TIDMSCT

RNS Number : 8617W

Softcat PLC

14 December 2023

 
 For Immediate Release   14 December 2023

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 12 December 2023. In November 2020, awards were made under the Softcat Long Term Incentive Plan (LTIP) and under the Softcat Annual and Deferred Bonus Plan (DBP) to the PDMR named below.

Both the LTIP and DBP have now vested and have been exercised by the PDMR. A sufficient portion of the Ordinary Shares ("Shares") has been sold to cover the PDMR's tax liabilities which have arisen as a result of the exercises. The remaining Shares have been retained by the PDMR.

 
 1.   Details of PDMR / person closely associated with them ("PCA") 
 a)   Name                   Graham Charlton 
     ---------------------  ------------------------------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------------ 
 a)   Position /             CEO 
       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 24,943 Shares under the Softcat LTIP 
       the transaction             and 11,238 Shares under the Softcat DBP. The LTIP 
                                   and DBP awards were 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                i. Sale of Shares 
       volume(s)                   Share Scheme   Price(s)   Volume(s) 
                                   LTIP           GBP13.12   11,783 
                                                  ---------  --------- 
                                   DBP            GBP13.12   5,309 
                                                  ---------  --------- 
 
 
                                   ii. Retention of SharesShare Scheme   Price(s)   Volume(s) 
                                   LTIP           GBPnil     13,160 
                                                  ---------  --------- 
                                   DBP            GBPnil     5,929 
                                                  ---------  --------- 
     ---------------------  ------------------------------------------------------------------- 
 d)   Aggregated 
       information             N/A 
       Volume 
       Price 
     ---------------------  ------------------------------------------------------------------- 
 e)   Date of the             12 December 2023 
       transaction 
     ---------------------  ------------------------------------------------------------------- 
 f)   Place of the           London Stock Exchange 
       transaction 
     ---------------------  ------------------------------------------------------------------- 
 
 
 
 
 Luke Thomas          Tel: +44 (0)20 7167 4961 
  Company Secretary 
  Softcat plc

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END

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(END) Dow Jones Newswires

December 14, 2023 06:29 ET (11:29 GMT)

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