Softcat PLC Director/PDMR Shareholding (7435U)

TIDMSCT

RNS Number : 7435U

Softcat PLC

26 November 2019

26 November 2019

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 an award of nil-cost options to a person discharging managerial responsibilities ("PDMR") on 22 November 2019 under the Softcat plc Long Term Incentive Plan ("LTIP"). This announcement is made in accordance with Article 19.3 of MAR.

An award of nil-cost options to acquire 12,500 Ordinary shares was made to Colin Brown, a PDMR, on 22 November 2019 under the LTIP 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 (1160 pence). The award for Colin Brown will vest subject to continued employment with the Company for three years from the date of grant.

The normal date of vesting for the nil-cost options outlined above will be 22 November 2022 and the last date for exercise will be 21 November 2029.

 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                                                             Colin Brown 
     ---------------------------------------------------------------  ------------------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                                Managing Director 
     ---------------------------------------------------------------  ------------------------------------------------ 
 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 of                                                   Ordinary Shares of GBP0.0005 each 
       the financial 
       instrument 
                                                                        ISIN: GB00BYZDVK82 
       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       12,500 
                                                                                   ---------- 
     ---------------------------------------------------------------  ------------------------------------------------ 
 d)   Aggregated information 
       Aggregated volume                                                 N/A 
       Price 
     ---------------------------------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction 
                                                                         22 November 2019 
     ---------------------------------------------------------------  ------------------------------------------------ 
 f)   Place of the 
       transaction                                                       Outside a trading venue 
     ---------------------------------------------------------------  ------------------------------------------------ 
 
 

Luke Thomas

Company Secretary, Softcat plc

26 November 2019

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November 26, 2019 10:21 ET (15:21 GMT)