Urban&Civic plc Director/PDMR Shareholding (2513R)
December 07 2016 - 12:16PM
UK Regulatory
TIDMUANC
RNS Number : 2513R
Urban&Civic plc
07 December 2016
Urban&Civic plc ("Urban&Civic" or "the Company")
Notification of Awards under the Urban&Civic plc Performance
Share Plan
Urban&Civic plc announces the following grant of nil cost
options ("Awards") over ordinary shares in the Company of 20 pence
each ("Shares") to certain directors of the Company under the
Company's Performance Share Plan ("PSP") on 7 December 2016:
Name Total Awards Total Awards
granted on outstanding
7 December on 7 December
2016 2016
------------------------------- ------------- ---------------
Nigel Hugill, Chief Executive 387,302 890,747
------------------------------- ------------- ---------------
Robin Butler, Managing
Director 387,302 890,747
------------------------------- ------------- ---------------
David Wood 224,664 449,136
------------------------------- ------------- ---------------
Further details of the Awards are set out below.
Notes
1. The Awards will ordinarily vest following the third
anniversary of the grant date, and are not able to be sold for a
further two year period after vesting, making a five year period in
total. The Awards only vest to the extent the following performance
criteria are satisfied over the period from 1 October 2016 to 30
September 2019:
a. EPRA Net Asset Value performance (50% weighting) must
increase by more than 3.0% per annum above RPI for 25% vesting and
must increase by more than 12.5% per annum above RPI for 100%
vesting.
b. Total Shareholder Return (50% weighting) must be equal to the
median performance in the FTSE 350 Real Estate Index for 25%
vesting and be in the top quartile of the FTSE 350 Real Estate
Index for 100% vesting.
To the extent that the Awards vest, they will be exercisable
from vesting until 6 December 2026, assuming the participant
remains in the Company's employment;
2. No consideration is payable on the grant of the Awards; and
3. The notification of these Awards is intended to satisfy the
Company's obligations under DTR 3.1.
For further information please contact:
Nigel Hugill/David Wood Tel. 020 7509 5555
Urban&Civic plc
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulations, provide further
detail:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
(Disclosure in relation to award of share options)
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Nigel Hugill
--- ------------------------ --------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director/PDMR
--- ------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Urban & Civic 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 387,302 options over ordinary
the financial shares of 20 pence each in the
instrument, type capital of the Company
of instrument ISIN: GB00BKT04W07
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Award of options
transaction
--- ------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
nil 387,302
---------- ----------
--- ------------------------ --------------------------------
d) Aggregated information
- Aggregated 387,302
volume nil
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 7 December 2016
--- ------------------------ --------------------------------
f) Place of the London
transaction
--- ------------------------ --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Robin Butler
--- ------------------------ --------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director/PDMR
--- ------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Urban & Civic 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 387,302 options over ordinary
the financial shares of 20 pence each in the
instrument, type capital of the Company
of instrument ISIN: GB00BKT04W07
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Award of options
transaction
--- ------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
nil 387,302
---------- ----------
--- ------------------------ --------------------------------
d) Aggregated information
- Aggregated 387,302
volume nil
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 7 December 2016
--- ------------------------ --------------------------------
f) Place of the London
transaction
--- ------------------------ --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name David Wood
--- ------------------------ --------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director/PDMR
--- ------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Urban & Civic 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 224,664 options over ordinary
the financial shares of 20 pence each in the
instrument, type capital of the Company
of instrument ISIN: GB00BKT04W07
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Award of options
transaction
--- ------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
nil 224,664
---------- ----------
--- ------------------------ --------------------------------
d) Aggregated information
- Aggregated 224,664
volume nil
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 7 December 2016
--- ------------------------ --------------------------------
f) Place of the London
transaction
--- ------------------------ --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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