Non-Standard Finance plc
(the 'Company' or the 'Group')
Purchase of shares in respect of Non-Executive Director fees
Director/PDMR Shareholding
4 July 2022
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 425,000 ordinary shares of £0.05 each ('Ordinary Shares') at a price of 1.975p per Ordinary Share and a total cost (excluding dealing costs) of £8,393.75.
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 April 2022 to 30 June 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 2,762,079 Ordinary Shares, representing 0.8 per cent of the issued share capital of the Company.
For more information:
| Non-Standard Finance plc Sarah Day, Chief ESG Director & Company Secretary |
|
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)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
425,000 Ordinary Shares
1.975 pence | ||||
| e)
| Date of the transaction
| 1 July 2022 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.