Redde Northgate Plc Director/PDMR Shareholding

 
TIDMREDD 
 
13 August 2020 
 
                              REDDE NORTHGATE PLC 
 
                          Director/PDMR Shareholdings 
 
On 12August 2020 ReddeNorthgate plc granted nominal cost option awards under 
the ReddeNorthgate plc Executive Performance Share Plan (EPSP) as follows: 
 
Name                              Number of share awards granted 
                                  under EPSP on 12 August 2020 
 
Martin Ward, Chief Executive 
Officer                                                     778,315 
 
Philip Vincent, Chief Finance 
Officer                                                     476,382 
 
The EPSP award will ordinarily become exercisable on the third anniversary of 
grant subject to the EPSP rules, the grantee's continued service and to the 
extent to which the performance conditions set for the award are satisfied. 
There is a holding period of two years after vesting. 
 
Details of the full notification by the Company are set out below. 
 
1  Details of the person discharging managerial responsibilities / 
   person closely associated 
 
a) Name                    Martin Ward 
 
 
2  Reason for the notification 
 
a) Position/status         Chief Executive 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 Northgate plc 
 
 
b) LEI                     213800B3ZUTDOZYVJB41 
 
 
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 50 pence each in Redde 
   financial instrument,   Northgate plc 
   type of instrument 
 
b) Identification code     GB00B41H7391 
 
 
c) Nature of the           Grant of a nominal cost option award under 
   transaction             the Executive Performance Share Plan. 
 
 
d) Price(s) and volume(s)  Price(s)           Volume(s) 
 
                           0 
                                              778,315 
 
e) Aggregated information 
   - Aggregated volume     N/A 
    - Price 
 
f) Date of the transaction 12 August 2020 
 
 
g) Place of the            Outside trading venue 
   transaction 
 
 
 
 
1  Details of the person discharging managerial responsibilities / 
   person closely associated 
 
a) Name                    Philip Vincent 
 
 
2  Reason for the notification 
 
a) Position/status         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 Northgate plc 
 
 
b) LEI                     213800B3ZUTDOZYVJB41 
 
 
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 50 pence each in Redde 
   financial instrument,   Northgate plc 
   type of instrument 
 
b) Identification code     GB00B41H7391 
 
 
c) Nature of the           Grant of a nominal cost option award under 
   transaction             the Executive Performance Share Plan. 
 
 
d) Price(s) and volume(s)  Price(s)           Volume(s) 
 
                           0                  476,382 
 
e) Aggregated information 
 
    - Aggregated volume    N/A 
 
   - Price 
 
f) Date of the transaction 12 August 2020 
 
 
g) Place of the            Outside trading venue 
   transaction 
 
 
Contact details 
 
For further information please contact: 
 
ReddeNorthgate plc                                   03445 170064 
 
Nick Tilley, Company Secretary 
 
Notes to Editors: 
 
Redde Northgate plc is a leading integrated mobility solutions platform formed 
in February 2020 following the all-share merger of light commercial hire 
business Northgate plc and Redde plc, the provider of incident and accident 
management, legal and other mobility-related services. 
 
The Group provides mobility solutions and automotive services to a wide range 
of businesses and customers spanning the vehicle life cycle across vehicle 
supply, service, maintenance, repair, recovery, accident and incident 
management and disposal through sale or salvage. 
 
With an extensive network and diversified fleet of over 110,000 owned vehicles 
and over 400,000 managed vehicles in more than 100 branches across the UK, 
Ireland and Spain, the Group aims to utilise its scale, reach and comprehensive 
suite of integrated services to offer a market-leading customer proposition and 
drive enhanced returns for shareholders. 
 
Further information regarding Redde Northgate plc can be found on the Company's 
website: 
 
www.reddenorthgate.co.uk 
 
                                     ENDS 
 
 
 
END 
 

(END) Dow Jones Newswires

August 13, 2020 02:00 ET (06:00 GMT)