17th Nov 2016 07:00
REDDE PLC - Director/PDMR ShareholdingREDDE PLC - Director/PDMR Shareholding
PR Newswire
London, November 16
• News Release •
Issue Date: 17 November 2016
Redde plc
(“Company”)
Director/PDMR Shareholding
Following the announcement on 3 November 2016 of the conversion of Martin Ward and Stephen Oakley’s interests in 6,940,606 and 3,470,304 B Shares respectively under the B Share Incentive Scheme on a one-for-one basis to the same number of Ordinary Shares in the Company, the Company yesterday received notification that Martin Ward and Stephen Oakley had sold 4,000,000 and 2,000,000 Ordinary Shares respectively in the market at a price of 170 pence per share.
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 the sale | Number of Ordinary Shares sold | Number of Ordinary Shares held following the sale | Percentage of total voting rights held after the sale |
| Martin Ward | 7,644,715 | 4,000,000 | 3,644,715 | 1.20% |
| Stephen Oakley | 3,793,343 | 2,000,000 | 1,793,343 | 0.59% |
The Company’s capital consists of 303,959,703 ordinary shares of 0.1 pence each in issue, each with voting rights. This figure (303,959,703) 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 and Transparency Rules.
| Enquiries | |||
| Redde plc Martin Ward – Chief Executive Officer Stephen Oakley – Chief Financial Officer | Tel: 01225 321134 | ||
| Cenkos Securities plc (Nominated Adviser and Joint Broker) Elizabeth Bowman | Tel: 0207 397 8900 | ||
| N+1 Singer Capital Markets Limited (Joint Broker) Nic Hellyer | Tel: 0207 496 3000 | ||
| Square1 Consulting David Bick Brian Alexander | Tel: 0207 929 5599 | ||
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 and employment law advice.
The name Redde is associated, in Latin, with the concept of restoration.
Related Shares:
REDD.L