Purchase of shares - Non-Executive Director fees

RNS Number : 6987T

Non-Standard Finance PLC

26 March 2021

 

  Non-Standard Finance plc

(the 'Company' or the 'Group')

Purchase of shares in respect of Non-Executive Director fees

Director/PDMR Shareholding

26 March 2021

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 144,420 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 5.9p per Ordinary Share and a total cost (excluding dealing costs) of £8,520.78.

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 January 2021 to 31 March 2021. 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 1,186,049 Ordinary Shares, representing 0.4 per cent of the issued share capital of the Company.

For more information:

Non-Standard Finance plc Peter Reynolds, Director, IR and Communications

[phone]

The notification below, made in accordance with the requirements of the UK 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)	Price(s) Volume(s) 5.9 pence 144,420 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	144,420 Ordinary Shares 5.9 pence
e)	Date of the transaction	26 March 2021
f)	Place of the transaction	London Stock Exchange (XLON)

 

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