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SCT Softcat Plc

1,588.00
11.00 (0.70%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Softcat Plc LSE:SCT London Ordinary Share GB00BYZDVK82 ORD �0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.00 0.70% 1,588.00 1,592.00 1,595.00 1,602.00 1,562.00 1,582.00 1,166,125 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 985.3M 112.03M 0.5614 28.36 3.18B

Softcat PLC Director/PDMR Shareholding (3841R)

08/12/2016 5:35pm

UK Regulatory


Softcat (LSE:SCT)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMSCT

RNS Number : 3841R

Softcat PLC

08 December 2016

8 December 2016

Softcat plc (the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities

The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to awards of a nil-cost option to persons discharging managerial responsibilities ("PDMR") on 8 December 2016 under the Softcat plc Long Term Incentive Plan ("LTIP"). This announcement is made in accordance with Article 19.3 of MAR.

Softcat plc Long Term Incentive Plan

On 8 December 2016, awards under the Company's Long Term Incentive Plan (the "LTIP") were made as set out in the table below.

The awards were made as nil-cost options and the number of shares over which each nil-cost option was awarded has been calculated by reference to the closing middle market quotation of the ordinary shares derived from the Daily Official List on the dealing day preceding the date of grant.

Performance Conditions and Vesting of Awards

These nil-cost options are subject to the rules of the LTIP and will vest depending on performance against Total Shareholder Return ("TSR") and Earnings per Share ("EPS") targets as measured over a three year performance period.

50% of the Award will be subject to the Company's relative TSR performance against the FTSE 250 (excluding real estate and investment trusts):

 
 TSR performance            % of Award vesting 
 Below median               Nil 
 At median                  30% 
 Upper quartile or above    100% 
 

50% of the Award will be subject to the Company's EPS for FY 2019:

 
 EPS Growth              % of Award vesting 
 Less than 20.6 pence    Nil 
 20.6 pence              20% 
 23.7 pence or above     100% 
 

There will be straight line vesting between the points as outlined above.

The normal date of vesting for these nil-cost options will be 8 December 2019 and the last date for exercise will be 7 December 2026, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the LTIP.

 
      1. Name          2. Status      3. No. of Shares subject to LTIP award 
------------------  ---------------  --------------------------------------- 
 Martin Hellawell    Director/PDMR                   176,129 
------------------  ---------------  --------------------------------------- 
  Graham Charlton    Director/PDMR                   119,767 
------------------  ---------------  --------------------------------------- 
 

For further information on the LTIP, please refer to the Company's Annual Report and Accounts.

 
 1.    Details of PDMR / person closely associated 
        with them ("PCA") 
----  -------------------------------------------------------------------- 
 a)    Name                               Martin Hellawell 
----  ---------------------------------  --------------------------------- 
 2.    Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position                           CEO 
        / status 
----  ---------------------------------  --------------------------------- 
 b)    Initial notification               Initial Notification 
        / amendment 
----  ---------------------------------  --------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                               Softcat plc 
----  ---------------------------------  --------------------------------- 
 b)    LEI                                N/A 
----  ---------------------------------  --------------------------------- 
 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                        Ordinary Shares of GBP0.0005 
        of the financial                   each 
        instrument                         ISIN: GB00BYZDVK82 
        Identification 
        Code 
----  ---------------------------------  --------------------------------- 
 b)    Nature of                          Grant of nil cost option over 
        the transaction                    Ordinary Shares of GBP0.0005 
                                           each under the Softcat plc Long 
                                           Term Incentive Plan 
----  ---------------------------------  --------------------------------- 
 c)    Price(s)                            Price(s)   Volume(s) 
        and volume(s)                      ---------  ---------- 
                                            0.00       176,129 
                                           ---------  ---------- 
----  ---------------------------------  --------------------------------- 
 d)    Aggregated 
        information                         N/A 
        Aggregated 
        volume 
        Price 
----  ---------------------------------  --------------------------------- 
       Date of the 
 e)     transaction                         2016-12-08 
----  ---------------------------------  --------------------------------- 
 f)    Place of 
        the transaction                     Outside a trading venue 
----  ---------------------------------  --------------------------------- 
 
 
 
 1.    Details of PDMR / person closely associated 
        with them ("PCA") 
----  -------------------------------------------------------------------- 
 a)    Name                               Graham Charlton 
----  ---------------------------------  --------------------------------- 
 2.    Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position                           CFO 
        / status 
----  ---------------------------------  --------------------------------- 
 b)    Initial notification               Initial Notification 
        / amendment 
----  ---------------------------------  --------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                               Softcat plc 
----  ---------------------------------  --------------------------------- 
 b)    LEI                                N/A 
----  ---------------------------------  --------------------------------- 
 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                        Ordinary Shares of GBP0.0005 
        of the financial                   each 
        instrument                         ISIN: GB00BYZDVK82 
        Identification 
        Code 
----  ---------------------------------  --------------------------------- 
 b)    Nature of                          Grant of nil cost option over 
        the transaction                    Ordinary Shares of GBP0.0005 
                                           each under the Softcat plc Long 
                                           Term Incentive Plan 
----  ---------------------------------  --------------------------------- 
 c)    Price(s)                            Price(s)   Volume(s) 
        and volume(s)                      ---------  ---------- 
                                            0.00       119,767 
                                           ---------  ---------- 
----  ---------------------------------  --------------------------------- 
 d)    Aggregated 
        information                         N/A 
        Aggregated 
        volume 
        Price 
----  ---------------------------------  --------------------------------- 
       Date of the 
 e)     transaction                         2016-12-08 
----  ---------------------------------  --------------------------------- 
 f)    Place of 
        the transaction                     Outside a trading venue 
----  ---------------------------------  --------------------------------- 
 
 

Capita Company Secretarial Services Limited - Company Secretary

8 December 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFMMGZNRDGVZM

(END) Dow Jones Newswires

December 08, 2016 12:35 ET (17:35 GMT)

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