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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-7.00 | -0.45% | 1,550.00 | 1,550.00 | 1,554.00 | 1,601.00 | 1,547.00 | 1,601.00 | 7,887 | 09:22:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Related Svcs, Nec | 985.3M | 112.03M | 0.5614 | 27.65 | 3.1B |
TIDMSCT
RNS Number : 5328I
Softcat PLC
26 November 2018
26 November 2018
Softcat plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to awards of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 21 November 2018 under the Softcat plc Long Term Incentive Plan ("LTIP"). This announcement is made in accordance with Article 19.3 of MAR.
Softcat plc Long Term Incentive Plan
On 21 November 2018, awards under the Company's Long Term Incentive Plan (the "LTIP") were made as outlined below.
An award of nil-cost options to acquire 75,000 number of 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 (600.00 pence). The award will vest subject to the performance conditions outlined below.
An award of nil-cost options to acquire 50,000 number of shares was made to Graham Charlton, 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 (600.00 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 2021:
EPS % of Award vesting Less than 29.3 pence Nil 29.3 pence 20% 35.7 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 21 November 2021 and the last date for exercise will be 20 November 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 / status CEO ------------------------------------------ -------------------------------------------- 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 each of the financial ISIN: GB00BYZDVK82 instrument Identification Code ------------------------------------------ -------------------------------------------- b) Nature of the Grant of nil cost option over Ordinary transaction Shares of GBP0.0005 each under the Softcat plc Long Term Incentive Plan ------------------------------------------ -------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) 0.00 75,000 ---------- ------------------------------------------ -------------------------------------------- d) Aggregated information Aggregated volume N/A Price ------------------------------------------ -------------------------------------------- Date of the e) transaction 2018-11-21 ------------------------------------------ -------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------ -------------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA") a) Name Graham Charlton ------------------------------------------ -------------------------------------------- 2. Reason for the notification ---------------------------------------------------------------------------------------- a) Position / status CFO ------------------------------------------ -------------------------------------------- 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 each of the financial ISIN: GB00BYZDVK82 instrument Identification Code ------------------------------------------ -------------------------------------------- b) Nature of the Grant of nil cost option over Ordinary transaction Shares of GBP0.0005 each under the Softcat plc Long Term Incentive Plan ------------------------------------------ -------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) 0.00 50,000 ---------- ------------------------------------------ -------------------------------------------- d) Aggregated information Aggregated volume N/A Price ------------------------------------------ -------------------------------------------- Date of the e) transaction 2018-11-21 ------------------------------------------ -------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------ --------------------------------------------
Softcat plc
26 November 2018
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 rns@lseg.com or visit www.rns.com.
END
DSHGMMZMVVNGRZM
(END) Dow Jones Newswires
November 26, 2018 11:09 ET (16:09 GMT)
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