St. Modwen Properties PLC Director/PDMR Shareholding (6384K)
April 11 2018 - 12:15PM
UK Regulatory
TIDMSMP
RNS Number : 6384K
St. Modwen Properties PLC
11 April 2018
11(th) April 2018
St. Modwen Properties PLC
(the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them (in accordance with the Market Abuse
Regulations)
Vesting of Share Award Agreement
On 10(th) April 2018 Mark Allan exercised the following nil cost
option tranches of an award granted to him on 2(nd) November
2016:
Tranche Number of shares exercised Number of shares sold to cover tax liability Number of shares retained
--------- --------------------------- --------------------------------------------- --------------------------
Three 105,708 49,683 56,025
--------- --------------------------- --------------------------------------------- --------------------------
Four 152,991 71,906 81,085
--------- --------------------------- --------------------------------------------- --------------------------
TOTAL 258,699 121,589 137,110
--------- --------------------------- --------------------------------------------- --------------------------
In accordance with the terms of the agreement both tranches have
been exercised using existing shares held by the St. Modwen
Employee Share Trust.
The notifications set out below relating to the above
transactions are provided in accordance with the requirements of
the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Mark Allan
--- -------------------------------------------------------- -------------------------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name St. Modwen Properties PLC
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WMV4WVES8TQH05
--- -------------------------------------------------------- -------------------------------------------------------
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, type of Ordinary shares of 10 pence each in St. Modwen
instrument Properties PLC
---
Identification code GB0007291015
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of tranches three and four of share award
granted on 2(nd) November 2016 comprising
nil cost options over 105,708 shares and 152,991
shares respectively
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ---------------
Nil cost 258,699 shares
--------- ---------------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information:
- Aggregated volume N/A
- Aggregated price N/A
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2018-04-10
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
a) Description of the Financial instrument, type of Ordinary shares of 10 pence each in St. Modwen
instrument Properties PLC
---
Identification code GB0007291015
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Disposal of shares following exercise of tranches
three and four of share award granted on
2(nd) November 2016 to cover tax liability arising on
exercise
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP3.942 121,589
---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Aggregated price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2018-04-10
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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