St. Modwen Properties PLC Director/PDMR Shareholding (1923U)
July 27 2020 - 7:06AM
UK Regulatory
TIDMSMP
RNS Number : 1923U
St. Modwen Properties PLC
27 July 2020
Date of issue: 27 July 2020
LEI: 213800WMV4WVES8TQH05
St. Modwen Properties PLC
Notification and public disclosure of transactions by person
discharging managerial responsibilities
St. Modwen Properties PLC (the "Company") announces that Rob
Hudson, an executive director of the Company, undertook the
following transactions in the Company's ordinary shares of 10 pence
each ("Shares") on 24 July 2020.
1. Purchase of 15,896 Shares at a price of 314.54 pence per Share; and
2. Exercise of nil cost options over the Company's Shares under
the St. Modwen Properties PLC 2017 Performance Share Plan ("PSP").
The award of nil cost options vested at 67.2% on 7 July 2020
following the achievement of performance conditions measured over a
three-year period to 30 November 2019. In accordance with the rules
of the PSP, Rob Hudson received an additional number of shares
equivalent to the dividends paid between the date of grant of the
PSP and the date of exercise on the number of shares which
vested.
Award Number of shares Number of shares Number of
exercised including sold to cover shares retained
dividend equivalent tax liability
on exercise
Grant of nil cost
options under the
PSP on 7 July 2017 81,737 38,417 43,320
--------------------- ----------------- -----------------
The following notifications are made in accordance with the
requirements of Article 19(3) of the EU Market Abuse
Regulation.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rob Hudson
------------------------------- ---------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status PDMR - Interim Chief Executive Officer
------------------------------- ---------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- ---------------------------------------
3. Details of issuer
------------------------------------------------------------------------
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 Ordinary shares of GBP0.10 each in
financial instrument St. Modwen Properties PLC
Identification Code
GB0007291015
------------------------------- ---------------------------------------
b) Nature of the transaction Purchase of 15,896 shares
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.145 per share 15,896
----------
------------------------------- ---------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Aggregated price
------------------------------- ---------------------------------------
e) Date of the transaction 2020-07-24
------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
(XLON)
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rob Hudson
------------------------------- -------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position / status PDMR - Interim Chief Executive Officer
------------------------------- -------------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- -------------------------------------------
3. Details of issuer
----------------------------------------------------------------------------
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 Ordinary shares of GBP0.10 each in
financial instrument St. Modwen Properties PLC
Identification Code
GB0007291015
------------------------------- -------------------------------------------
b) Nature of the transaction Exercise of 77,807 nil cost options
granted under the St. Modwen Properties
PLC 2017 Performance Share Plan on
7 July 2017 and 3,930 dividend equivalent
shares.
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 81,737
----------
------------------------------- -------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Aggregated price
------------------------------- -------------------------------------------
e) Date of the transaction 2020-07-24
------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rob Hudson
------------------------------- ---------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status PDMR - Interim Chief Executive Officer
------------------------------- ---------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- ---------------------------------------
3. Details of issuer
------------------------------------------------------------------------
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 Ordinary shares of GBP0.10 each in
financial instrument St. Modwen Properties PLC
Identification Code
GB0007291015
------------------------------- ---------------------------------------
b) Nature of the transaction Disposal of 38,417 shares following
exercise of nil cost options under
the St. Modwen Properties PLC 2017
Performance Share Plan Award granted
on 7 July 2017 to cover tax liability
arising on exercise.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.08 per share 38,417
----------
------------------------------- ---------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Aggregated price
------------------------------- ---------------------------------------
e) Date of the transaction 2020-07-24
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
For further information, please contact:
St. Modwen Properties PLC www.stmodwen.co.uk
Rob Hudson, Interim Chief Executive
Officer
Tom Gough, Head of External Communications
and Stakeholder Relations 0121 222 9400
FTI Consulting
Dido Laurimore
Ellie Sweeney 020 3727 1000
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.
END
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