Additional Listing of Shares and PDMR Shareholding

RNS Number : 6676O
Softcat PLC
31 January 2019
 

For Immediate Release

31 January 2019

 

 

SOFTCAT plc

 

("Softcat", the "Company")

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 

 

The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to exercising of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 28 January 2019 under the Softcat plc Long Term Incentive Plan ("LTIP").  This announcement is made in accordance with Article 19.3 of MAR. 

 

Softcat Long Term Incentive Plan

 

The Company announces that on 28 January 2019, the LTIP awards made on 21 December 2015 to Graham Charlton have been exercised following full achievement of the performance criteria, with 100% of the LTIP awards vesting for nil consideration. Details of the number of ordinary shares of £0.0005 each in the share capital of the Company ("Shares") received by Persons Discharging Managerial Responsibility are set out below.

 

Name of Director

Number of shares awarded

Number of shares exercised

Number of shares sold*

Number of shares retained

Graham Charlton

141,666

141,666

36,215

105,451

 

*to meet tax and national insurance contributions

 

An application has been made to the UK Listing Authority and the London Stock Exchange for an additional listing of 141,666 ordinary shares of £0.0005 each to trade on the London Stock Exchange. It is expected that the shares will be admitted to trade on the Official List on 4 February 2019. The shares will rank pari passu with the existing ordinary shares of the Company.

 

Following these transactions, Mr Charlton and the persons closely associated with him will hold in aggregate 107,413 ordinary shares, which represent less than 0.1% of the Company's issued share capital.

 

Total Voting Rights

Following Admission, the Company will have 198,250,486 ordinary shares in issue. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 198,250,486.

 

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 / amendment

Initial Notification

 

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 the financial instrument

 

Identification Code

Ordinary Shares of £0.0005 each

 

 

ISIN: GB00BYZDVK82

b)

Nature of the transaction

Exercise of options under the Softcat plc Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

141,666

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

2019-01-28

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 / amendment

Initial Notification

 

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 the financial instrument

 

Identification Code

Ordinary Shares of £0.0005 each

 

 

ISIN: GB00BYZDVK82

b)

Nature of the transaction

Sale of shares, principally to cover tax on exercising of award under the Softcat plc Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

700p

36,215

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

 

2019-01-28

f)

Place of the transaction

 

London Stock Exchange

       

 

 

For further information in relation to the LTIP please review the 2018 Annual Report and Accounts or contact:

 

 

Softcat plc

Luke Thomas, Company Secretary

 

 

             Tel: + 44(0) 20 7167 4961

 

 

 

 

Media Enquiries - FTI Consulting LLP                                   Tel: + 44(0) 203 727 1000

Ed Bridges

Dwight Burden              

 

 

 

 

 

 

 

 


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