REDDE NORTHGATE PLC has announced the allocation of ordinary shares to its directors, Martin Ward and Philip Vincent, in accordance with the rules of the executive annual bonus plan for FY2024 (EAB). Martin Ward, the Chief Executive Officer, was allocated 49,033 shares, while Philip Vincent, the Chief Finance Officer, was allocated 25,336 shares. These shares will be held by Global Shares Nominee Account until the third anniversary of the award date or the date on which the director's employment with the company ceases.
The details of the transactions, including the nature of the transaction, price, volume, and date, have been provided for each director. The allocation of shares was made under the EAB, with a price of £4.24 per share. The transactions took place outside the trading venue on 15 July 2024.
This announcement provides transparency regarding the allocation of shares to the directors and ensures compliance with the rules of the EAB. It reflects the company's commitment to rewarding its executives in line with the established bonus plan for FY2024.