Softcat PLC — Remuneration Information 2023

Nov 24, 2023

National Storage Mechanism | Additional information

RNS Number : 6512U

Softcat PLC

24 November 2023

24 November 2023

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 nil-cost options to persons discharging managerial responsibilities ("PDMR") on 23 November 2023 under the Softcat plc Annual and Deferred Bonus Plan ("ADBP"). This announcement is made in accordance with Article 19.3 of MAR.

Softcat plc Annual and Deferred Bonus Plan

On 23 November 2023, awards under the Company's ADBP were made as outlined below.

An award of nil-cost options to acquire 25,546 Ordinary shares was made to Graeme Watt, a director and PDMR. This award relates to bonus earned during the 2023 financial year when he was an Executive Director. The number of shares over which the 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 (1,240 pence). The award for Graeme Watt will vest three years from the date of grant. The normal date of vesting for the nil-cost options will be 23 November 2026 and the last date for exercise will be 22 November 2033.

An award of nil-cost options to acquire 17,031 Ordinary shares was made to Graham Charlton, a director and PDMR. The number of shares over which the 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 (1,240 pence). The award for Graham Charlton will vest subject to continued employment with the Company for three years from the date of grant. The normal date of vesting for the nil-cost options will be 23 November 2026 and the last date for exercise will be 22 November 2033.

An award of nil-cost options to acquire 2,019 Ordinary shares was made to Katy Mecklenburgh, a director and PDMR. The number of shares over which the 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 (1,240 pence). The award for Katy Mecklenburgh will vest subject to continued employment with the Company for three years from the date of grant. The normal date of vesting for the nil-cost options will be 23 November 2026 and the last date for exercise will be 22 November 2033.

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

1.

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

a)

Name

Graeme Watt

2.

Reason for the notification

a)

Position / status

Non - Executive 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

Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Annual and Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00	25,546

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

23 November 2023

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

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

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

Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Annual and Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00	17,031

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

23 November 2023

f)

Place of the transaction

Outside a trading venue

1.

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

a)

Name

Katy Mecklenburgh

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

Grant of nil cost option over Ordinary Shares of £0.0005 each under the Softcat plc Annual and Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00	2,019

d)

Aggregated information

Aggregated volume

Price

N/A

e)

Date of the transaction

23 November 2023

f)

Place of the transaction

Outside a trading venue

Luke Thomas

Company Secretary, Softcat plc

24 November 2023

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHDZMZMVDRGFZM