Non-Standard Finance plc
(the 'Company' or the 'Group')
Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
17 December 2020
In accordance with the Group's Remuneration Policy approved by shareholders on 14 May 2018, the Group announces the purchase by Mr. Charles Gregson, Non-Executive Chairman of the Company, of 272,600 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 3.13p per Ordinary Share and a total cost (excluding dealing costs) of £8,532.38.
The Company gave funds to Mr. Gregson to be applied for the immediate purchase of Ordinary Shares by Mr. Gregson to satisfy 50% of the post-tax fees due to be paid to Mr. Gregson by the Company for the period from 1 October 2020 to 31 December 2020. The remaining 50% of fees in relation to that period has been paid in cash. It is expected that future share purchases will be made quarterly, in the same manner, to satisfy 50% of the post-tax fees due to Mr. Gregson for the previous three month-period.
As a result of the above transaction, Mr. Gregson has a beneficial interest in 1,041,629 Ordinary Shares, representing 0.2 per cent of the issued share capital of the Company.
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications |
|
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 Charles Gregson in respect of 50% of his post-tax director's fees
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
272,600 Ordinary Shares
3.13 pence |
||||
e)
|
Date of the transaction
|
16 December 2020 |
||||
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |