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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Softcat Plc | LSE:SCT | London | Ordinary Share | GB00BYZDVK82 | ORD �0.0005 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
10.00 | 0.64% | 1,577.00 | 1,576.00 | 1,579.00 | 1,579.00 | 1,531.00 | 1,531.00 | 5,332 | 08:48:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Related Svcs, Nec | 985.3M | 112.03M | 0.5614 | 27.91 | 3.13B |
TIDMSCT
RNS Number : 0199K
Softcat PLC
05 April 2018
Softcat plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
The following notification relates to the award of nil-cost options to person discharging managerial responsibilities ("PDMR") on 4 April 2018 under the Softcat plc Long Term Incentive Plan ("LTIP").
Softcat plc Long Term Incentive Plan
On 4 April 2018, an award of nil-cost options to acquire 66,864 shares was made to Graeme Watt, a director and PDMR. The number of shares over which the nil-cost option was awarded has been calculated by reference to the closing middle market quotation of the ordinary shares derived from the Daily Official List on the dealing day preceding the date of grant (6.73 pence). The award will vest subject to the performance conditions outlined below.
Performance Conditions and Vesting of Awards
These nil-cost options are subject to the rules of the LTIP and will vest depending on performance against Total Shareholder Return ("TSR") and Earnings per Share ("EPS") targets as measured over a three year performance period.
50% of the Award will be subject to the Company's relative TSR performance against the FTSE 250 (excluding real estate and investment trusts):
TSR performance % of Award vesting Below median Nil At median 30% Upper quartile or above 100%
50% of the Award will be subject to the Company's EPS for FY 2020:
EPS Growth % of Award vesting Less than 23.7 pence Nil 23.7 pence 20% 26.9 pence or above 100%
There will be straight line vesting between the points as outlined above.
The normal date of vesting for the nil-cost options outlined above will be 4 April 2021 and the last date for exercise will be 3 April 2028, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the LTIP.
For further information on the LTIP, please refer to the Company's Annual Report and Accounts.
1. Details of PDMR / person closely associated with them ("PCA") ---- -------------------------------------------------------------------- a) Name Graeme Watt ---- --------------------------------- --------------------------------- 2. Reason for the notification ---- -------------------------------------------------------------------- a) Position Chief Executive / 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 N/A ---- --------------------------------- --------------------------------- 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 of the financial each instrument ISIN: GB00BYZDVK82 Identification Code ---- --------------------------------- --------------------------------- b) Nature of Grant of nil cost option over the transaction Ordinary Shares of GBP0.0005 each under the Softcat plc Long Term Incentive Plan ---- --------------------------------- --------------------------------- c) Price(s) Price(s) Volume(s) and volume(s) --------- ---------- 0.00 66,864 --------- ---------- ---- --------------------------------- --------------------------------- d) Aggregated information N/A Aggregated volume Price ---- --------------------------------- --------------------------------- Date of the e) transaction 2018-04-04 ---- --------------------------------- --------------------------------- f) Place of the transaction Outside a trading venue ---- --------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHZMGGDKKGGRZM
(END) Dow Jones Newswires
April 05, 2018 11:22 ET (15:22 GMT)
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