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viewNon-Standard Finance PLC

Non-Standard Fin - Director/PDMR Shareholding

RNS Number : 5908A
Non-Standard Finance PLC
30 September 2020
 

 

 

Non-Standard Finance plc

(the 'Company' or the 'Group')

 

Purchase of shares in respect of Non-Executive Director fees

Director/PDMR Shareholding

30 September 2020

 

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 179,111 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 4.75p per Ordinary Share and a total cost (excluding dealing costs) of £8,507.77.

 

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 April 2020 to 30 June 2020. 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 769,029 Ordinary Shares, representing 0.2 per cent of the issued share capital of the Company.

 

For more information:

 

Non-Standard Finance plc

Peter Reynolds, Director, IR and Communications

+44 (0) 20 3869 9026

 

The notification below, made in accordance with the requirements of the EU 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)

4.75 pence

 

179,111 Ordinary Shares

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

179,111 Ordinary Shares

 

 

4.75 pence

e)

 

Date of the transaction

 

 

28 September 2020

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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