Softcat PLC — Remuneration Information 2016

Dec 8, 2016

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RNS Number : 3841R

Softcat PLC

08 December 2016

8 December 2016

Softcat plc (the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities

The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to awards of a nil-cost option to persons discharging managerial responsibilities ("PDMR") on 8 December 2016 under the Softcat plc Long Term Incentive Plan ("LTIP").  This announcement is made in accordance with Article 19.3 of MAR. 

Softcat plc Long Term Incentive Plan

On 8 December 2016, awards under the Company's Long Term Incentive Plan (the "LTIP") were made as set out in the table below.

The awards were made as nil-cost options and the number of shares over which each nil-cost option was awarded has been calculated by reference to the closing middle market quotation of the ordinary shares derived from the Daily Official List on the dealing day preceding the date of grant.

Performance Conditions and Vesting of Awards

These nil-cost options are subject to the rules of the LTIP and will vest depending on performance against Total Shareholder Return ("TSR") and Earnings per Share ("EPS") targets as measured over a three year performance period.

50% of the Award will be subject to the Company's relative TSR performance against the FTSE 250 (excluding real estate and investment trusts):

TSR performance	% of Award vesting
Below median	Nil
At median	30%
Upper quartile or above	100%

50% of the Award will be subject to the Company's EPS for FY 2019:

EPS Growth	% of Award vesting
Less than 20.6 pence	Nil
20.6 pence	20%
23.7 pence or above	100%

There will be straight line vesting between the points as outlined above.

The normal date of vesting for these nil-cost options will be 8 December 2019 and the last date for exercise will be 7 December 2026, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the LTIP.

1. Name	2. Status	3. No. of Shares subject to LTIP award
Martin Hellawell	Director/PDMR	176,129
Graham Charlton	Director/PDMR	119,767

For further information on the LTIP, please refer to the Company's Annual Report and Accounts. 

1.

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

a)

Name

Martin Hellawell

2.

Reason for the notification

a)

Position / status

CEO

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

N/A

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

Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00	176,129

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

2016-12-08

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

N/A

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

Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00	119,767

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

2016-12-08

f)

Place of the transaction

Outside a trading venue

Capita Company Secretarial Services Limited - Company Secretary

8 December 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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