Redde Plc Director/PDMR Shareholding

 
TIDMREDD 
 
* News Release * 
 
Issue Date: 12 March 2019 
 
                                   Redde plc 
 
                                  ("Company") 
 
                          Director/PDMR Shareholding 
 
The Company announces that certain directors and their persons closely 
associated ("PCAs") have recently purchased an aggregate of 139,374 ordinary 
shares with an aggregate value of GBP122,262 in the Company in the following 
amounts: 
 
Name             Position            Ordinary    Price   Number of    Date of 
                                       shares paid per    Ordinary   purchase 
                                    purchased    share Shares held 
                                                         following 
                                                               the 
                                                          purchase 
 
Avril            Chairwoman            56,497   88.50p      56,497  12-Mar-19 
Palmer-Baunack 
 
Martin Ward      Chief Executive       56,497   88.50p   3,980,958  12-Mar-19 
                 Officer 
 
Patricia Oakley  PCA with Stephen      26,380   84.39p              12-Mar-19 
                 Oakley, Chief                           2,020,000 
                 Financial Officer 
 
The notifications set out below are provided in accordance with the 
requirements of the EU Market Abuse Regulation: 
 
   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                    Avril Palmer-Baunack 
 
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 
 
a)  Description of the      Ordinary shares of 0.1 pence each 
    financial instrument, 
    type of instrument      ISIN: GB00BLWF0R63 
                            GB00BLWFOR63 
    Identification code 
 
b)  Nature of the           Purchase of ordinary shares 
    transaction 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            88.5p                    56,497 
 
d)  Aggregated information  N/A 
 
 
    -Aggregated volume 
 
e)  Date of the transaction 12 March 2019 
 
f)  Place of the            AIMX 
    transaction 
 
 
 
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 
 
a)  Description of the      Ordinary shares of 0.1 pence each 
    financial instrument, 
    type of instrument      ISIN: GB00BLWF0R63 
                            GB00BLWFOR63 
    Identification code 
 
b)  Nature of the           Purchase of ordinary shares 
    transaction 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            88.5p                    56,497 
 
d)  Aggregated information  N/A 
 
 
    -Aggregated volume 
 
e)  Date of the transaction 12 March 2019 
 
f)  Place of the            AIMX 
    transaction 
 
 
 
1   Details  of  the  person  discharging  managerial  responsibilities  / 
     person  closely associated 
 
a)  Name                    Patricia Oakley 
 
2   Reason for the notification 
 
a)  Position/status         PCA with Stephen Oakley, Chief Financial Officer 
 
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 
 
a)  Description of the      Ordinary shares of 0.1 pence each 
    financial instrument, 
    type of instrument      ISIN: GB00BLWF0R63 
                            GB00BLWFOR63 
    Identification code 
 
b)  Nature of the           Purchase of ordinary shares 
    transaction 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            84.39p                   26,380 
 
d)  Aggregated information  N/A 
 
 
    -Aggregated volume 
 
e)  Date of the transaction 12 March 2019 
 
f)  Place of the            AIMX 
    transaction 
 
 
 
Enquiries 
 
           Redde plc                                           Tel: [phone] 
 
           Martin Ward - Chief Executive Officer 
 
           Stephen Oakley - Chief Financial Officer 
 
           Cenkos Securities plc (Nominated Adviser and Joint  Tel: [phone] 
           Broker) 
 
           Mark Connelly 
           Giles Balleny 
           Harry Hargreaves 
 
           N+1 Singer Capital Markets Limited (Joint Broker)   Tel: [phone] 
 
           Mark Taylor 
 
           Square1 Consulting                                  Tel: [phone] 
 
           David Bick 
 
 
Notes for Editors: 
 
About Redde plc: 
 
Founded in 1992 and working predominantly with insurance companies, insurance 
brokers and prestige motor dealerships, the Group provides a range of accident 
management and legal services. The Group also deals directly with large 
national fleets providing incident management and mobility continuity and the 
Group's activities also encompass a range of legal services designed to assist 
claimant parties in partnership with leading insurance companies, brokers and 
other bodies. 
 
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 and employment law advice. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 12, 2019 09:51 ET (13:51 GMT)