareholders in the Company as the denominator for the 
calculationsby 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 Guidance 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] 
 
           Mark Taylor 
 
           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

August 01, 2017 08:35 ET (12:35 GMT)