Director/PDMR Shareholding

RNS Number : 4966C
Non-Standard Finance PLC
01 October 2018
 

 

 

Non-Standard Finance plc

(the 'Company' or the 'Group')

 

Purchase of own shares to satisfy Non-Executive Director fees

Director/PDMR Shareholding

1 October 2018

 

 

In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Group announces the purchase on 28 September 2018 of 14,467 ordinary shares of £0.05 each ('Ordinary Shares') at an average price of 58.8p per Ordinary Share and a total cost (excluding dealing costs) of £8,506.60.  The Ordinary Shares purchased have been immediately transferred to Mr. Charles Gregson, Non-Executive Chairman of the Company to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 July 2018 to 30 September 2018.  The remaining 50% of fees due has been paid in cash.

It is expected that future share purchases will be made quarterly by the Company to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.

As a result of the immediate transfer to Mr. Gregson, there is no change in the number of Ordinary Shares held in treasury or the total number of voting rights in the Company of 312,049,682 arising from the Ordinary Shares purchased by the Company.

As a result of the above transaction, Mr. Gregson has a beneficial interest in 297,995 Ordinary Shares, representing 0.1 per cent of the issued share capital of the Company.

 

For more information:

 

Non-Standard Finance plc

Peter Reynolds, Director, IR and Communications


+44 (0) 20 3869 9026

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Charles Gregson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Chairman

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Non-Standard Finance plc

b)

 

LEI

 

 

213800DVBNIJ1J2OF119

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 financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of 5p each in the capital of Non-Standard Finance plc

 

GB00BRJ6JV17

b)

 

Nature of the transaction

 

 

Purchase of Ordinary Shares by the Company and immediate transfer to Charles Gregson, as satisfaction of 50% of his post-tax directors fees

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

58.8 pence

 

14,467 Ordinary Shares

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

14,467 Ordinary Shares

 

 

58.8 pence

e)

 

Date of the transaction

 

 

28 September 2018

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 


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