17th Sep 2018 07:00
REDDE PLC - Director/PDMR Shareholding and Total Voting RightsREDDE PLC - Director/PDMR Shareholding and Total Voting Rights
PR Newswire
London, September 14
• News Release •
Issue Date: 17 September 2018
Redde plc
(“Company”)
Director’s shareholding: exercise of options
The Company received notification on 14 September 2018 that on 14 September 2018:
Martin Ward:
exercised (at an exercise price of 0.10 pence per share) 535,880 options over the ordinary 0.10p shares in the Company ("Ordinary Shares") which he held under the Company's 2016 Performance Share Plan (the "Scheme"); and sold (at a sale price of 187.6 pence per share) 293,401 Ordinary Shares, as permitted by the rules of the Scheme, to meet the sale expenses and the resulting tax and national insurance liabilities.Stephen Oakley:
exercised (at an exercise price of 0.10 pence per share) 360,255 options over the ordinary 0.10p shares in the Company ("Ordinary Shares") which he held under the Company's 2016 Performance Share Plan (the "Scheme"); and sold (at a sale price of 187.6 pence per share) 197,245 Ordinary Shares, as permitted by the rules of the Scheme, to meet the sale expenses and the resulting tax and national insurance liabilities.As a result of these transactions, Martin Ward and Stephen Oakley’s interests (including family interests) in the Ordinary Shares of the Company are as follows:
| Director | Number of Ordinary Shares held prior to these transactions | Number of Ordinary Shares iIssued by way of exercise of options | Number of Ordinary Shares sold to meet tax liabilities | Number of Ordinary Shares held following these transactions | Percentage of total voting rights held after these transactions |
| Martin Ward | 3,681,982 | 535,880 | 293,401 | 3,924,461 | 1.285% |
| Stephen Oakley | 1,830,610 | 360,255 | 197,245 | 1,993,620 | 0.653% |
The Company’s capital consists of 305,276,076 ordinary shares of 0.1 pence each in issue, each with voting rights. This figure (may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The notifications below, made in accordance with the Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
| a) | Name | Martin Ward | ||||||||||
| 2 | Reason for the notification | |||||||||||
| a) | Position/status | Director | ||||||||||
| b) | Initial notification/Amendment | Initial notification | ||||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
| a) | Name | Redde plc | ||||||||||
| b) | LEI | 21380063LFNLZM7AYT28 | ||||||||||
| 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 | |||||||||||
| Transaction 1 | ||||||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over ordinary shares. GB00BLWFOR63 | ||||||||||
| b) | Nature of the transaction | Exercise of options over ordinary shares. | ||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||
| d) | Aggregated information | N/A | ||||||||||
| -Aggregated volume-Price | N/A | |||||||||||
| e) | Date of the transaction | 14 September 2018. | ||||||||||
| f) | Place of the transaction | Outside of trading venue. | ||||||||||
| Transaction 2 | ||||||||||||
| Description of the financial instrument, type of instrument Identification code | Ordinary shares. GB00BLWFOR63 | |||||||||||
| Nature of the transaction | Sale of ordinary shares. | |||||||||||
| Price(s) and volume(s) |
| |||||||||||
| Aggregated information | N/A | |||||||||||
| -Aggregated volume -Price | N/A | |||||||||||
| Date of the transaction | 14 September 2018. | |||||||||||
| Place of the transaction | AIMX | |||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||
| a) | Name | Stephen Oakley | |||||||||||
| 2 | Reason for the notification | ||||||||||||
| a) | Position/status | Director | |||||||||||
| b) | Initial notification/Amendment | Initial notification | |||||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||
| a) | Name | Redde plc | |||||||||||
| b) | LEI | 21380063LFNLZM7AYT28 | |||||||||||
| 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 | ||||||||||||
| Transaction 1 | |||||||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over ordinary shares. GB00BLWFOR63 | |||||||||||
| b) | Nature of the transaction | Exercise of options over ordinary shares. | |||||||||||
| c) | Price(s) and volume(s) |
| |||||||||||
| d) | Aggregated information | N/A | |||||||||||
| -Aggregated volume -Price | N/A | ||||||||||||
| e) | Date of the transaction | 14 September 2018; | |||||||||||
| f) | Place of the transaction | Outside of trading venue. | |||||||||||
| Transaction 2 | |||||||||||||
| 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 | |||||||||||||
| Description of the financial instrument, type of instrument Identification code | Sale of ordinary shares. GB00BLWFOR63 | ||||||||||||
| Nature of the transaction | Ordinary shares. | ||||||||||||
| Price(s) and volume(s) |
| ||||||||||||
| Aggregated information | N/A | ||||||||||||
| -Aggregated volume -Price | N/A | ||||||||||||
| Date of the transaction | 14 September 2018; | ||||||||||||
| Place of the transaction | AIMX | ||||||||||||
| Enquiries | |||
| Redde plc | Tel: 01225 321134 | ||
| Martin Ward – Chief Executive Officer | |||
| Stephen Oakley – Chief Financial Officer | |||
| Cenkos Securities plc (Nominated Adviser and Joint Broker) | Tel: 0207 397 8900 | ||
| Elizabeth Bowman Harry Hargreaves | |||
| N+1 Singer Capital Markets Limited (Joint Broker) | Tel: 0207 496 3000 | ||
| Mark Taylor | |||
| Square1 Consulting | Tel: 0207 929 5599 | ||
| David Bick | |||
Notes for Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance companies, insurance brokers, prestige motor dealerships, and large national fleet owners the Group provides a range of accident management, incident management and legal services.
The Group is one of the market leaders in its fields of business; it delivers accident management solutions to motorists ensuring that they remain mobile until their own vehicles are repaired or until they are put in a position to obtain a replacement and it provides legal services ensuring that they are properly compensated for their injuries and losses. Legal services also include wills and probate, family law, clinical negligence and employer and public liability law advice.
The name Redde is associated, in Latin, with the concept of restoration.
Related Shares:
REDD.L