SCT.L

Softcat Plc
Softcat PLC - Director/PDMR Shareholding
4th December 2024, 14:22
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RNS Number : 8407O
Softcat PLC
04 December 2024
 

For Immediate Release

4 December 2024

 

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 19.1 of the Market Abuse Regulation ("MAR") and relates to the exercise of nil-cost options by persons discharging managerial responsibilities ("PDMR") on 3 December 2024. In November 2021, awards were made under the Softcat Annual and Deferred Bonus Plan (DBP) to the PDMR named below. At the time of the awards, the PDMR was an executive director of the Company.

The DBP has now vested and has been exercised by the PDMR. A sufficient portion of the Ordinary Shares ("Shares") has been sold to cover the PDMR's tax liabilities which has arisen as a result of the exercise. 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 / status

Chairman

 

b)

Initial notification / amendment

Initial Notification

 

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 of the financial instrument

Identification Code

Ordinary Shares of £0.0005 each


ISIN: GB00BYZDVK82

b)

Nature of the transaction

Exercise of 21,354 Shares under the Softcat DBP. The DBP award was exercised as nil-cost options, 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 volume(s)

i.      Sale of Shares

 

Share Scheme

Price(s)

Volume(s)

DBP

£15.74

10,087

 

ii.     Retention of Shares

Share Scheme

Price(s)

Volume(s)

DBP

£nil

11,267

d)

Aggregated information

Volume

Price

 

N/A



 

e)

Date of the transaction

 3 December 2024

f)

Place of the transaction

London Stock Exchange

 


Luke Thomas

Company Secretary

Softcat plc

               

Tel: +44 (0)20 7167 4961

 

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