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Softcat PLC (SCT)

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Wednesday 07 April, 2021

Softcat PLC

Director/PDMR Shareholding

RNS Number : 7304U
Softcat PLC
07 April 2021
 

For Immediate Release

07 April 2021

 

Softcat plc

 

("Softcat", the "Company")

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 

The following notification is made under Article 19 of the Market Abuse Regulation ("MAR"). It relates to the exercise of 66,864 nil-cost options by persons discharging managerial responsibilities ("PDMR") on 7 April 2021 under the Softcat plc Long Term Incentive Plan ("LTIP") and the sale of a portion of the resulting Ordinary Shares ("Shares") to cover tax liabilities. The remaining Shares have been retained by the PDMR. 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Graeme Watt

2.

Reason for the notification

a)

Position / status

Chief Executive Officer

 

b)

Initial notification / amendment

Initial Notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Softcat plc

b)

LEI

213800N42YZLR9GLVC42

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

Identification Code

Ordinary Shares of 0.0005 each


ISIN: GB00BYZDVK82

b)

Nature of the transaction

Exercise of nil-cost options under the Softcat plc LTIP (awarded on 4 April 2018), with a sale of sufficient Shares to cover the PDMR's liabilities in respect of income tax and national insurance contributions. The Shares resulting from the exercise were treated as follows:

i.  sale of Shares; and

ii.  retention of Shares.

c)

Price(s) and volume(s)

i.  Sale of Shares

Price(s)

Volume(s)

£18.725

31,585

 

ii.  Retention of Shares

Price(s)

Volume(s)

£nil

35,279

d)

Aggregated information

Volume

Price

 

N/A



 

e)

Date of the transaction

 

07 April 2021

f)

Place of the transaction

London Stock Exchange

 

Softcat plc

 

Luke Thomas, Company Secretary  

Tel: +44 (0)20 7167 4961

 

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