Non-Standard Finance PLC Director/PDMR Shareholding and total voting rights (3841H)

TIDMNSF

RNS Number : 3841H

Non-Standard Finance PLC

31 July 2019

PRESS RELEASE

Non-Standard Finance plc

(the 'Company' or the 'Group')

Director/PDMR Shareholding (notification and correction) and total voting rights

31 July 2019

The Group announces the issuance to Mr. Charles Gregson, Non-Executive Chairman of the Company, of 70,234 ordinary shares of GBP0.05 each ('Ordinary Shares') (the 'Shares').

In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Shares are issued to Mr. Gregson to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 January 2018 to 31 March 2019 (given that the purchases of Ordinary Shares purportedly purchased by the Company and transferred to Mr. Gregson for this period previously were void).

As a result of the issuance set out above, Mr. Gregson has a beneficial interest in 350,317 Ordinary Shares, representing 0.1% of the issued share capital of the Company.

Further to the issuance and the announcement made by the Company today regarding the reduction of the Company's capital by 5,070,234 Ordinary Shares, the Company's total issued share capital consists of 312,049,682 Ordinary Shares (with no shares held in treasury). The total number of voting rights in the Company remains unchanged at 312,049,682 (thereby meaning that the interests in the Company of the Company's shareholders also remain unchanged and no notifications will be required pursuant to the issuance under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules).

This announcement corrects the following 'Director / PDMR Shareholding' announcements of the Company dated: 28 June 2018 (RNS No 9264S12); 1 October 2018 (RNS No 4966C09); 21 December 2018 (RNS No 2932L11); and 29 March 2019 (RNS No 5199U12) (the 'RNSs'). The RNSs relate to Ordinary Shares purportedly purchased by the Company and transferred to Mr. Gregson. However, as the purchases by the Company were void, such transfers were not possible. As a result, the RNSs should be disregarded given that no such Ordinary Shares were transferred to Mr. Gregson.

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                         Ordinary shares of 5p each in the capital 
        the financial                          of Non-Standard Finance plc 
        instrument, type 
        of instrument 
        Identification 
        code 
      ------------------------------------- 
   GB00BRJ6JV17 
  ----------------------------------------------------------------------------------------- 
 b)    Nature of the                          Issuance of Ordinary Shares by the Company 
        transaction                            to Charles Gregson 
====  =====================================  ============================================== 
 c)    Price(s) and                           Price(s)                   Volume(s) 
        volume(s) 
====  =====================================  -------------------------  ------------------- 
   38.95 pence                                                           70,234 
  ====================================================================  =================== 
 d)    Aggregated information                 Aggregated volume: 
        - Aggregated                           70,234 Ordinary Shares 
        volume                                 38.95 pence 
        - Price 
      -------------------------------------  ---------------------------------------------- 
 e)    Date of the transaction                31 July 2019 
====  =====================================  ============================================== 
 f)    Place of the                           London Stock Exchange (XLON) 
        transaction 
      -------------------------------------  ---------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 31, 2019 06:27 ET (10:27 GMT)