03 August 2023

Redde Northgate plc

("Redde Northgate" or the "Company")

Director/PDMR Grant of Nil Cost Options and Shareholding

The Company announces that on 2 August 2023 it made awards of nil cost options over ordinary shares of £0.50 in the Company ("Options") under its Executive Performance Share Plan (the Company's Long Term Incentive Plan or "LTIP") to the following executive directors:

_______________________________________________________________ |Name |Number of Options Awarded| |_____________________________________|_________________________| |Martin Ward, Chief Executive Officer |273,143 | |_____________________________________|_________________________| |Philip Vincent, Chief Finance Officer|176,416 | |_____________________________________|_________________________|

 

The Options awarded under the LTIP will ordinarily become exercisable on the third anniversary of grant subject to the LTIP rules, the recipient's continued service and the extent to which the performance conditions set for the award are satisfied. There is a holding period of two years after vesting.  

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

___________________________________________________________________________ |1 |Details of the person discharging managerial responsibilities / person | | |closely associated | |__|________________________________________________________________________| |a)|Name |Martin Ward | |__|_______________________________|________________________________________| |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 |Redde Northgate plc | |__|_______________________________|________________________________________| |b)|LEI |213800B3ZUTDOZYVJB41 | |__|_______________________________|________________________________________| | |Details of the transaction(s): section to be repeated for (i) each type | |4 |of instrument; (ii) each type of transaction; (iii) each date; and (iv) | | |each place where transactions have been conducted | |__|________________________________________________________________________| |a)|Description of the financial |Nil cost options over ordinary shares of| | |instrument, type of instrument |£0.50 each in Redde Northgate plc | |__|_______________________________|________________________________________| |b)|Identification code |GB00B41H7391 | |__|_______________________________|________________________________________| | | |Grant of nil cost options over ordinary | |c)|Nature of the transaction |shares of £0.50 each in Redde Northgate | | | |plc under the LTIP | |__|_______________________________|________________________________________| | | | __________________ | | | ||Price(s)|Volume(s)| | |d)|Price(s) and volume(s) ||________|_________| | | | ||£0 |273,143 | | | | ||________|_________| | |__|_______________________________|________________________________________| | |Aggregated information | | | | |273,143 | |e)|- Aggregated volume | | | | |£0 | | |- Price | | |__|_______________________________|________________________________________| |f)|Date of the transaction |02 August 2023 | |__|_______________________________|________________________________________| |g)|Place of the transaction |Outside trading venue | |__|_______________________________|________________________________________|

 

 

___________________________________________________________________________ |1 |Details of the person discharging managerial responsibilities / person | | |closely associated | |__|________________________________________________________________________| |a)|Name |Philip Vincent | |__|_______________________________|________________________________________| |2 |Reason for the notification | |__|________________________________________________________________________| |a)|Position/status |Chief Finance Officer | |__|_______________________________|________________________________________| |b)|Initial notification /Amendment|Initial notification | |__|_______________________________|________________________________________| |3 |Details of the issuer, emission allowance market participant, auction | | |platform, auctioneer or auction monitor | |__|________________________________________________________________________| |a)|Name |Redde Northgate plc | |__|_______________________________|________________________________________| |b)|LEI |213800B3ZUTDOZYVJB41 | |__|_______________________________|________________________________________| | |Details of the transaction(s): section to be repeated for (i) each type | |4 |of instrument; (ii) each type of transaction; (iii) each date; and (iv) | | |each place where transactions have been conducted | |__|________________________________________________________________________| |a)|Description of the financial |Nil cost options over ordinary shares of| | |instrument, type of instrument |£0.50 each in Redde Northgate plc | |__|_______________________________|________________________________________| |b)|Identification code |GB00B41H7391 | |__|_______________________________|________________________________________| | | |Grant of nil cost options over ordinary | |c)|Nature of the transaction |shares of £0.50 each in Redde Northgate | | | |plc under the LTIP | |__|_______________________________|________________________________________| | | | __________________ | | | ||Price(s)|Volume(s)| | |d)|Price(s) and volume(s) ||________|_________| | | | ||£0 |176,416 | | | | ||________|_________| | |__|_______________________________|________________________________________| | |Aggregated information | | | | |176,416 | |e)|- Aggregated volume | | | | |£0 | | |- Price | | |__|_______________________________|________________________________________| |f)|Date of the transaction |02 August 2023 | |__|_______________________________|________________________________________| |g)|Place of the transaction |Outside trading venue | |__|_______________________________|________________________________________|

 

For further information, please contact:

 

Redde Northgate plcJames Kerton, Company Secretary [email protected]

 


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