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Company Redde PLC
TIDM REDD
Headline Director/PDMR Shareholding
Released 13:02 14-Mar-2019
Number 9167S13

RNS Number : 9167S
Redde PLC
14 March 2019
 

• News Release •

 

Issue Date: 14 March 2019

Redde plc

("Company")

Director/PDMR Shareholding

The Company announces that certain directors and their persons closely associated ("PCAs") have recently purchased an aggregate of 60,191 ordinary shares with an aggregate value of £63,199.26 in the Company in the following amounts:

Name

Position

Ordinary shares purchased

Price paid per share

Number of Ordinary Shares held following the purchase

Date of
purchase

Avril Palmer-Baunack

Chairwoman

23,837

104.88p

80,334

14-Mar-19

Martin Ward

Chief Executive Officer

23,854

104.80p

4,004,812

14-Mar-19

Stephen Oakley

Chief Financial Officer

12,500

  105.61p

 

2,032,500

14-Mar-19

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Avril Palmer-Baunack

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Redde plc

b)

LEI

21380063LFNLZM7AYT28

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 0.1 pence each

 

ISIN: GB00BLWF0R63

GB00BLWFOR63

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

104.88p

23,837

 

 

 

d)

Aggregated information

N/A


 

- Aggregated volume

 

- Price


e)

Date of the transaction

14 March 2019

f)

Place of the transaction

AIMX

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Martin Ward

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Redde plc

b)

LEI

21380063LFNLZM7AYT28

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 0.1 pence each

 

ISIN: GB00BLWF0R63

GB00BLWFOR63

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

104.80p

23,854

 

 

 

d)

Aggregated information

N/A


 

- Aggregated volume

 

- Price


e)

Date of the transaction

14 March 2019

f)

Place of the transaction

AIMX

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Stephen Oakley

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Redde plc

b)

LEI

21380063LFNLZM7AYT28

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 0.1 pence each

 

ISIN: GB00BLWF0R63

GB00BLWFOR63

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

105.61p

12,500

 

 

 

d)

Aggregated information

N/A


 

- Aggregated volume

 

- Price


e)

Date of the transaction

14 March 2019

f)

Place of the transaction

AIMX

 

 

Enquiries




Redde plc

Tel: 01225 321134


Martin Ward - Chief Executive Officer



Stephen Oakley - Chief Financial Officer






Cenkos Securities plc (Nominated Adviser and Joint Broker)

Tel: 0207 397 8900


Mark Connelly

Giles Balleny

Harry Hargreaves






N+1 Singer Capital Markets Limited (Joint Broker)

Tel: 0207 496 3000


Mark Taylor




Square1 Consulting

Tel: 0207 929 5599


David Bick





 

 

Notes for Editors:

 

About Redde plc:

 

Founded in 1992 and working predominantly with insurance companies, insurance brokers and prestige motor dealerships, the Group provides a range of accident management and legal services. The Group also deals directly with large national fleets providing incident management and mobility continuity and the Group's activities also encompass a range of legal services designed to assist claimant parties in partnership with leading insurance companies, brokers and other bodies.

 

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.

                 

 

 

 


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