Softcat PLC Director/PDMR Shareholding (3841R)
December 08 2016 - 12:35PM
UK Regulatory
TIDMSCT
RNS Number : 3841R
Softcat PLC
08 December 2016
8 December 2016
Softcat plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
The following notification made under article 19.1 of the Market
Abuse Regulation ("MAR") relates to awards of a nil-cost option to
persons discharging managerial responsibilities ("PDMR") on 8
December 2016 under the Softcat plc Long Term Incentive Plan
("LTIP"). This announcement is made in accordance with Article 19.3
of MAR.
Softcat plc Long Term Incentive Plan
On 8 December 2016, awards under the Company's Long Term
Incentive Plan (the "LTIP") were made as set out in the table
below.
The awards were made as nil-cost options and the number of
shares over which each nil-cost option was awarded has been
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.
Performance Conditions and Vesting of Awards
These nil-cost options are subject to the rules of the LTIP and
will vest depending on performance against Total Shareholder Return
("TSR") and Earnings per Share ("EPS") targets as measured over a
three year performance period.
50% of the Award will be subject to the Company's relative TSR
performance against the FTSE 250 (excluding real estate and
investment trusts):
TSR performance % of Award vesting
Below median Nil
At median 30%
Upper quartile or above 100%
50% of the Award will be subject to the Company's EPS for FY
2019:
EPS Growth % of Award vesting
Less than 20.6 pence Nil
20.6 pence 20%
23.7 pence or above 100%
There will be straight line vesting between the points as
outlined above.
The normal date of vesting for these nil-cost options will be 8
December 2019 and the last date for exercise will be 7 December
2026, with dividend equivalents payable in respect of the vesting
of nil-cost options in accordance with the rules of the LTIP.
1. Name 2. Status 3. No. of Shares subject to LTIP award
------------------ --------------- ---------------------------------------
Martin Hellawell Director/PDMR 176,129
------------------ --------------- ---------------------------------------
Graham Charlton Director/PDMR 119,767
------------------ --------------- ---------------------------------------
For further information on the LTIP, please refer to the
Company's Annual Report and Accounts.
1. Details of PDMR / person closely associated
with them ("PCA")
---- --------------------------------------------------------------------
a) Name Martin Hellawell
---- --------------------------------- ---------------------------------
2. Reason for the notification
---- --------------------------------------------------------------------
a) Position CEO
/ status
---- --------------------------------- ---------------------------------
b) Initial notification Initial Notification
/ amendment
---- --------------------------------- ---------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- --------------------------------------------------------------------
a) Name Softcat plc
---- --------------------------------- ---------------------------------
b) LEI N/A
---- --------------------------------- ---------------------------------
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 Ordinary Shares of GBP0.0005
of the financial each
instrument ISIN: GB00BYZDVK82
Identification
Code
---- --------------------------------- ---------------------------------
b) Nature of Grant of nil cost option over
the transaction Ordinary Shares of GBP0.0005
each under the Softcat plc Long
Term Incentive Plan
---- --------------------------------- ---------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
0.00 176,129
--------- ----------
---- --------------------------------- ---------------------------------
d) Aggregated
information N/A
Aggregated
volume
Price
---- --------------------------------- ---------------------------------
Date of the
e) transaction 2016-12-08
---- --------------------------------- ---------------------------------
f) Place of
the transaction Outside a trading venue
---- --------------------------------- ---------------------------------
1. Details of PDMR / person closely associated
with them ("PCA")
---- --------------------------------------------------------------------
a) Name Graham Charlton
---- --------------------------------- ---------------------------------
2. Reason for the notification
---- --------------------------------------------------------------------
a) Position CFO
/ status
---- --------------------------------- ---------------------------------
b) Initial notification Initial Notification
/ amendment
---- --------------------------------- ---------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- --------------------------------------------------------------------
a) Name Softcat plc
---- --------------------------------- ---------------------------------
b) LEI N/A
---- --------------------------------- ---------------------------------
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 Ordinary Shares of GBP0.0005
of the financial each
instrument ISIN: GB00BYZDVK82
Identification
Code
---- --------------------------------- ---------------------------------
b) Nature of Grant of nil cost option over
the transaction Ordinary Shares of GBP0.0005
each under the Softcat plc Long
Term Incentive Plan
---- --------------------------------- ---------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
0.00 119,767
--------- ----------
---- --------------------------------- ---------------------------------
d) Aggregated
information N/A
Aggregated
volume
Price
---- --------------------------------- ---------------------------------
Date of the
e) transaction 2016-12-08
---- --------------------------------- ---------------------------------
f) Place of
the transaction Outside a trading venue
---- --------------------------------- ---------------------------------
Capita Company Secretarial Services Limited - Company
Secretary
8 December 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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