Non-Standard Finance PLC Purchase of own shares to satisfy NED fees (2932L)
December 21 2018 - 5:58AM
UK Regulatory
TIDMNSF
RNS Number : 2932L
Non-Standard Finance PLC
21 December 2018
Non-Standard Finance plc
(the 'Company' or the 'Group')
Purchase of own shares to satisfy Non-Executive Director
fees
Director/PDMR Shareholding
21 December 2018
In accordance with the Group's Remuneration Policy approved by
shareholders on 14 May 2018, the Group announces the purchase of
12,989 ordinary shares of GBP0.05 each ('Ordinary Shares') at a
price of 65.5p per Ordinary Share and a total cost (excluding
dealing costs) of GBP8,508. The Ordinary Shares purchased have been
immediately transferred to Mr. Charles Gregson, Non-Executive
Chairman of the Company to satisfy 50% of the post-tax fees due to
be paid to Mr. Gregson by the Company for the period from 1 October
2018 to 31 December 2018. The remaining 50% of fees due has been
paid in cash.
It is expected that future share purchases will be made
quarterly by the Company to satisfy 50% of the post-tax fees due to
Mr. Gregson for the previous three month-period.
As a result of the immediate transfer to Mr. Gregson, there is
no change in the number of Ordinary Shares held in treasury or the
total number of voting rights in the Company of 312,049,682 arising
from the Ordinary Shares purchased by the Company.
As a result of the above transaction, Mr. Gregson has a
beneficial interest in 310,984 Ordinary Shares, representing 0.1
per cent of the issued share capital of the Company.
For more information:
Non-Standard Finance plc +44 (0) 20 3869
Peter Reynolds, Director, IR and Communications 9026
The notification below, made in accordance with the requirements
of the EU 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 Initial notification
/Amendment
-------------------------- --------------------------------------------
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 Ordinary shares of 5p each in the capital
financial instrument, of Non-Standard Finance plc
type of instrument
GB00BRJ6JV17
Identification code
-------------------------- --------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares by the Company
and immediate transfer to Charles Gregson,
as satisfaction of 50% of his post-tax
directors fees
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
65.5 pence 12,989 Ordinary
Shares
----------------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume
12,989 Ordinary Shares
- Price
65.5 pence
-------------------------- --------------------------------------------
e) Date of the transaction 21 December 2018
-------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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