Softcat PLC Additional Listing of Shares and PDMR Shareholding (2936N)

TIDMSCT

RNS Number : 2936N

Softcat PLC

16 January 2019

 
 For Immediate Release   16 January 2019 
 

SOFTCAT plc

("Softcat", the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to exercising of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 10 January 2019 under the Softcat plc Long Term Incentive Plan ("LTIP"). This announcement is made in accordance with Article 19.3 of MAR.

Softcat Long Term Incentive Plan

The Company announces that on 10 January 2019, the LTIP awards made on 21 December 2015 under the Softcat Long Term Incentive Plan (LTIP) to Martin Hellawell (when he was Chief Executive) have been exercised following full achievement of the performance criteria, with 100% of the LTIP awards vesting for nil consideration. Details of the number of ordinary shares of GBP0.0005 each in the share capital of the Company ("Shares") received by Persons Discharging Managerial Responsibility are set out below.

An application has been made to the UK Listing Authority and the London Stock Exchange for an additional listing of 158,125 ordinary shares of GBP0.0005 each to trade on the London Stock Exchange. It is expected that the shares will be admitted to trade on the Official List on 21 January 2019. The shares will rank pari passu with the existing ordinary shares of the Company.

Following these transactions, Mr Hellawell and the persons closely associated with him (namely Mandy Hellawell and The Highgate Family Trust) will hold in aggregate 9,926,280 ordinary shares, which represent approximately 5.01% of the Company's issued share capital.

Total Voting Rights

Following Admission, the Company will have 198,108,820 ordinary shares in issue. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 198,108,820.

 
 1.    Details of PDMR / person closely associated with them 
        ("PCA") 
 a)    Name                     Martin Hellawell 
      -----------------------  ---------------------------------------- 
 2.    Reason for the notification 
      ----------------------------------------------------------------- 
 a)    Position /               Chairman 
        status 
      -----------------------  ---------------------------------------- 
 b)    Initial notification     Initial Notification 
        / amendment 
      -----------------------  ---------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------- 
 a)    Name                     Softcat plc 
      -----------------------  ---------------------------------------- 
 b)    LEI                      213800N42YZLR9GLVC42 
      -----------------------  ---------------------------------------- 
 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              Ordinary Shares of GBP0.0005 each 
        of the financial 
        instrument 
                                 ISIN: GB00BYZDVK82 
        Identification 
        Code 
      -----------------------  ---------------------------------------- 
 b)    Nature of                Exercise of options under the Softcat 
        the transaction          plc Long Term Incentive Plan 
      -----------------------  ---------------------------------------- 
 c)    Price(s) and              Price(s)    Volume(s) 
        volume(s)                 nil         158,125 
                                             ---------- 
      -----------------------  ---------------------------------------- 
 d)    Aggregated 
        information               N/A 
        Aggregated 
        volume 
        Price 
      -----------------------  ---------------------------------------- 
       Date of the 
 e)     transaction               2019-01-10 
      -----------------------  ---------------------------------------- 
 f)    Place of the 
        transaction               Outside a Trading Venue 
      -----------------------  ---------------------------------------- 
 
 

For further information in relation to the LTIP please review the 2018 Annual Report and Accounts or contact:

 
 
            Softcat plc                                 Tel: + 44(0) 20 7167 4961 
            Luke Thomas, Company Secretary 
 
   Media Enquiries - FTI Consulting LLP                       Tel: + 44(0) 203 727 1000 

Ed Bridges

Dwight Burden

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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January 16, 2019 09:04 ET (14:04 GMT)