Softcat PLC — Director's Dealing 2019

Jan 31, 2019

National Storage Mechanism | Additional information

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RNS Number : 6676O

Softcat PLC

31 January 2019

For Immediate Release	31 January 2019

SOFTCAT plc

("Softcat", the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to exercising of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 28 January 2019 under the Softcat plc Long Term Incentive Plan ("LTIP").  This announcement is made in accordance with Article 19.3 of MAR. 

Softcat Long Term Incentive Plan

The Company announces that on 28 January 2019, the LTIP awards made on 21 December 2015 to Graham Charlton have been exercised following full achievement of the performance criteria, with 100% of the LTIP awards vesting for nil consideration. Details of the number of ordinary shares of £0.0005 each in the share capital of the Company ("Shares") received by Persons Discharging Managerial Responsibility are set out below.

Name of Director	Number of shares awarded	Number of shares exercised	Number of shares sold*	Number of shares retained
Graham Charlton	141,666	141,666	36,215	105,451

*to meet tax and national insurance contributions

An application has been made to the UK Listing Authority and the London Stock Exchange for an additional listing of 141,666 ordinary shares of £0.0005 each to trade on the London Stock Exchange. It is expected that the shares will be admitted to trade on the Official List on 4 February 2019. The shares will rank pari passu with the existing ordinary shares of the Company.

Following these transactions, Mr Charlton and the persons closely associated with him will hold in aggregate 107,413 ordinary shares, which represent less than 0.1% of the Company's issued share capital.

Total Voting Rights

Following Admission, the Company will have 198,250,486 ordinary shares in issue. The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 198,250,486.

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Graham Charlton

2.

Reason for the notification

a)

Position / status

CFO

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 options under the Softcat plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	141,666

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

2019-01-28

f)

Place of the transaction

Outside a Trading Venue

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Graham Charlton

2.

Reason for the notification

a)

Position / status

CFO

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

Sale of shares, principally to cover tax on exercising of award under the Softcat plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
700p	36,215

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

2019-01-28

f)

Place of the transaction

London Stock Exchange

For further information in relation to the LTIP please review the 2018 Annual Report and Accounts or contact:

Softcat plc Luke Thomas, Company Secretary	Tel: + 44(0) 20 7167 4961

Media Enquiries - FTI Consulting LLP                                   Tel: + 44(0) 203 727 1000

Ed Bridges

Dwight Burden              

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