Director/PDMR Shareholding

RNS Number : 6585L

Non-Standard Finance PLC

04 January 2023

 

Non-Standard Finance plc

(the 'Company' or the 'Group')

Purchase of shares in respect of Non-Executive Director fees

Director/PDMR Shareholding

04 January 2023

In accordance with the Group's Remuneration Policy approved by shareholders on 17 December 2021, the Group announces the purchase by Mr. Charles Gregson, Non-Executive Chairman of the Company, of 1,456,538 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 0.585p per Ordinary Share and a total cost (excluding dealing costs) of £8,520.75.

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 September 2022 to 31 December 2022. 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 6,051,043 Ordinary Shares, representing 1.94 per cent of the issued share capital of the Company.

For more information:

Non-Standard Finance plc Sarah Day, Chief ESG Director & Company Secretary

[phone]

The notification below, made in accordance with the requirements of the UK 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) 0.585 pence 1,456,538 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	1,456,538 Ordinary Shares 0.585 pence
e)	Date of the transaction	03 January 2023
f)	Place of the transaction	London Stock Exchange (XLON)

 

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