Non-Standard Finance PLC Director/PDMR Shareholding (3685V)

TIDMNSF

RNS Number : 3685V

Non-Standard Finance PLC

04 April 2023

Non-Standard Finance plc

(the 'Company' or the 'Group')

Purchase of shares in respect of Non-Executive Director fees

Director/PDMR Shareholding

04 April 2023

In accordance with the Group's Remuneration Policy approved by shareholders on 17 December 2021, the Group announces the purchase by Mr. Charles Gregson, Non-Executive Chairman of the Company, of 2,190,000 ordinary shares of GBP0.05 each ('Ordinary Shares'). This was made up of 1,000,000 at a price of 0.41p per Ordinary Share on 31 March 2023, and 1,190,000 at a price of 0.44p per Ordinary Share on 4 April 2023 resulting in a total cost (excluding dealing costs) of GBP9,336.00.

The Company gave funds to Mr. Gregson to be applied for the immediate purchase of Ordinary Shares by 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 2023 to 31 March 2023. The remaining 50% of fees in relation to that period has been paid in cash. It is expected that future share purchases will be made quarterly, in the same manner, to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.

As a result of the above transaction, Mr. Gregson has a beneficial interest in 8,241,043 Ordinary Shares, representing 2.64 per cent of the issued share capital of the Company.

For more information:

 
            Non-Standard Finance plc 
             Sarah Day, Chief ESG Director & Company 
             Secretary                                              [phone] 
 

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

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Charles Gregson 
     --------------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Chairman 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                        Non-Standard Finance plc 
     --------------------------  ------------------------------------------- 
 b)   LEI                         213800DVBNIJ1J2OF119 
     --------------------------  ------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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 Charles 
                                   Gregson in respect of 50% of his post-tax 
                                   director's fees 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     0.41 pence   1,000,000 Ordinary 
                                                   Shares 
                                                 ------------------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          1,000,000 Ordinary Shares 
 
       - Price                      0.41 pence 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     31 March 2023 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Charles Gregson 
     --------------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Chairman 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                        Non-Standard Finance plc 
     --------------------------  ------------------------------------------- 
 b)   LEI                         213800DVBNIJ1J2OF119 
     --------------------------  ------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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 Charles 
                                   Gregson in respect of 50% of his post-tax 
                                   director's fees 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     0.44 pence   1,190,000 Ordinary 
                                                   Shares 
                                                 ------------------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          1,190,000 Ordinary Shares 
 
       - Price                      0.44 pence 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     04 April 2023 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ------------------------------------------- 
 

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April 04, 2023 11:14 ET (15:14 GMT)