• News Release
•
Issue Date: 01 August 2017
Redde plc
“Company”)
Director/PDMR
Shareholding
The Company announces that on 1 August
2017, Martin Ward and
Stephen Oakley each acquired 37,267
ordinary shares of 0.1 pence each
fully paid in the Company at 48.3
pence per share following an exercise of options awarded in
2014 under the Company's All-Employee Save As Your Earn share
option scheme (SAYE). The ordinary shares were issued by the
Company by way of a transfer from shares already held in treasury,
with no change to the issued ordinary share capital of the
Company.
Following the above transactions, Martin
Ward and Stephen Oakley
interests (including family interests) in the Ordinary Shares of
the Company are set out below:
Director |
Number of Ordinary
Shares held prior to aquisition of SAYE Shares |
Number of New Ordinary
Shares received as a result of the issue of the SAYE
Shares |
Number of Ordinary
Shares held the issue of the SAYE Shares |
Martin Ward |
3,644,715 |
37,267 |
3,681,982 |
Stephen Oakley |
1,793,343 |
37,267 |
1,830,610 |
As at 1 August 2017 the Company’s
issued share capital consists of 303,982,031 ordinary shares of
which, following the above transfer of shares out of treasury
(together with transfers of treasury shares to staff who also
exercised options under the SAYE), 640,823 continue to be held as
treasury shares to satisfy options granted in 2014 under the SAYE
so that the Company has 303,341,208 Ordinary Shares with voting
rights. The figure of 303,341,208 may be used by shareholders in
the Company as the denominator for the calculationsby 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 Guidance and
Transparency Rules.
Enquiries |
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|
Redde plc |
Tel: 01225 321134 |
|
Martin Ward – Chief
Executive Officer |
|
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Stephen Oakley – Chief
Financial Officer |
|
|
|
|
|
Cenkos Securities
plc (Nominated Adviser and Joint Broker) |
Tel: 0207 397 8900 |
|
Elizabeth Bowman |
|
|
|
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N+1 Singer Capital
Markets Limited (Joint Broker) |
Tel: 0207 496
3000 |
|
Mark Taylor |
|
|
|
Square1
Consulting |
Tel: 0207 929
5599 |
|
David Bick |
|
|
Brian Alexander |
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|
|
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.