TIDMSCT

RNS Number : 7304U

Softcat PLC

07 April 2021

 
 For Immediate Release   07 April 2021

Softcat plc

("Softcat", the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

The following notification is made under Article 19 of the Market Abuse Regulation ("MAR"). It relates to the exercise of 66,864 nil-cost options by persons discharging managerial responsibilities ("PDMR") on 7 April 2021 under the Softcat plc Long Term Incentive Plan ("LTIP") and the sale of a portion of the resulting Ordinary Shares ("Shares") to cover tax liabilities. The remaining Shares have been retained by the PDMR.

 
 1.   Details of PDMR / person closely associated with them ("PCA") 
 a)   Name                   Graeme Watt 
     ---------------------  -------------------------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position /             Chief Executive Officer 
       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                      213800N42YZLR9GLVC42 
     -----------------------  ------------------------------------------------------------ 
 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 each 
       of the financial 
       instrument 
       Identification 
       Code                   ISIN: GB00BYZDVK82 
     ---------------------  -------------------------------------------------------------- 
 b)   Nature of                   Exercise of nil-cost options under the Softcat 
       the transaction             plc LTIP (awarded on 4 April 2018), with a sale 
                                   of sufficient Shares to cover the PDMR's liabilities 
                                   in respect of income tax and national insurance 
                                   contributions. The Shares resulting from the exercise 
                                   were treated as follows: 
                                   i. sale of Shares; and 
                                   ii. retention of Shares. 
     ---------------------  -------------------------------------------------------------- 
 c)   Price(s) and                i. Sale of Shares Price(s)     Volume(s) 
       volume(s)                    GBP18.725    31,585 
                                                ---------- 
 
                                   ii. Retention of Shares Price(s)    Volume(s) 
                                    GBPnil      35,279 
                                               ---------- 
     ---------------------  -------------------------------------------------------------- 
 d)   Aggregated 
       information             N/A 
       Volume 
       Price 
     ---------------------  -------------------------------------------------------------- 
 e)   Date of the 
       transaction             07 April 2021 
     ---------------------  -------------------------------------------------------------- 
 f)   Place of the           London Stock Exchange 
       transaction 
     ---------------------  -------------------------------------------------------------- 
 
 
 
 Softcat plc 
 Luke Thomas, Company Secretary   Tel: +44 (0)20 7167 4961

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END

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