The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to an award of nil-cost options to a person discharging managerial responsibilities ("PDMR") on 22 November 2019 under the Softcat plc Long Term Incentive Plan ("LTIP"). This announcement is made in accordance with Article 19.3 of MAR.
An award of nil-cost options to acquire 12,500 Ordinary shares was made to Colin Brown, a PDMR, on 22 November 2019 under the LTIP calculated by reference to the closing middle market quotation of the ordinary shares derived from the Daily Official List on the dealing day preceding the date of grant (1160 pence). The award for Colin Brown will vest subject to continued employment with the Company for three years from the date of grant.
The normal date of vesting for the nil-cost options outlined above will be 22 November 2022 and the last date for exercise will be 21 November 2029.
Details of PDMR / person closely associated with them ("PCA")
Reason for the notification
Position / status
Initial notification / amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Ordinary Shares of £0.0005 each
Nature of the transaction
Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Long Term Incentive Plan
Price(s) and volume(s)
Date of the transaction
22 November 2019
Place of the transaction
Outside a trading venue
Company Secretary, Softcat plc
26 November 2019
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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