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REDD Redde Northgate Plc

379.00
1.00 (0.26%)
Last Updated: 10:53:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Redde Northgate Plc LSE:REDD London Ordinary Share GB00B41H7391 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.26% 379.00 378.50 380.00 379.00 375.50 377.00 19,694 10:53:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Passenger Car Rental 1.49B 139.24M 0.6141 6.15 855.95M

Redde Plc Director/PDMR Shareholding and Total Voting Rights

17/09/2018 7:00am

UK Regulatory


 
TIDMREDD 
 
* News Release * 
 
Issue Date: 17 September 2018 
 
                                   Redde plc 
 
                                  ("Company") 
 
                 Director's shareholding: exercise of options 
 
The Company received notification on 14 September 2018 that on 14 September 
2018: 
 
 Martin Ward: 
 
 1. exercised (at an exercise price of 0.10 pence per share) 535,880 options 
    over the ordinary 0.10p shares in the Company ("Ordinary Shares") which he 
    held under the Company's 2016 Performance Share Plan (the "Scheme"); and 
 2. sold (at a sale price of 187.6 pence per share) 293,401 Ordinary Shares, as 
    permitted by the rules of the Scheme, to meet the sale expenses and the 
    resulting tax and national insurance liabilities. 
 
Stephen Oakley: 
 
 1. exercised (at an exercise price of 0.10 pence per share) 360,255 options 
    over the ordinary 0.10p shares in the Company ("Ordinary Shares") which he 
    held under the Company's 2016 Performance Share Plan (the "Scheme"); and 
 2. sold (at a sale price of 187.6 pence per share) 197,245 Ordinary Shares, as 
    permitted by the rules of the Scheme, to meet the sale expenses and the 
    resulting tax and national insurance liabilities. 
 
As a result of these transactions, Martin Ward and Stephen Oakley's interests 
(including family interests) in the Ordinary Shares of the Company are as 
follows: 
 
Director         Number of    Number of   Number of      Number of Percentage of 
                  Ordinary      Ordinary    Ordinary      Ordinary  total voting 
               Shares held        Shares      Shares   Shares held   rights held 
                  prior to    iIssued by     sold to     following   after these 
                     these        way of    meet tax         these  transactions 
              transactions   exercise of liabilities  transactions 
                                 options 
 
Martin Ward      3,681,982       535,880     293,401     3,924,461        1.285% 
 
Stephen          1,830,610       360,255     197,245     1,993,620        0.653% 
Oakley 
 
The Company's capital consists of 305,276,076 ordinary shares of 0.1 pence each 
in issue, each with voting rights. This figure (may be used by shareholders in 
the Company as the denominator for the calculations by 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. 
 
The notifications below, made in accordance with the Market Abuse Regulation, 
provide further detail. 
 
   Notification and public disclosure of transactions by persons discharging 
     managerial responsibilities and persons closely associated with them 
 
1    Details  of  the  person  discharging  managerial  responsibilities  /  person 
      closely associated 
 
a)   Name                 Martin Ward 
 
2    Reason for the notification 
 
a)   Position/status      Director 
 
b)   Initial notification Initial notification 
     /Amendment 
 
3    Details of the issuer, emission allowance market participant, auction platform, 
     auctioneer or auction monitor 
 
a)   Name                 Redde plc 
 
b)   LEI                  21380063LFNLZM7AYT28 
 
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 
 
Transaction 1 
 
a)   Description of the   Options over ordinary shares. 
     financial 
     instrument, type of 
     instrument 
                          GB00BLWFOR63 
     Identification code 
 
b)   Nature of the        Exercise of options over ordinary shares. 
     transaction 
 
c)   Price(s) and volume  Transaction  Price(s)      Volume(s)  Total 
     (s) 
                          Exercise     GBP0.001        535,880    GBP535.88 
 
d)   Aggregated           N/A 
     information 
 
     -Aggregated volume 
     -Price               N/A 
 
e)   Date of the          14 September 2018. 
     transaction 
 
f)   Place of the         Outside of trading venue. 
     transaction 
 
Transaction 2 
 
Description of the Ordinary shares. 
financial 
instrument, type 
of instrument 
 
Identification 
code 
                   GB00BLWFOR63 
 
Nature of the      Sale of ordinary shares. 
transaction 
 
Price(s) and       Transaction  Price(s)      Volume(s)  Total 
volume(s) 
                   Sale         GBP1.876        293,401    GBP 
                                                         550,420.28 
 
Aggregated         N/A 
information 
 
 
-Aggregated volume N/A 
-Price 
 
Date of the        14 September 2018. 
transaction 
 
Place of the       AIMX 
transaction 
 
 
 
 
1     Details  of  the  person  discharging  managerial  responsibilities  /  person 
       closely associated 
 
a)    Name                    Stephen Oakley 
 
2     Reason for the notification 
 
a)    Position/status         Director 
 
b)    Initial notification/   Initial notification 
      Amendment 
 
3     Details of the issuer, emission allowance market participant, auction platform, 
      auctioneer or auction monitor 
 
a)    Name                    Redde plc 
 
b)    LEI                     21380063LFNLZM7AYT28 
 
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 
 
Transaction 1 
 
a)    Description of the      Options over ordinary shares. 
      financial instrument, 
      type of instrument 
 
      Identification code     GB00BLWFOR63 
 
b)    Nature of the           Exercise of options over ordinary shares. 
      transaction 
 
c)    Price(s) and volume(s)  Transaction  Price(s)      Volume(s)  Total 
 
                              Exercise     GBP0.001        360,255    GBP360.26 
 
d)    Aggregated information  N/A 
 
 
      -Aggregated volume      N/A 
      -Price 
 
e)    Date of the transaction 14 September 2018; 
 
 
f)    Place of the            Outside of trading venue. 
      transaction 
 
Transaction 2 
 
     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 
 
     Description of  Sale of ordinary shares. 
     the financial 
     instrument, 
     type of         GB00BLWFOR63 
     instrument 
 
 
     Identification 
     code 
 
     Nature of the   Ordinary shares. 
     transaction 
 
     Price(s) and    Transaction  Price(s)      Volume(s)  Total 
     volume(s) 
                     Sale         GBP1.876        197,245    GBP 
                                                           370,031.62 
 
     Aggregated      N/A 
     information 
 
 
     -Aggregated     N/A 
     volume 
     -Price 
 
     Date of the     14 September 2018; 
     transaction 
 
     Place of the    AIMX 
     transaction 
 
 
 
 
Enquiries 
 
           Redde plc                                           Tel: 01225 321134 
 
           Martin Ward - Chief Executive Officer 
 
           Stephen Oakley - Chief Financial Officer 
 
           Cenkos Securities plc (Nominated Adviser and Joint  Tel: 0207 397 8900 
           Broker) 
 
           Elizabeth Bowman 
           Harry Hargreaves 
 
           N+1 Singer Capital Markets Limited (Joint Broker)   Tel: 0207 496 3000 
 
           Mark Taylor 
 
           Square1 Consulting                                  Tel: 0207 929 5599 
 
           David Bick 
 
 
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, clinical negligence and employer and public 
liability law advice. 
 
The name Redde is associated, in Latin, with the concept of restoration. 
 
 
 
END 
 

(END) Dow Jones Newswires

September 17, 2018 02:00 ET (06:00 GMT)

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