Director/PDMR Shareholding

RNS Number : 4835V

Northgate PLC

30 January 2017

 

30 January 2017

Northgate plc

("Northgate" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 26 January 2017 the following award over ordinary shares of 50 pence in Northgate plc was granted under the Northgate Executive Performance Share Plan to the following person discharging managerial responsibilities:

PDMR	No. of shares under Award
Kevin Bradshaw	83,704

The award will ordinarily become exercisable on the third anniversary of grant subject to the grantee's continued service and to the extent to which the performance conditions set for the award are satisfied.

Details of the full notification received by the Company are set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Bradshaw
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Northgate plc
b)	LEI	213800B3ZUTDOZYVJB41
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	Ordinary Shares of 50 pence each in Northgate plc
b)	Identification code	GB00B41H7391
c)	Nature of the transaction	Grant of a nil cost option award under the Executive Performance Share Plan. In the normal course of events the award will become exercisable after three years subject to continued service and to the extent to which performance conditions are met.
d)	Price(s) and volume(s)	Price(s) Volume(s) Nil 83,704
e)	Aggregated information - Aggregated volume - Price	Not applicable
f)	Date of the transaction	26 January 2017
g)	Place of the transaction	Outside trading venue

 

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