Non-Standard Finance PLC Purchase of own shares to satisfy NED fees (2932L)

TIDMNSF

RNS Number : 2932L

Non-Standard Finance PLC

21 December 2018

Non-Standard Finance plc

(the 'Company' or the 'Group')

Purchase of own shares to satisfy Non-Executive Director fees

Director/PDMR Shareholding

21 December 2018

In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Group announces the purchase of 12,989 ordinary shares of GBP0.05 each ('Ordinary Shares') at a price of 65.5p per Ordinary Share and a total cost (excluding dealing costs) of GBP8,508. The Ordinary Shares purchased have been immediately transferred to Mr. Charles Gregson, Non-Executive Chairman of the Company to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 October 2018 to 31 December 2018. The remaining 50% of fees due has been paid in cash.

It is expected that future share purchases will be made quarterly by the Company to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.

As a result of the immediate transfer to Mr. Gregson, there is no change in the number of Ordinary Shares held in treasury or the total number of voting rights in the Company of 312,049,682 arising from the Ordinary Shares purchased by the Company.

As a result of the above transaction, Mr. Gregson has a beneficial interest in 310,984 Ordinary Shares, representing 0.1 per cent of the issued share capital of the Company.

For more information:

 
 
      Non-Standard Finance plc                                  [phone] 
       Peter Reynolds, Director, IR and Communications                     9026 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Charles Gregson 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             Non-Executive Chairman 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                        Non-Standard Finance plc 
     --------------------------  -------------------------------------------- 
 b)   LEI                         213800DVBNIJ1J2OF119 
     --------------------------  -------------------------------------------- 
 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 the          Ordinary shares of 5p each in the capital 
       financial instrument,       of Non-Standard Finance plc 
       type of instrument 
                                   GB00BRJ6JV17 
       Identification code 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   Purchase of Ordinary Shares by the Company 
                                   and immediate transfer to Charles Gregson, 
                                   as satisfaction of 50% of his post-tax 
                                   directors fees 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     65.5 pence   12,989 Ordinary 
                                                   Shares 
                                                 ---------------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                    12,989 Ordinary Shares 
 
       - Price 
                                    65.5 pence 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     21 December 2018 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  -------------------------------------------- 
 

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December 21, 2018 06:58 ET (11:58 GMT)